Visteon may skip March bond payment - analyst

Newswire

NEW YORK, Feb 26 (Reuters) - Auto parts maker Visteon Corp may choose to forgo a bond interest payment due in March and instead try to sure up financing to fund itself through a bankruptcy restructuring, research firm KDP Investment Advisors said. Visteon, the former parts affiliate of Ford Motor Co , on Wednesday posted a wider fourth quarter loss of $328 million and said it was in danger of breaching its covenants in its loan agreements. For details, see [ID:nN24415219] The company ...

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