UPDATE 1-Visteon plans to sell interiors business to China JV

Newswire

* May sell business to JV with Huayu Automotive Systems * Terms of the deal not disclosed Nov 30 (Reuters) - U.S. auto parts supplier Visteon Corp said it could potentially sell a majority of its interiors business to its Chinese joint venture with Huayu Automotive Systems, creating a global automotive interiors company. Definitive agreements for the proposed sale are targeted to be signed in early 2012, Visteon said in a statement, but did not disclose any financial terms. The new ...

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