Visteon Continues to Build Leadership in Asia-Pacific Region

Yokohama, Japan (PROTEXT) - The world's number one systemsintegrator is fast becoming Asia-Pacific's leading cockpitsupplier. With a new multi-year partnership with Mitsuboshi BeltingLtd., a prominent automotive belt and composites manufacturer inKobe, Japan, Visteon and Mitsuboshi will jointly develop,manufacture and market molded components for cockpit modules. Thealliance strengthens Visteon's product development and productioncapabilities in the region and offers a strong strategic fit witha local supplier. "We are pursuing an aggressive growth strategy in the Asia-Pacific region through strategic alliances such as the Mitsuboshiagreement," said Craig Muhlhauser, president Visteon. "This kindof partnership enables Visteon to deliver leading-edge technologyanywhere in the world." "We believe we can best serve our customers when we become anintegrated part of their regional industry. We are delighted withthe opportunities the Mitsuboshi partnership offers Visteon,"Muhlhauser concluded. Visteon's world-class systems integration capabilities offerAsia-Pacific vehicle manufacturers an opportunity to address theneeds of their customers with innovative technology systems suchas the Superintegrated Cockpit, Visteon Voice Technology,Visteon's Reconfigurable Projected Image Display, and itsInformation, Communication, Entertainment, Safety and Security(ICES) in-car computing platform. Over the next five years, Visteon and Mitsuboshi will jointlydevelop components such as instrument panels that can beintegrated into Visteon's superintegrated cockpit modules. Thepartnership offers Visteon a regional manufacturing base fromwhich to ship the highly integrated modules to Japanese and otherAsia-Pacific vehicle manufacturers. Visteon was recently named the leading systems integratoramong all automotive suppliers in the Automotive Industries 1999"Quest for Excellence" survey of 1,800 professionals in theautomotive industry. Manufacturers ranked Visteon especiallyfavorable in quality -- consistently meeting or exceedingcustomers' standards -- and in providing consistent, dependabledelivery of products and services. Visteon recently announced it had acquired Duck Yang IndustryCo., Ltd., and instrument panel manufacturers in South Korea,with similar intentions. Mistuboshi's components will be manufactured at plants inNagoya and Kanagawa Prefecture. The Chemical and AutomotiveComponents Divisions of Mitsuboshi Belt operates the plants.Visteon will integrate the Mitsuboshi components into its cockpitmodules before shipping them to customers. Visteon anticipates its rapid expansion into the Asia-Pacificregion will allow it to work closely with regional vehiclemanufacturers as they develop concepts like a world car thatwould be developed in Japan and marketed abroad. With a global delivery system of nearly 125 technical,manufacturing, sales and service facilities located in 21countries, Visteon is leveraging the talents of its 77,000employees to deliver innovative, consumer-driven systemssolutions to its customers. Visteon news releases and photographs and productspecification details are available on the Visteon media web siteat ( http://www.visteon.com ). ots Original Text Service:Visteon Automotive Systems Internet: http://www.newsaktuell.deContact: Media Inquiries, Cheryl Eberwein (USA) 313-248-6321, orceberwei@visteon.com, or Analyst Inquiries, Kent Niederhofer(USA) 313-390-1467, or kniederh@visteon.com, or Fax (USA) 313-845-9111, both of Visteon Automotive Systems Web site:http://www.visteon.com

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