Auto Parts Maker Visteon Files Chapter 11

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.

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