Visteon, the large automotive supplier, continues to reshape itself from a vendor of interior trim to one that focuses on electronics. Visteon announced that it is selling its half of Yanfeng Visteon Automotive Trim Systems to it’s Chinese joint venture partner Huayu Automotive Systems, for ~$1.2 billion. At the same time, Visteon will be buying majority ownership of the JV’s electronics unit, Yanfeng Visteon Automotive Electronics Co., for $68 million. (Read More…)
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