Visteon terminates MOU to sell interior business to Chinese JV  [ China ]

Visteon Corporation and Huayu Automotive Systems Co., Ltd. (HASCO) announced that the companies have agreed to terminate the nonbinding memorandum of understanding (MOU) with respect to a potential transaction that would have combined the majority of Visteon's interiors business with Yanfeng Visteon Automotive Trim Systems, Co. Ltd (YFV). YFV is a Chinese joint venture between Visteon and HASCO...