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Visteon Corporation is Added to S&P 500 Index
DEARBORN, Mich. (ots-PRNewswire) - Visteon Corporation, one of the world's largest suppliers of automotive components and systems, has been added to the Standard & Poor 500 Index. Visteon will become independent from Ford Motor Company following a planned spin-off June 28.
The corporation, which will be traded on the New York Stock Exchange under the symbol "VC," will join the Index after the close of trading on June 28. Public trading of Visteon stock will begin June 29, and the corporation will be added to the S&P Auto Parts & Equipment Industry group on the closely watched index.
In addition to its listing on the S&P 500 Index, Visteon, with 1999 sales of $19.4 billion, will rank among the top 100 companies on the Fortune 500 once it becomes independent.
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.
ots Original Text Service: Visteon Corporation Internet: http://recherche.newsaktuell.de
Web site: http://www.visteon.comOriginal-Content von: Visteon Corporation, übermittelt durch news aktuell