Drop In Auto Production Steers Visteon Into Ch. 11
Visteon and 30 of its affiliates filed a petition in the U.S. Bankruptcy Court for the District of Delaware, listing $4.58 billion in assets and $5.32 billion in liabilities.
“Visteon has not been immune to the deteriorating market conditions in the domestic and foreign automotive industry and the global financial crisis,” Visteon said in court filings....
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