VisteonBankruptcy

Automotive News reports that long-time Ford supplier Visteon should exit bankruptcy by October after 15 long months in reorganization. If all goes according to play, Visteon should exit Chapter 11 with less debt, more diversity of clientele and a healthier auto industry to sustain future success. ...

Visteon, the automotive supplier currently going through bankruptcy proceedings, is seeking to rid itself of pension obligations for 21,000 current workers and retirees. It wouldn't mean the end of pensions for the workers, but the payments would be taken over by the Pension Benefit Guaranty ...

When is a profit not a profit? When it's the result of bankruptcy prevention measures, like Visteon's report of a $2 million profit during the first quarter of 2009. The auto supplier is reporting that each share earned two cents during the period, compared to a $105 million loss last year. The ...