Automotive supplier Delphi has been in the news the past few weeks because of two problems, gaping money losses since being spun off of GM in 1999 and an accounting scandal. Visteon, another automotive supplier that was spun off from Ford in 2000, can relate to Delphi's money loss but thankfully not the padded books. Ford has struck a deal with Visteon that will aid the manufacturer with high healthcare/benefit costs and retooling costs to the tune of hundreds of millions of dollars a year. Visteon stocks went up 10 percent with the news. Ford stock took a slight hit, but evened out by the end of Friday. Bad time to be a supplier to the Big 2.
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