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Post Tagged with: "Interiors"

Visteon Completes First and Largest Phase of Divestiture of Automotive Interiors Business to Affiliate of Cerberus Capital Management

Visteon Corporation has completed the first and largest phase of the sale of its remaining automotive interiors business to Reydel Automotive Holdings B.V., an affiliate of Cerberus Capital Management, L.P. Visteon on May 2 announced an agreement to divest the majority of its interiors business to Reydel Automotive, supporting Visteon’s focus on its core automotive cockpit electronics and thermal energy[Read More…]

by — November 4, 2014 — International, Newscast, Web Exclusive
Faurecia receives “Supplier of the Year” award at Automotive Interiors Expo 2014

Faurecia receives “Supplier of the Year” award at Automotive Interiors Expo 2014

Faurecia, the world’s sixth-largest automotive supplier, received on June 24, 2014 the “Supplier of the Year” award at the Automotive Interiors Expo 2014 held at the Stuttgart Trade Fair Center. The prize, now in its third year, stands for extraordinary achievements and technologies in the field of automotive. Faurecia was able to come out on top, leaving renowned companies behind.[Read More…]

by — June 27, 2014 — International, Newscast, Trending, Web Exclusive
Visteon signs agreement to divest majority of Automotive Interiors Business to an affiliate of Cerberus Capital Management

Visteon signs agreement to divest majority of Automotive Interiors Business to an affiliate of Cerberus Capital Management

Visteon Corporation today announced an agreement to divest the majority of its global automotive interiors business to an affiliate of Cerberus Capital Management, L.P. The transaction, which is subject to regulatory reviews and other conditions, is expected to be completed by Dec. 31, 2014. Visteon also announced it has completed a previously announced agreement to sell its 50 percent ownership[Read More…]

by — May 2, 2014 — International, Newscast, Web Exclusive

Visteon signs agreement to sell shares in Duckyang JV for $ 24.1 mn

Visteon Corporation today announced that the company has reached an agreement to sell its 50 percent ownership stake in a Korean automotive interiors joint venture, Duckyang Industry Co., Ltd in support of its previously announced intentions to divest its interiors business. Based in Ulsan, South Korea, Duckyang manufactures and develops original equipment interior components for vehicles. The sale to certain[Read More…]

by — March 19, 2014 — International, Newscast, Web Exclusive