Visteon's First Year as a Public Corporation - One of Performance and Delivery

VISTEON LOGO
Visteon Corporation Logo. (PRNewsFoto)[PM]
DEARBORN, MI USA 12/01/2000
    FRANKFURT, Germany, Sept. 12 In its first year as an
independent company, Visteon Corporation has continued the rapid
pace set at its launch at the Frankfurt Motor Show in 1997.  The resulting
success has come through global business wins driven by the development and
introduction of new, innovative systems.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )
    "It's been a year since Visteon became an independent, publicly traded
company -- June 29, 2000 to June 29, 2001.  We've turned in a solid operating
performance in a tough environment and exceeded our projections.  As matter of
fact, our corporate performance exceeded first-year financial goals at every
turn," said Peter J. Pestillo, Visteon Chairman and Chief Executive Officer.
"We now have a new customer-facing organization and our European customers
will see the benefits of this change moving forward."
    In 2000, Visteon saw a 45 percent growth in earnings; booked more than
$2.6 billion in new business, with 37 percent being non-Ford business; reduced
costs by nearly $600 million and improved quality by 63 percent.
Additionally, Visteon returned nearly 40 percent to its shareholders in the
first year.
    In the first six months of 2001, Visteon secured more than $1.2 billion of
new business.  The corporation continues to expand its customer base with non-
Ford business.  By the close of the first half of 2001, new business already
had exceeded the total non-Ford business from the previous year.  These new
business wins cover a wide range of products that improve fuel economy, safety
and provide increased personalization.
    Visteon's new customer-facing organization combined with engineering
expertise strengthens the corporation's ability to leverage differentiating
technology and integrated systems solutions in Europe.  Today, Visteon is a
strong European competitor in terms of cockpits, climate control, electronics
and multimedia products.
    Visteon is a global supplier serving 19 automakers with products on
vehicles in nearly every region of the world.  The growing global customer
base reinforces the company's commitment to customer support.

    *  In Europe, Visteon secured additional business with Fiat Auto for
multimedia systems, instrument clusters and electronic systems in a future
passenger car program.
    *  In South America, Visteon supplies PSA Peugeot-Citroen with instrument
panels for the Peugeot 206 in the Argentinean and Brazilian markets.
Additionally, the Citroen Xsara Picasso, recently launched in Brazil, will
carry Visteon instrument panels and center consoles.

    In addition, Visteon's first-year of product delivery and technology
innovations include:

    *  Teaming up with General Motors to launch the automotive industry's
first factory-installed Digital Versatile Disc (DVD) Rear Seat Entertainment
system.  The innovative system, which allows passengers in the rear seat to be
entertained while drivers remain focused on the road, is available on the 2002
Chevy Trailblazer, GMC Envoy and Oldsmobile Bravada mid-sized SUVs.
    *  Announcing it would supply Nissan with full cockpit and front-end
modules and provide climate control systems integration for future truck
platforms.  Visteon will supply and integrate the complex components included
in the cockpit module to ensure the highest quality, while helping to reduce
weight and cost.
    *  Securing a contract with General Motors to deliver the auto industry's
first integrated, in-vehicle Bluetooth(TM) technology.  Once again, Visteon
proves its integration and engineering expertise by demonstrating its
Bluetooth(TM)-enabled, multimedia head unit for an undisclosed future vehicle
platform.  The system will provide wireless connectivity to information
contained in the vehicle's cell phones, and Personal Digital Assistants (PDA)
with Visteon Voice Technology(TM) serving as the human-machine interface.
    *  Unveiling a Slip-in-Tube Driveshaft -- another innovation that
illustrates leadership in new product concept, design, development and
engineering.  This first-of-its-kind technology can help reduce weight and
noise and increase vehicle safety, and will be found on a future light-duty
vehicle platform.

    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 about 80,000 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 our SEC filings.  See "Risk Factors"
section of our 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 our business,
financial condition and results of operations.

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