Visteon seeking profitability with deal to transfer plants to Ford unit
Sep 15, 2005 | 09:21 AM
| Philip Burgert
Four chassis and two powertrain plants are among 17 plants and six other facilities that will be transferred from Visteon Corp. to a new company managed by Ford Motor Co. on Oct. 1 under a deal aimed at making Visteon profitable.Van Buren Township, Mich.,-based Visteon was spun off by Ford five years ago. Executives said they expect annual production material cost savings of $600 million to $700 million by the end of the decade as a result of the agreement.....
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