Report: Visteon reaches pension agreement with Ford, eyes bankruptcy exit
When Visteon finally exits Chapter 11 proceedings, it will do so with a far healthier balance sheet, production capacity that is more in line with demand and less reliance on Ford Motor Company for business. But while the new Visteon will likely be profitable, the company won't be nearly as big as Ford's one-time captive supplier arm was 10 years ago. Visteon has shuttered or sold over 50 plants in the past decade while losing over 50,000 jobs.
[Source: Detroit Free Press | Image: Bill Pugliano/Getty Images]
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