GKN turns back on Visteon

Engineering firm GKN has terminated talks with car parts maker Visteon Corporation over the possible acquisition of certain Visteon assets.

The announcement throws fresh doubts over the future of the firm's British-based operations. Visteon, which employs around 2,500 staff across four plants, said it would continue to explore “other alternatives” for these assets as it restructures its businesses as part of the company's three-year improvement plan.

Email Small Delicious Icon  Delicious Small StumbleUpon Icon  Stumble Upon Small Facebook Icon Facebook Small Google Icon Google Bookmark
HAVE YOUR SAY
Click on the button to include your comments on this story