Visteon Corporation (NYSE:VC) announces a share repurchase program. Under the program, the company will repurchase up to $400 million of common stock. Shares will be repurchased from time to time through a combination of open market transactions or in privately negotiated transactions and accelerated stock repurchase programs depending on market and economic conditions, share price, trading volume, alternative uses of capital and other factors and in accordance with applicable U.S. securities laws and regulations. The program will be funded through excess cash on hand. The purpose of the share repurchase program is to create value to the shareholders. The repurchase program will expire by March 2018.