Press release article from our research archive:

Visteon Corporation Announces Cooperative Agreement to Exit Seating Business.

Visteon Corporation today announced it will exit its seating business located in Chesterfield, Mich. The Chesterfield plant currently provides seating systems to Ford Motor Company. Ford will source current model seating business at Chesterfield to Johnson Controls Inc. effective immediately. Visteon has previously identified its seating business as non- core. Exiting that business allows Visteon to focus its product portfolio and resources on growth-oriented businesses.

(Photo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )

In support of Visteon's strategy to pursue growth in its core businesses, Ford will award additional interiors business to ...

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