Visteon Withdraws Full-Year 2008 Guidance

VAN BUREN TOWNSHIP, Mich., December 19, 2008: Visteon Corporation, a global automotive supplier, announced it is withdrawing its full-year 2008 financial guidance in light of the larger than anticipated declines in global vehicle production and overall industry uncertainty.

"Given that ongoing economic pressures have continued to significantly reduce our customers' production schedules across the globe, Visteon is withdrawing its previously issued 2008 financial guidance," said Donald J. Stebbins, chairman and chief executive officer. "We have taken aggressive actions over the past three years to restructure and improve our business," Stebbins said, "and we continue to take the actions necessary to align our manufacturing capacity and cost structure with the rapidly changing economic and market environment."

Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany; the company has facilities in 27 countries and employs approximately 35,500 people.