Visteon Opens New Automotive Technical Center Facility in Chihuahua, Mexico

Date: 25 August 2004

Visteon Corporation (NYSE: VC) is enhancing its competitiveness and performance with the opening of a new automotive technical center and office facility today in the city of Chihuahua, Mexico.

The 5,000-square-meter facility will accommodate specific needs for vehicle component design activities and administrative operations in the region. This building will house approximately 200 engineers, technicians and other employees.

Last February, Visteon announced the construction of its new Mexico Technical Center adjacent to property of the Instituto Tecnologico de Estudios Superiores de Monterrey (ITESM), Chihuahua Campus. The strategic alliance between Visteon and the ITESM demonstrates the company's commitment to performance and competitiveness in the Mexican automotive market.

"The opening of the technical center today represents our commitment and dedication to being a performance-driven and competitive company worldwide," said Jim Orchard, Visteon executive vice president and president of North American operations, who attended the opening event. "Our partnership with ITESM will enable us to leverage their expertise so that we may enhance our automotive design and development capabilities. And, we want to thank the government of Chihuahua for its support and help over the last four years to carry out this major program."

Joining Orchard at the opening event were the governor of the state of Chihuahua, Patricio Martinez; and the secretary of industry development of the State of Chihuahua, Francisco Uranga. On behalf of the ITESM, president of the board, Federico Terrazas, attended, as well as the ITESM system dean, Rafael Rangel Softman; dean of the North Region ITESM, David Noel Ramirez; and principal of the ITESM Campus Chihuahua, professor Victor Gutierrez.

Visteon's Technical Center Mexico (VTCM), which is managed by Maximo Vargas, the facility's director, houses engineers who design and engineer automotive products for current and future vehicle models. In addition, these engineers collaborate with Visteon manufacturing plants both in the region and abroad to help support programs all over the world.

600450 Visteon Opens New Automotive Technical Center Facility in Chihuahua, Mexico

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