Visteon Coportation

Visteon a Fortune 500 company that supplies Ford with parts for cars has filed for bankruptcy Chapter 11. ""During the reorganisation period, we will seek to address our capital structure and legacy costs that are not sustainable given the current economic environment. The results of these actions, combined with our innovative products and excellent product quality, will allow Visteon to emerge a financially sound and well-positioned company."

Visteon was spun off from Ford nine years ago and hasn’t managed an annual profit since then. Earlier this month the company warned that it could be forced into bankruptcy should debt restructuring talks with lenders fail." (Automotiveworld.com)

I am going to sit back an see what comes about with this, because as we all know the airlines are just like this they don't make any money and have all filed for bankruptcy many times. I might get into this once it gets lower.