Visteon to Sell Chinese Joint Venture Stake

Skadden is representing Visteon Corporation, an auto parts manufacturer, in the $1.5 billion sale of its 50 percent stake in Yanfeng Visteon Automotive Trim Systems Co., Ltd., a joint venture between Visteon and Huayu Automotive Systems Co., Ltd. (HASCO), to HASCO, announced on August 13. Both Yanfeng and HASCO are based in China.