Visteon Keen on Selling assets, biz to Amtek
American auto component giant Visteon Corp’sinvestment bankers have approached Delhi based auto parts major, Amtek
Auto for sale of its plants && businesses.
Viteon,a former Ford division, is looking to sell assets like factories,machineries, & equipment as well as entire
business verticals in both US && Europe after having filed for chapter 11 bankruptcy protection.
According to people with direct knowledge of development,Amtek's CEO (Overseas operation), John Flintham is
currently looking at what is on offer & the Indian Component maker is interested provided the terms are
attractive.
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