WILMINGTON, Del. (CN) - Visteon Corp. is the latest auto parts maker to file for bankruptcy, listing $4.6 billion in assets and $5.2 billion in debts. Visteon, whose chief customer is Ford, owes its largest creditor, the Bank of New York Trust, $862 million. At least 47 auto parts makers have filed for bankruptcy since 2008, according to industry reports.
Categories / Uncategorized
Subscribe to Closing Arguments
Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.