Tatas in negotiations to acquire stake in Visteon

Mumbai: Tata AutoComp Systems (Taco) and French auto parts maker Valeo are in preliminary stages of talks to take a stake in NYSE-listed ailing automotive supplier Visteon Corporation. The acquisition of a stake in Visteon, which was spun off from Ford Motor Company in 2005, will cost $1.5-2 billion. For Taco, a 12-year-old company that is an original equipment supplier to major domestic and multinational carmakers, the take over has a strategic fit with its operations.