Visteon Moves to Sell Nissan Parts Plants To Haru

Law360, New York (October 26, 2009, 2:55 PM EDT) -- Bankrupt auto parts maker Visteon Corp. has asked for court approval to sell four manufacturing facilities to Haru Holdings LLC for more than $11 million in an agreement that also involves Nissan North America Inc., which uses parts from the plants.

Visteon on Friday requested that the U.S. Bankruptcy Court for the District of Delaware approve the agreement, which the company describes as part of its ongoing initiatives to address liquidity needs, exit underperforming lines of business, dispose of assets for value and maintain important customer...
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