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Jabil Circuit the largest supplier creditor in Visteon bankruptcy filing

In a sign the auto industry's woes will reach far and wide, St. Petersburg electronics manufacturer Jabil Circuit turns out to be the largest supplier creditor in Thursday's Chapter 11 bankruptcy of auto parts maker Visteon Corp.

According to Bloomberg News, Visteon, a former unit of Ford Motor Co., filed for bankruptcy protection after revenue fell amid a global slump in vehicle sales. And Jabil Circuit is owed more than $7 million, followed by International Business Machines Corp., which is owed $5.7 million.

They are listed in bankruptcy filings as Visteon's largest supplier creditors.

Jabil Circuit the largest supplier creditor in Visteon bankruptcy filing 05/28/09 [Last modified: Thursday, May 28, 2009 6:50pm]
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