VAN BUREN TOWNSHIP, Mich. (AP) -- Auto parts supplier Visteon Corp. on Monday approved the repurchase of an additional $200 million in company stock.
Visteon said the stock repurchase authorization will last for two years. The company said it has bought back $50 million in stock since August, and had $50 million remaining on that share repurchase authorization. It had 58.2 million shares on the market as of Oct. 26.
Visteon shares rose 2.1 percent to $55.92 on Monday and were unchanged in aftermarket trading.