Despite casting the supplier off on its own three years ago, Ford Motor Co. this week agrees to take responsibility for $1.65 billion of Visteon Corp.’s future hourly retiree benefits, which include health care and life insurance. The deal comes in the wake of speculation former parent Ford would bail out the supplier to help it remain competitive. In exchange for the payment of retiree costs, Visteon is giving Ford $150 million for 2003 North American price reductions on sales ...
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