Visteon Corp. is asking a bankruptcy judge for permission to terminate its health-care and life-insurance plans that cover 6,650 hourly and salaried retirees and their dependents, as well as benefits for 700 potential retirees, the Detroit Free Press reports. The supplier says its liabilities for its pension plans will be about $310 million by the end of 2009. A hearing is slated for Aug. 13. Additionally, The Detroit News reports Visteon, in a separate motion filed this week, is seeking the ...
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