Visteon exits automotive lighting sector; Indian concern takes over


In a move that will reportedly enable the company to focus more on its core businesses of climate and electronics, Visteon Corp. (Van Buren Township, MI) is divesting its automotive lighting business to India's Varroc Group (Aurangabad).

The deal is worth $92 million in cash, with completion slated for the third quarter of this year. The business to be sold encompasses a wide range of exterior lighting products supplied to global vehicle manufacturers, including front and rear lighting systems, auxiliary lamps and key subcomponents such as projectors and electronic modules. With 2011 revenue of $531 million, it has operations in Europe, North America and Asia.
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