Visteon Corporation

Visteon Corporation unveils enhanced customer-focused corporate structure

Dearborn, Michigan (ots-PRNewswire) - Visteon Corp. (NYSE: VC) announced today the general outline of its new, customer-facing structure. The company disclosed last December that it would create the new structure to better serve its customers and to streamline the newly public, global systems integrator. (Photo: "Visteon's structure worked well when it was emerging from a single- customer focus," said Visteon President and Chief Operating Officer Michael Johnston. "Our new structure will be more efficient and respond more quickly to all our customers' needs." In the new organization, Visteon is divided into two business regions. Regional presidents will head the company's Europe/South America and North America/Asia-Pacific operations. Customer teams are being formed in each region and will be located in close proximity to improve service and speed up decision-making. Manufacturing, product development and materials management and staff functions will be centralized in order to leverage synergies, share best practices and reduce cost. More details will be released as they become available. 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 81,000 employees and a global delivery system of more than 130 technical, manufacturing, sales, and service facilities located in 23 countries. 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. Note To Editors: Visteon news releases, photographs and product specification details are available at ots Original Text Service: Visteon Corporation Internet: Contact: Media Inquiries: Gordon Cole, +1-313-755-4063, , or Investor Inquiries: Kent Niederhofer, +1-313-755-3699, , both of Visteon Corporation/ /Photo: NewsCom: Photo Desk, +1-888-776-6555 or +1-201-369-3467/ / Web site: Original-Content von: Visteon Corporation, übermittelt durch news aktuell

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