Visteon cleared to put reorganization plan to vote

Newswire

WILMINGTON, Del., June 25 (Reuters) - Visteon Corp, the bankrupt auto parts maker, won court approval on Friday to send its plan of reorganization to creditors for a vote, according to a company spokesman. The company has proposed a plan that would put the former Ford Co subsidiary under the control of bondholders, who are owed $870 million. Lenders, shareholders and holders of the company's supplier claims are fighting the plan. The company will likely have to battle through those ...

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