The Chapter 11 protection has been sought for the company and certain of its US subsidiaries. In a statement on Thursday, Visteon said that none of its subsidiaries or joint ventures outside the US are part of the filing.
An acquisition by Tata AutoComp may cost $1.5-2 bn.
Tamil Nadu has cornered around 18.63 per cent of the fresh investments in Q1FY21 and topped the list of state-wise investments. These investments should help create over 67,212 jobs.
Executives feel political and other turmoil will hit plans, funds flow; govt says fears valid but will prove wrong.
Sources claim that 68-70 per cent of the workers at Halol are permanent ones, while the balance is tilted towards contractual workers at Talegaon.
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