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Visteon Issues $1.2 Billion of Notes

1 August 2000

    DEARBORN, Mich. - Visteon Corporation announced Monday a public offering 
of $1.2 billion of global notes.  The transaction was yesterday today and is 
expected to close on Thursday, August 3, 2000.

    The notes have been offered in two maturities: August 1, 2005 and
August 1, 2010.  There are $500 million of the 2005 series, which will have a
coupon of 7.95 percent and was offered at a slight discount to the face
amount, indicating a yield to maturity of 7.98 percent.  The 2010 series, of
which there are $700 million, will have a coupon of 8.25 percent and were also
offered at a slight discount, indicating a yield of 8.27 percent.

    Proceeds from the sale of the securities will be used to repay outstanding
debt incurred by Visteon as a result of the company's recent independence from
Ford Motor Company.

    Visteon will be the issuer of the notes.  The global notes are SEC-
registered and Visteon has applied for their listing on the Luxembourg Stock
Exchange.  Goldman Sachs, Morgan Stanley Dean Witter and Salomon Smith Barney
are the joint bookrunning managers of the offering.

    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 a global delivery system of more than 130 technical, manufacturing, sales,
and service facilities located in 23 countries.  It has 81,000 employees
working in three business segments: Dynamics and Energy Conversion; Comfort,
Communication and Safety; and Glass.