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Visteon Corporation Wins Mach(R) Satellite Digital Radio Contract With Ford Motor Company
Dearborn, Mich. (ots-PRNewswire) - Visteon's MACH(R) Satellite Digital Radio To Receive Sirius Satellite Radio Broadcasts
Visteon Corporation (NYSE: VC) today announced that it has secured a contract to develop and supply its MACH(R) Satellite Digital Audio Radio System for an undisclosed future Ford Motor Company (NYSE: F) vehicle.
"This business underscores our long-standing and strong relationship with the automaker, as well as our expertise with automotive audio applications," said John Slosar, director of Visteon's North American and Asian Strategic Business Unit within the corporation's Telematics/Multimedia business system.
To bring this technology to the vehicle, Visteon has established a strategic partnership with Sirius Satellite Radio (Nasdaq: SIRI) to provide motorists with the ability to receive satellite radio broadcasts, including up to 100 channels of digital-quality radio coast-to-coast throughout the continental United States. Sirius will broadcast from its three orbiting satellites to Visteon's MACH(R) Satellite Digital Audio Radio System 50 channels of commercial-free music in virtually every genre, and up to 50 channels of news, sports, talk, comedy and children's programming.
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.
This press release contains forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "estimated" and "potentially" signify forward-looking statements. Forward- looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties, some of which are and will be identified as "Risk Factors" in Visteon's SEC filings. See "Risk Factors" section of Visteon's prospectus dated June 13, 2000 as filed with the SEC on June 14, 2000. Should any risks and uncertainties develop into actual events, these developments could have material adverse effects on Visteon's business, financial condition and results of operations.
ots Original Text Service: Visteon Corporation Internet: http://recherche.newsaktuell.de
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Web site: http://www.visteon.comOriginal-Content von: Visteon Corporation, übermittelt durch news aktuell