Visteon Exiting Bankruptcy
Posted on Nov 4, 2010 5:50pm PDT
Visteon has gotten approval from a bankruptcy judge to exit bankruptcy as there is now an agreement between Visteon and Ford, who was accused of owing $160 million. Ford will now drop its demands as it will pay Visteon $29 million. The company will soon be emerging from Chapter 11 bankruptcy protection and will continue to supply Ford with auto parts.
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