Visteon Announces Joint Venture to Supply Integrated Cockpit & Front End Modules to Nissan

VISTEON LOGO
Visteon Corporation Logo. (PRNewsFoto)[PM]
DEARBORN, MI USA 12/01/2000
    DEARBORN, Mich., July 17 Visteon Corporation
today announced that it has entered into an agreement to form a joint venture
with Lextron Corporation, to supply integrated cockpit modules and front-end
modules to Nissan, for future truck and minivan platforms.
   (Photo:  http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )
    Based in Jackson, Mississippi, Lextron Corporation is a nationally
certified minority supplier that manufactures products for the automotive,
telecommunications and defense industries.
    The new joint venture, to be named Lextron/Visteon Automotive Systems,
will be housed in a 97,500-square-foot facility to be built within 100 yards
of the new Nissan facility in Canton, Mississippi.
    "By synergizing the best of both Lextron and Visteon, we believe that the
prospects are great for providing the highest standard of quality to Nissan,
while utilizing the most cost effective delivery system," said Charles Doty,
Lextron President and Chief Executive Officer.  "I am proud to be part of this
partnership with Visteon.  This is a win-win opportunity."
    Visteon will be responsible for all the design, development, engineering
and technical assistance in the venture, while Lextron brings its extensive
manufacturing and management capability to the partnership.
    "We're very excited about this joint venture with Lextron, and the
opportunity to build our relationship with Nissan," said Michael Johnston,
Visteon President and Chief Operating Officer.  "Supplying integrated cockpit
modules and front-end modules will allow us to reduce the weight and cost of
the system while improving quality."
    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 which are and
will be identified as "Risk Factors" in Visteon's SEC filings.  See "Risk
Factors" section of Visteon's prospectus dated June 13, 2000 as filed with the
SEC on June 14, 2000.  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.