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Contact(s): Media Inquiries: Visteon Corporation
Denise Bither Public Affairs
313-755-4063 5500 Auto Club Drive
[email protected] Dearborn, Michigan 48126
Facsimile: 313-755-7983
Investor Inquiries:
Kent Niederhofer
313-755-3699
[email protected]
[VISTEON LOGO]
VISTEON TAKES ACTION TO PROTECT VOICE VENTURE
DEARBORN, Mich., October 13, 2000 - Today Visteon Corporation (NYSE:VC) filed an
action to enforce its joint venture with Lernout and Hauspie. The action was
filed in Suffolk County Superior Court in Massachusetts. On May 25, 2000,
Visteon and L&H entered into a joint venture where the parties agreed to
exclusively work together to combine Visteon's expertise in automotive speech
design and integration and L&H's full range of speech technologies to develop
automotive applications.
"Visteon signed this agreement in good faith and has invested substantial
resources to make this venture a success," said Stacy Fox, Visteon's Senior Vice
President and General Counsel. "We stand by our agreement with L&H and we expect
them to do the same."
Visteon Corporation is a leading full-service supplier that delivers
consumer-driven technology solutions to automotive manufacturers worldwide and
through multiple channels within the global automotive aftermarket. Visteon has
a global delivery system of more than 130 technical, manufacturing, sales, and
service facilities located in 23 countries. It has 81,000 employees working in
three business segments: Dynamics and Energy Conversion; Comfort, Communication
and Safety; and Glass.
This press release contains forward-looking statements made pursuant to the
Private Securities Litigation Reform Act of 1995. Words such as "expect" signify
forward-looking statements. Forward-looking statements are not guarantees of
future results.
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are available at www.visteon.com
