UPDATE 5-Ford revamps Visteon deals, takes $1.6 bln charge

Newswire

(Updates with closing stock prices) By Justin Hyde DETROIT, Dec 22 (Reuters) - Ford Motor Co. said on Monday it would assume $1.65 billion in retiree health-care costs from 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 for the deal. The decision, along with several other changes ...

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