The New York Stock Exchange said Wednesday that common shares of auto parts supplier Visteon Corp. should be suspended from trading before the opening of Friday's session because of low trading levels.

The NYSE said the company informed the exchange that it wouldn't challenge the delisting.

The shares closed Wednesday unchanged at 7 cents, giving the company a market value of about $9.2 million. In extended trading, the shares fell another penny.

The NYSE said Visteon had previously fallen below the exchange's standard for average global market capitalization and stockholders' equity of $75 million and average closing price of at least $1 over a consecutive 30 trading-day period.

Visteon, the former parts division of Ford Motor Co., has struggled with the sharp downturn in the auto industry.

Last month it reported that its fourth-quarter loss widened to $328 million and revenue plummeted 42 percent to $1.65 billion from $2.86 billion a year earlier.

The company also announced last month that it would cut 1,000 jobs by the end of March, and couldn't promise meeting terms of its debt agreements. The company has said it would consider other cost-saving moves, including administrative cuts and delaying major purchases.