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Visteon Automotive Investment Wuhu Bo Nile

Visteon said today that China plans to invest parts suppliers Bo Nile Wuhu Automotive Electronics Systems Co., Ltd. (WuhuBonaireAutoElectricalSystemsCo.Ltd), but did not disclose specific details.

     Wuhu Chery Bo Nile is a subsidiary, the Visteon Investment Wuhu Bo Nile purpose is to establish better cooperation with Chery partnership. This investment will consolidate its position in the Asian market last year, Visteon Asia account for its global share of 40% or more. Visteon's management and investors are also considering increasing its South Korean joint venture Halla investment.

     From the beginning of May there are rumors that Visteon will be disintegrated, and Visteon to make concessions and agreed to its largest investor AldenGlobalDistressedOpportunitiesMasterFundLP of two members to its board of directors, was to avoid a proxy fight.

     Visteon's main automotive interiors, electronics and lighting equipment, a division of Halla and Yanfeng Visteon's assets even more than the entire company.

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