VAN BUREN TOWNSHIP, Mich.,
May 16, 2013 /PRNewswire/
-- Halla Visteon Climate Control Corp. (HVCC), a global
supplier of automotive climate products that is 70 percent owned by
Visteon Corporation (NYSE: VC), will be added to the MSCI Korea
Index, effective at the close of the trading day on May 31, the MSCI announced. HVCC becomes one of
104 companies in Korea on the MSCI (Morgan Stanley Capital
International) Index.
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The MSCI Korea Index is a widely known, free float-adjusted
market capitalization weighted index that is designed to measure
the performance of the South Korea
equity market. It is a component of the MSCI AC Asia ex Japan
Index, which is part of the broader MSCI Global Standard Indices.
The addition of HVCC to the Korea Index is among the changes
announced by MSCI on May 15 as part
of its semi-annual review of its various indices.
MSCI Inc., which oversees the Global Standard Indices, is a
leading provider of investment decision support tools to investors
globally, including asset managers, banks, hedge funds and pension
fund.
About Visteon
Visteon is a leading global automotive supplier delivering value
for vehicle manufacturers and shareholders through a family of
businesses including:
- Halla Visteon Climate Control, majority-owned by Visteon and
the world's second-largest global supplier of automotive climate
components and systems.
- Visteon Electronics, a leading supplier of audio and
infotainment, driver information, center stack electronics and
feature control modules.
- Visteon Interiors, a global provider of vehicle cockpit
modules, instrument panels, consoles and door trim modules.
- Yanfeng Visteon Automotive Trim Systems Co., Ltd., a successful
non-consolidated China-based
partnership between Visteon and Shanghai Automotive Industry
Corporation's automotive components group, Huayu Automotive
Systems.
Through this family of enterprises, Visteon designs, engineers
and manufactures innovative components and systems for virtually
every vehicle manufacturer worldwide, and these businesses
generated $13.8 billion in sales in
2012, including non-consolidated operations. With corporate offices
in Van Buren Township, Mich.
(U.S.); Shanghai, China; and
Chelmsford, UK; Visteon has
facilities in 29 countries and employs through its various
businesses, including non-consolidated operations, approximately
55,000 people. Learn more at www.visteon.com.
SOURCE Visteon Corporation