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Visteon exploring sale of auto interiors unit, but no rush, CEO says
DETROIT (Sept. 20, 8:35 a.m. ET) — Visteon Corp. is in discussions to sell its interiors business, but "there’s no gun to our head" to sell quickly, the U.S. auto parts supplier’s top executive said on Wednesday. "We know the business will be worth more when Europe starts to rebound," Visteon’s interim CEO Tim Leuliette said during an investor presentation. "If someone wants to pay us now for that kind of value, we’re willing to accept that. In the meantime, we’re running the business."
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