SAN FRANCISCO -- Visteon Corp. said Friday that it has agreed to sell its auto parts assembly operation in Chicago to Plastech Engineered Products, a Visteon supplier in Dearborn, Mich.
Financial terms were not disclosed.
Visteon said the 270 employees at the assembly operation will be offered jobs with Plastech, which has a plant adjacent to the one to be purchased. The sale, which is subject to certain conditions, is expected to be completed by Sept. 30, Visteon said.
The Visteon plant does final assembly of parts for Ford vehicles.