VC Visteon Corporation

Visteon Joins Autosar KERPEN, Germany, July 29 /PRNewswire-FirstCall/ -- Visteon Corporation (NYSE:VC) has become the latest premium member of the Autosar partnership (AUTomotive Open System ARchitecture) -- the co-operative alliance set up by vehicle manufacturers and suppliers to develop and establish an open industry standard for automotive electronic and electrical architecture. (Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO ) Visteon is one of the world's leading innovators in the area of vehicle electronics and has driven technology developments that are expected to have a radical and significant impact on the way vehicles are designed and operated in the future. "Our involvement as a premium member of Autosar will enable Visteon to help shape the future of the motor car," said Dr. Heinz Pfannschmidt, Visteon's president for Europe and South America. "The pace of development and the impact that electronics will have in the automotive business is truly breathtaking. Visteon's membership in the Autosar partnership will ensure that we continue to be at the center of these developments." Because Visteon has developed an extensive range of technologies in a number of key automotive areas, the company expects to be a full and active participant in the Autosar project. Visteon also will contribute to many of the working groups operating within the partnership. "The automotive industry worldwide is facing many challenges," said Martin Thoone, Visteon's global director for the development of electronic products, "and electronics is very much at the heart of many of these developments. Within our cockpit-related electronics portfolio, for example, we are exploiting new platform designs for infotainment. Here, Visteon is targeting high levels of design and development re-use across original equipment manufacturers (OEMs) with its newest open software and hardware architectures capable of deploying both internally developed and third-party middleware and applications." This approach offers the OEM benefits including lower cost, faster time- to-market and increased flexibility before and after product launch. Visteon is also developing a new generation of engine control modules that will assist its customers in meeting future global engine emissions standards and future needs for performance and drivability. Visteon is joining a growing number of OEMs within the Autosar organization, including core partners BMW, DaimlerChrysler, Ford, PSA Peugeot Citroen, Toyota and Volkswagen as well as premium members Honda, Mazda, Nissan, Porsche, Renault and Volvo together with major suppliers (see http://www.autosar.org/ ). It is expected that the first production vehicles that will incorporate elements of Autosar will be in model year 2007-8. 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 about 72,000 employees and a global delivery system of more than 200 technical, manufacturing, sales and service facilities located in 25 countries. http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO DATASOURCE: Visteon Corporation CONTACT: media, Dolores Muniz, +49-2273-595-2828, or , or Britta Lange, +49-2273-595-2667, or , or investors, Derek Fiebig, +1-313-755-3699, or , all of Visteon Corporation Web site: http://www.visteon.com/ http://www.autosar.org/

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