UPDATE 4-Ford revamps Visteon deals, takes $1.6 bln charge

Newswire

(Recasts first sentence, adds S&P cut of Visteon's ratings to junk, updates stock prices) By Justin Hyde DETROIT, Dec 22 (Reuters) - Ford Motor Co. said on Monday it agreed to assume $1.65 billion in retiree health-care costs of Visteon Corp. , its former subsidiary and top auto parts supplier, in return for guaranteed price cuts and competitive prices on new contracts. Ford, whose shares rose to an 18-month high on the move, said it will take a $1.6 billion fourth-quarter charge ...

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