Visteon Drops Plan to Sell a Factory to Plastech
Visteon Corp., the second-biggest U.S. maker of auto parts, dropped its plan to sell a Chicago factory to Plastech Engineered Products Inc. because the companies couldn’t agree on terms, a Visteon spokesman said. Visteon, based in Van Buren Township, Mich., announced the sale in August as a way to cut costs and help end annual losses after being spun off from Ford in 2000.