Published January 10, 2017 6:56am EST | Updated January 10, 2017 7:03am EST

Visteon Board Approves New $400 Million Share Buyback Program

Car parts maker Visteon Corp. said Tuesday its board has approved a $400 million share buyback program that it plans to execute through March of 2018. Visteon shares were indicating higher premarket, but are down 22% in the last 12 months, while the S&P 500 has gained 18%.