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

Dearborn, Mich. (PROTEXT) - In response to growing demand forits world-class systems integration capabilities, VisteonAutomotive Systems is forming a new partnership with Duck YangIndustry Co., Ltd., the largest supplier of instrument panels inSouth Korea. The acquisition of a controlling interest in Duck Yang willallow Visteon to further build its global cockpit systemsbusiness and increase its presence in the Asia-Pacific region.Visteon is the largest cockpit supplier in the world. Duck Yangcurrently produces about 1.4 million instrument panels annuallyand is the sole instrument panel supplier to Hyundai Motor Corp. "We are extremely pleased with this new businessrelationship," said Craig Muhlhauser, president, Visteon. "Ourpartnership with Duck Yang will allow us to offer customers inSouth Korea and throughout Asia-Pacific a new interior systemssolution. By combining Duck Yang's manufacturing and managementcapabilities with Visteon's global engineering and technologyexpertise, we can offer customers superior design, unsurpassedquality and the most advanced vehicle systems available." Duck Yang employs approximately 875 people in threemanufacturing facilities in South Korea. It was incorporated in1977 and is listed on the Korean stock exchange. "We are committed to meeting the needs of our regionalcustomers and growing our interior systems business around theworld," said Steve Delaney, vice president, Interior and ExteriorSystems. "Our new association with Duck Yang will help us achieveVisteon significant growth in the Asia-Pacific region. We want tobe known as more than the leading systems integration supplier.We want to be known for our consumer insight, for our world-classtechnology solutions." With a global delivery system of more than 125 technical,manufacturing, sales and service facilities located in 21countries, Visteon Automotive Systems is leveraging the talentsof its 77,000 employees to deliver innovative, consumer-drivensystems solutions to its customers. ots Original Text Service:Visteon Automotive Systems Internet: http://www.newsaktuell.deContact: Media Inquiries, Cheryl Eberwein (USA) 313-248-6321, e-mail, ceberwei@visteon.com, or Analyst Inquiries, KentNiederhofer (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

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