Visteon Corporation has put forward a fourth amended reorganisation plan.

The plan – filed by Visteon on 14 June – envisages partial recovery to equity holders – 2% direct equity along with warrants.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

However, the US parts manufacturer is at pains to point out it does not necessarily subscribe to the idea it should pay anything to the equity class.

In an emailed statement, Visteon told just-auto: “Although we believe they are not entitled to any recovery, Visteon and the bondholders agreed to provide some recovery to the equity class in an effort to gain support for the plan.

“Otherwise, the structure of this amended plan is similar to the previously filed plan.”

Visteon recently rejected an unsolicited bid from Johnson Controls (JCI) of US$1.25bn, although JCI said it remained interested in some Visteon assets.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now