Visteon Factories Taken Over By Ford Motor Company

Recently, the Ford Motor Company took over 23 Visteon factories. Visteon is a producer of automotive parts that sells many of it's parts to Ford. Ford plans to cut jobs within the factories by reorganizing. The facilities will continue to produce parts and provide them to Ford. The reorganizing will lower hourly wages from $38 to $17 and will cut employees from 17,400 to 5,000.

How do you think this restructuring will effect our economy? Do you think Ford made a good decision in purchasing these businesses given the recent automotive industry market? Do you think this purchase will increase Ford's profits or hurt them?