Visteon Corporation Holds First Annual Stockholder Meeting, Announces Stock Repurchase to Fund Employee Incentive Plans

    DEARBORN, Mich., May 9 Visteon Corporation held
its first annual meeting of stockholders today at the Villanova Conference
Center in Radnor, PA.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )
    At the meeting, Visteon shareholders re-elected Steven K. Hamp and Robert
M. Teeter to the company's Board of Directors.  The shareholders also approved
adoption of incentive plans for employees and non-employee directors.
Visteon Chairman and CEO Peter J. Pestillo announced that the company intends
to repurchase common stock over the next 12 months to fund awards in 2001 and
2002 under these plans.  The repurchase is estimated at approximately $60
million (depending on market price and conditions), and avoids the dilution
that would result from awarding newly issued shares.
    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 25 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 these risks
and uncertainties are identified in our Current Report on Form 8-K filed with
the Securities and 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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