VAN BUREN TOWNSHIP,
Mich., Dec. 1, 2014
/PRNewswire/ -- Visteon Corporation (NYSE: VC) has completed
the sale of its interiors operations in India to Reydel Automotive Holdings B.V. The
transaction is part of the previously announced divestiture of the
majority of Visteon's interiors business to Reydel. Other interiors
transaction closings with Reydel are expected to be completed by
the end of the first half of 2015, with timing dependent on
government approvals.
The India interiors
operations sold to Reydel Automotive include all manufacturing
operations in Pune and Visteon's
interiors business in Chennai,
although Visteon retains the Chennai facility itself. The operations
acquired by Reydel Automotive have approximately 550 employees and
produce instrument panels, door panels, floor consoles and other
plastic trim parts for various vehicle manufacturers.
About Visteon
Visteon Corporation is a
global automotive supplier that designs, engineers and manufactures
innovative products for nearly every vehicle manufacturer
worldwide. Visteon delivers value for its customers and
shareholders through two technology-focused core businesses:
vehicle cockpit electronics and thermal energy management. Visteon
owns 70 percent of Halla Visteon Climate Control Corp., the world's
second largest provider of vehicle thermal management solutions.
With corporate offices in Van Buren
Township, Mich. (U.S.); Shanghai,
China; and Chelmsford, UK;
Visteon has approximately 26,000 employees at facilities in 29
countries. Visteon had sales of $7.4
billion in 2013. Learn more at www.visteon.com.
Follow Visteon:
www.twitter.com/visteon
www.youtube.com/visteon
http://blog.visteon.com
www.google.com/+visteon
www.linkedin.com/company/visteon
https://www.facebook.com/VisteonCorporation
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SOURCE Visteon Corporation