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Visteon Builds Engineering Expertise in Asia Pacific Region With Purchase of Naldec

30 September 1999

Visteon Builds Engineering Expertise in Asia Pacific Region With Purchase of Naldec

    DEARBORN, Mich., Sept. 30 -- Visteon Automotive Systems
continues to build an expert portfolio of international engineering and
production capability with the purchase of Naldec Corporation in Hiroshima,
Japan.
    Naldec engineers and manufactures advanced electronic body and safety
vehicle modules.  Acquisition of the corporation allows Visteon to establish a
manufacturing and technical base in Japan that will be leveraged throughout
the Asia Pacific Region.
    "Visteon is committed to providing vehicle manufacturers throughout the
world with leading edge engineering and design expertise and the very best
modules and systems available," said Craig Muhlhauser, president, Visteon.
"Our purchase of Naldec is crucial to our ability to effectively do this in
the Asia Pacific Region.  We are pleased to welcome the Naldec team to
Visteon."
    Visteon purchased 100 percent of Naldec from Mazda Motor Corporation for
an undisclosed sum.  Currently, the majority of Naldec's sales are to Mazda.
    Naldec's manufacturing plant in Hiroshima produces approximately 4 million
air bag, antilock brake, keyless entry, speed control and other electrical
modules annually.  The corporation employs approximately 220 people, including
about 70 engineers.
    "Visteon's acquisition of Naldec will allow us to incorporate new,
leading-edge manufacturing processes at all of our global facilities --
processes that will better serve our customers," said Roger Saillant, vice
president, Energy Transformation Systems, Visteon.  "It allows us to build our
relationship with Mazda and supports our strategy of winning the business, and
the confidence, of every major vehicle manufacturer in the world."
    With a global delivery system of more than 125 technical, manufacturing,
sales and service facilities located in 21 countries, Visteon Automotive
Systems is leveraging the talents of its 77,000 employees to deliver
innovative, consumer-driven systems solutions to its customers.