Investment bankers representing bankrupt Visteon have reportedly approached Delhi-based auto parts company Amtek Auto for the sale of Visteon assets.
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India’s Economic Times newspaper reported Visteon is looking to sell factories, machinery and equipment as well as entire business verticals in both the US and Europe after filing for Chapter 11 bankruptcy protection in May.
The report added that John Flintham, Amtek’s chief executive, overseas operations, is looking at what is on offer and the Indian component maker is interested, provided the terms are attractive.
