Visteon Confirms Terminated Discussions with GKN plc Regarding Possible Sale of Driveline Assets in Europe and South America
19 December 2006 - 7:16PM
PR Newswire (US)
VAN BUREN TOWNSHIP, Mich., Dec. 19, 2006 /PRNewswire-FirstCall/ --
Visteon Corporation (NYSE:VC) confirmed today that discussions
regarding the possible sale of certain Visteon driveline assets in
Europe and South America to GKN plc have terminated. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO ) Visteon
continues to explore other alternatives for these assets as it
restructures its businesses as part of the company's three-year
improvement plan. Visteon Corporation is a leading global
automotive supplier that designs, engineers and manufactures
innovative climate, interior, electronic and lighting products for
vehicle manufacturers, and also provides a range of products and
services to aftermarket customers. With corporate offices in Van
Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany;
the company has more than 170 facilities in 26 countries and
employs about 46,000 people.
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO DATASOURCE:
Visteon Corporation CONTACT: Jonna Christensen of Visteon
Corporation, +44-1268-701094, ; or Scott Thomson, +44-2073-441-263,
, for Visteon Corporation Web site: http://www.visteon.com/
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