Skip to content

Duckyang deal leaves Visteon with two to go

Visteon has taken another key step towards its goal of offloading its interiors business. The supplier has reached an agreement to sell the 50% stake it holds in Korean automotive interiors joint venture Duckyang Industry to unspecified management shareholders of Duckyang and associated parties. The share sale will provide Visteon with US$24.1m directly, along with … Continued

Visteon has taken another key step towards its goal of offloading its interiors business. The supplier has reached an agreement to sell the 50% stake it holds in Korean automotive interiors joint venture Duckyang Industry to unspecified management shareholders of Duckyang and associated parties. The share sale will provide Visteon with US$24.1m directly, along with US$5.9m in dividends.

Subscribe to Automotive World to continue reading

Sign up now and gain unlimited access to our news, analysis, data, and research

Subscribe

Already a member?

https://www.automotiveworld.com/articles/duckyang-deal-leaves-visteon-two-go/

Welcome back , to continue browsing the site, please click here