Visteon Corp. clears its final hurdle in bankruptcy court, setting the stage for an expected exit from Chapter 11 on Friday, The Detroit News reports. A U.S. bankruptcy judge this week approved a deal guaranteeing the supplier $600 million in annual business through 2013 and waiving payments Visteon was to make to Ford Motor Co. Visteon Chairman and CEO Donald Stebbins is expected to be named chairman of the new 9-member board, while four other new board members also will be named. ...
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