Visteon Corp. rose the most in a month after the auto-parts supplier said it plans to return as much as $2.75 billion to shareholders during the next year, Bloomberg News reported yesterday. Visteon, spun off from Ford Motor Co. in 2000, said that it completed the $3.6 billion sale of its majority stake in Halla Visteon Climate Control Corp. The Van Buren Township, Michigan-based company will buy back $500 million of its shares by the end of this year and intends to make a special distribution to stockholders in 2016, according to a statement Tuesday. The company said it will seek growth from its current businesses as well as through acquisitions. Visteon, which exited bankruptcy in 2010, has also sold its interiors unit and is focusing on vehicle cockpit electronics and connectivity.
