Visteon Raises Second Quarter and Full Year Expectations

DEARBORN, Mich., May 20 While presenting at a Goldman Sachs Conference today, Visteon Corporation executives said they expect Second Quarter net income between $60 and $70 million. For full year 2002, the company expects net income of $25 to $75 million, excluding special items. The company also expects to generate positive operating cash flow for both the Second Quarter and full year.

Current analyst consensus expectations are approximately $40 million for Second Quarter and $30 million for the full year 2002. The company had previously provided projections for net income of $20 to $40 million for the Second Quarter of 2002 and breakeven to $50 million for the full year 2002.

Visteon earned $60 million in the Second Quarter of 2001 and $3 million for the full year 2001, excluding special items.

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 79,000 employees and a global delivery system of more than 180 technical, manufacturing, sales and service facilities located in 25 countries.