Visteon Agrees to Sell Yanfeng Joint Ventures to Partner HASCO and Will Gain Control of Majority of Yanfeng Visteon's Automotive Electronics Business in Transactions Valued at $1.5 Billion

VAN BUREN TOWNSHIP, Mich., Aug. 13, 2013 /PRNewswire/ -- Visteon Corporation (NYSE:VC) today announced that it has entered into an agreement with Huayu Automotive Systems Co., Ltd. (HASCO) to sell its 50 percent stake in Chinese joint venture Yanfeng Visteon Automotive Trim Systems Co.,...