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Visteon Corporation (OTC: VSTN) just released some important news.

Publication: M2 Presswire
Publication Date: 31-MAR-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 March 2009-Stockwire.com: Visteon Corporation (OTC: VSTN) just released some important news.(C)1994-2009 M2 COMMUNICATIONS LTD

RDATE:31032009

Visteon Corporation (OTC: VSTN), just announced Visteon UK Ltd Enters Into Administration in United Kingdom, Affecting Three Manufacturing Operations.

A dedicated Chat Room for Visteon, has been created at STOCKWIRE.com to discuss this news event.

Visit the following link to begin chatting with your fellow shareholders: http://www.stockwire.com/chat

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VAN BUREN TOWNSHIP, Michigan --- Visteon Corporation (OTC: VSTN) today announced that one of its subsidiaries in the United Kingdom, Visteon UK Ltd, consisting of three manufacturing plants, filed for administration with the UK High Court under the Insolvency Act 1986.

(Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )

The administration order places Visteon UK Ltd under the control of court-appointed administrators from KPMG. Visteon UK Ltd includes plants in Basildon, Belfast and Enfield. Employing approximately 600 people, the plants manufacture automotive interiors, climate and powertrain components.

All other Visteon operations are excluded from and not impacted by this action, including the Visteon Engineering Services Ltd subsidiary, which employs approximately 400 people at Visteon's UK customer and technology centers.

"Visteon is committed to taking decisive actions in view of the current challenging operating environment to protect the long-term viability...

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