VAN BUREN TOWNSHIP, Mich. (AP) — Visteon Corp. said Thursday that the board of its South Korean affiliate Halla Climate Control Corp. has agreed to absorb most of Visteon's automotive climate business.

Terms were not disclosed. But Visteon already owns 70 percent of Halla and would own the same percentage of the combined business.

The combined business would be one of the largest global suppliers of automotive climate components and systems.

The board of Visteon, an auto parts supplier based in Van Buren Township, Mich., is expected to approve the deal soon.

The agreement, which was first outlined in September, is on track to close in the first quarter of 2013, Visteon said.

Visteon shares rose 3 cents to $53.90 in morning trading Thursday.


Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.




If you have any questions or concerns please email us on


  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.