UPDATE 1-Visteon gets bankruptcy court OK to pay wages

Newswire

WILMINGTON, Del., May 29 (Reuters) - U.S. auto parts maker Visteon Corp received interim court approval on Friday to pay wages, benefits and payroll taxes while in bankruptcy. The approval came during a hearing in U.S. Bankruptcy Court in Delaware. Visteon said that debtor-in-possession, or DIP, financing would be discussed at a subsequent hearing. Visteon, spun off by Ford Motor Co in 2000, filed for bankruptcy protection on Thursday, another casualty of the U.S. auto industry's ...

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