Visteon Corp (VC.N) may be pinning its hopes on a key South Korean asset as its ticket to staying independent. But the strategy may not be enough to keep hedge fund investors who are pushing for a breakup or simpler corporate structure at bay. The former parts affiliate of Ford Motor Co (F.N) has said its 70 percent stake in Halla Climate Control(018880.KS) is core of its climate control business and it would eventually like to purchase the 30 percent of the Korean company it does not already own. Any bid for full ownership of Halla, however, is likely to run into many hurdles, including almost certain opposition from Halla's top customer, Hyundai Motor Group, people familiar with the situation said.
Visteon Corporation (Visteon) is a supplier of climate, interiors and electronics systems, modules and components to automotive original equipment manufacturers (OEMs) worldwide. Shares of VC traded higher by 3.35% or $1.62/share to $50.00. In the past year, the shares have traded as low as $48.07 and as high as $76.61. On average, 653519 shares of VC exchange hands on a given day and today's volume is recorded at 555692.
Ford Motor Company (Ford) is a producer of cars and trucks. Shares of F traded higher by 5.84% or $0.58/share to $10.51. In the past year, the shares have traded as low as $9.87 and as high as $18.97. On average, 67114304 shares of F exchange hands on a given day and today's volume is recorded at 128027816.
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