Visteon files for bankruptcy

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Despite its association with Ford--the only Detroit automaker not in, or flirting with, bankruptcy--parts supplier Visteon joined the bankruptcy crowd today. Visteon, which supplies Ford with an extensive array of supplies, was battered by Ford's 40 percent sales decline. Several Visteon subsidiaries filed for bankruptcy as well.

Nearly 50 auto parts and supply companies have filed for bankruptcy in 2008 and 2009.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on May 28, 2009 11:03 AM.

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