Visteon Expands Role As Leading Global Cockpit Supplier With New Partnership In South Korea

Dearborn, Mich. (PROTEXT) - In response to growing demand for its world-class systems integration capabilities, Visteon Automotive Systems is forming a new partnership with Duck Yang Industry Co., Ltd., the largest supplier of instrument panels in South Korea. The acquisition of a controlling interest in Duck Yang will allow Visteon to further build its global cockpit systems business and increase its presence in the Asia-Pacific region. Visteon is the largest cockpit supplier in the world. Duck Yang currently produces about 1.4 million instrument panels annually and is the sole instrument panel supplier to Hyundai Motor Corp. "We are extremely pleased with this new business relationship," said Craig Muhlhauser, president, Visteon. "Our partnership with Duck Yang will allow us to offer customers in South Korea and throughout Asia-Pacific a new interior systems solution. By combining Duck Yang's manufacturing and management capabilities with Visteon's global engineering and technology expertise, we can offer customers superior design, unsurpassed quality and the most advanced vehicle systems available." Duck Yang employs approximately 875 people in three manufacturing facilities in South Korea. It was incorporated in 1977 and is listed on the Korean stock exchange. "We are committed to meeting the needs of our regional customers and growing our interior systems business around the world," said Steve Delaney, vice president, Interior and Exterior Systems. "Our new association with Duck Yang will help us achieve Visteon significant growth in the Asia-Pacific region. We want to be known as more than the leading systems integration supplier. We want to be known for our consumer insight, for our world-class technology solutions." With a global delivery system of more than 125 technical, manufacturing, sales and service facilities located in 21 countries, Visteon Automotive Systems is leveraging the talents of its 77,000 employees to deliver innovative, consumer-driven systems solutions to its customers. ots Original Text Service: Visteon Automotive Systems Internet: http://www.newsaktuell.de Contact: Media Inquiries, Cheryl Eberwein (USA) 313-248-6321, e- mail, ceberwei@visteon.com, or Analyst Inquiries, Kent Niederhofer (USA) 313-390-1467, or e-mail, kniederh@visteon.com, both of Visteon Automotive Systems Web site: http://media.visteon.com Web site: http://www.visteon.com Subscribers please note that material bearing the slug "PROTEXT" is not part of CTK's news service and is not to be published under the "CTK" slug. Protext is a commercial service providing distribution of press releases from clients, who are identified in the text of Protext reports and who bear full responsibility for their contents. PROTEXT