Visteon settles European price dispute with Ford

Newswire

DETROIT, June 25 (Reuters) - Auto parts supplier Visteon Corp. said on Tuesday it had settled a $50 million pricing dispute with former parent and largest customer Ford Motor Co. over parts supplied in Europe. Visteon said the settlement called for the company to give price cuts to Ford for parts delivered in 2001 and 2002. Visteon said the reductions were in line with its reserves and would not affect its financial outlook. Terms of the deal were not disclosed. As part of the deal ...

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