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Visteon Announces Agreement With XM for Satellite Radio Delivery

4 January 2001

Visteon Announces Agreement With XM(TM) for Satellite Radio Delivery In the U.S.

    DEARBORN, Mich., Jan. 3 In keeping its promise to deliver
innovative technology that helps keep consumers linked to the world around
them, Visteon Corporation today announced that it has signed an
agreement with XM(TM) Satellite Radio to help bring the next
generation of audio entertainment to both drivers and passengers alike.
    By combining Visteon's vehicle systems and multimedia expertise with XM's
100-channel audio entertainment service, the two companies anticipate
providing consumers with the ability to listen to as many as 100 new radio
channels from coast-to-coast, covering such formats as music, news, talks,
sports, entertainment and children's programming, 24 hours a day, seven days a
week.
    Under terms of the agreement, Visteon and XM(TM) will partner to design,
develop, manufacture, market and license XM(TM) satellite radio technology
receivers.
    "We're excited about the possibilities that this new relationship will
bring both Visteon and XM(TM)," said John Slosar, North American and Asian
Strategic Business Unit Director of Visteon's Telematics/Multimedia Business
System.  "This agreement is just one more example of our dedication to provide
consumers with what they say they want and need.  In this case, we look
forward to providing them with radios that are capable of accepting XM's
satellite transmissions."
    In addition to excellent sound and reception quality, the satellite radio
product will display additional information for listeners, including the
channel name and number, artist and song title.
    "We look forward to working with Visteon, a world renowned supplier of
automotive technology and presenting the XM(TM) sound experience to their
automotive customers," said XM's Vice President of Retail, Marketing &
Distribution, Dan Murphy.
    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.
    XM(TM) Satellite Radio will create and package up to 100 national channels
of digital sound.  Using two high-powered satellites, the first of which is
scheduled to launch on Jan. 8, 2001, XM(TM) will provide seamless coast-to-
coast coverage of music, news, sports, talk, comedy and children's
programming.