Volkswagen Agreement Helps Visteon Build a Strong Customer Base Around the World

Duren/Cologne, Germany 29. prosince (PROTEXT) - Visteon AutomotiveSystems has forged an important new relationship with Volkswagen A.G.as part of its goal of offering leading-edge technology components andsystems to global vehicle manufacturers. Visteon has secured a contract with Volkswagen in Germany toannually manufacture and ship more than 1.1 million transmissioncomponents to the auto manufacturer's transmission plant in Kassel.Visteon's Duren plant will manufacture up to 4,800 drive shaft bevelgears and differential pinions per day. So far this year, Visteon has won $1.7 billion worth of newbusiness contracts; 36 percent of the contracts are with customersother than Ford Motor Company and 37 percent of the contracts were wonoutside of North America. Visteon is on track to achieve a goal ofobtaining 20 percent of revenue from customers other than Ford by2002. Visteon supplies components and systems to nearly every vehiclemanufacturer in the world and will continue to expand theserelationships by offering them leading-edge, consumer-driven systemssolutions, and unparalleled design and engineering capabilities. Visteon competed against several other suppliers to win the long-term contract from Volkswagen. Visteon employs around 4,000 people inGermany -- in Aachen, Berlin, Duren, Cologne, Pulheim-Brauweiler,Morfelden-Walldorf near Frankfurt, Munich, Saarlouis, Stuttgart,Wolfsburg and Wulfrath. 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 77,000employees to deliver innovative, consumer-driven systems solutions toits customers. Visteon news releases and photographs are available on the Visteonweb site at http://www.visteon.com ots Original Text Service: VisteonAutomotive Systems Internet: http://www.newsaktuell.de Contact:Dolores Muniz, +32-0-2720-96-12, fax, 32-0-2720-96-12,dmuniz@visteon.com, or Cheryl Eberwein, (USA) 313-248-6321,ceberwein@visteon.com both of Visteon Automotive Systems Web site:http://www.visteon.com

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