Stressed Out Visteon Considers Sale of Business Units, an Advisory from Industrialinfo.com
HOUSTON--March 14, 2005--Researched by Industrialinfo.com (Industrial Information Resources Inc.; Houston). Visteon Corporation (Dearborn, Mich.), the world's second-largest automotive supplier behind General Motors' Delphi, is rumored to be considering the sale of one or more of its business units. Sources say, although Visteon roundly denies it, that Visteon has been in talks since late 2004 with several potential buyers for its Axle unit, which is not considered one of its core competencies and would probably be well disposed of, since it has been a drag on the company for all the years of its existence, and for its Interior Electronics unit, which it does consider a core unit.For details view the entire article at www.industrialinfo.com.
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