Visteon Debt Rating Confirmed By Moody's

    DEARBORN, Mich., May 1 Visteon Corp. is pleased
that Moody's Investor Service has confirmed its debt ratings.  Moody's
statement recognized Visteon's relatively strong capital structure and the
potential for earnings and cash flow generation from growth in non-Ford
business and ongoing cost reductions.  However, Chairman and Chief Executive
Officer, Peter J. Pestillo, said he was disappointed that Moody's changed the
outlook from stable to negative.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )
    "Our interpretation is that this reflected overall concern about industry
volume, continued pricing pressure, and the need for further cost reductions.
These are not new concerns.  We believe our First Quarter results, combined
with the actions we've taken to restructure the business and cut discretionary
spending are indicative of the substantial progress we are making," said
Pestillo.
    Visteon recently announced earnings of $31 million, or $0.24 per share,
for the First Quarter and that it ended the quarter with $1.1 billion in cash
and marketable securities.  Visteon also announced $777 million in new
business for the quarter, including record new business wins with customers
outside of Ford.  Combined with past success, Visteon said it had built a
backlog of approximately $4.6 billion in new business, which is up $1.1
billion from the previous year.
    Visteon Corporation is a leading full-service supplier that delivers
consumer-driven technology solutions to automotive manufacturers worldwide and
through multiple channels within the global automotive aftermarket.  Visteon
has 82,000 employees and a global delivery system of more than 130 technical,
manufacturing, sales, and service facilities located in 23 countries.
    This press release contains forward-looking statements made pursuant to
the Private Securities Litigation Reform Act of 1995.  Words such as
"estimated" and "potentially" signify forward-looking statements.  Forward-
looking statements are not guarantees of future results and conditions but
rather are subject to various risks and uncertainties, some of which are and
will be identified as "Risk Factors" in Visteon's SEC filings.  Some of these
risks and uncertainties are identified in our Current Report on Form 8-K filed
with the Securities Exchange Commission on February 27, 2001.  Should any
risks and uncertainties develop into actual events, these developments could
have material adverse effects on Visteon's business, financial condition and
results of operations.

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