Vis­teon reaches deal with Ford

Los Angeles Times - - Business -

Bank­rupt auto parts maker Vis­teon Corp. is seek­ing court ap­proval for a deal it said it reached with Ford Mo­tor Co. that would re­solve al­most all dis­putes and en­sure about $600 mil­lion in Vis­teon sales to its for­mer par­ent, ac­cord­ing to court doc­u­ments.

The so-called global set­tle­ment cleans the slate be­tween the two com­pa­nies, al­low­ing Vis­teon to emerge from bank­ruptcy pro­tec­tion with fewer obli­ga­tions to one of its largest cus­tomers.

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