US: Visteon mulls unsecured creditors’ proposal

Visteon Corporation has acknowledged that it is studying a reorganisation proposal offered by its unsecured creditors as an alternative to one that would virtually transfer ownership of the company to its secured creditors. According to Automotive News, a spokesman for the supplier, which is currently in Chapter 11, says: "We Subscribe to Automotive World to … Continued

• By Webmaster
• January 20, 2010