Ford sees no large-scale aid for former parts unit

Newswire

By Soyoung Kim DETROIT, Jan 29 (Reuters) - Ford Motor Co is not contemplating any large-scale support for struggling auto parts maker Visteon Corp and sees no need to inject cash into its former affiliate, the automaker said on Thursday. Visteon, like other suppliers, has come under intense pressure from steep production cuts by major automakers and tight credit conditions. "We are not contemplating dramatic action," Ford Chief Financial Officer Lewis Booth said, when asked if the ...

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