Visteon (NASDAQ:VC)
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Visteon Honored by General Motors as a 2004 Supplier of the Year
VAN BUREN TOWNSHIP, Mich., April 25 /PRNewswire/ -- Visteon Corporation
(NYSE:VC) was named a General Motors (GM) Supplier of the Year for its overall
business performance in providing GM with world-class climate parts and
services. The award was given during ceremonies Saturday, April 23, at the
General Motors Vehicle Engineering Center in Warren, Mich.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )
"Our Supplier of the Year winners are the Best of the Best, and Visteon is part
of this elite group based on its outstanding performance in 2004," said Bo
Andersson, vice president, GM Global Purchasing and Supply Chain. "Its
balanced focus on performance and behavior supports GM's priorities, and make
it a role model for suppliers worldwide."
"We are honored to be named a Supplier of the Year by this important customer
and the world's largest automaker," said Todd Sheppelman, Visteon vice
president and general manager of the General Motors Customer Business Group.
"We have taken time to understand what GM expects, focused our climate
engineering and manufacturing resources to develop innovative solutions and
concentrated on executing high-quality production."
The GM Supplier of the Year award began as a global program in 1992. Winners
are selected by a global team of executives from purchasing, engineering,
manufacturing and logistics, who base their decisions on supplier performance
in quality, service, technology and price. This year, General Motors honored
78 suppliers for their excellence throughout 2004.
Visteon is focused on applying technology and delivering innovative interior,
climate, electronics and lighting products that enhance the in- vehicle
experience and help automakers make their products distinctive. Visteon's
climate products are focused on managing temperatures -- under the hood and in
the passenger compartment. But managing temperature at Visteon means much
more. From the technology applied to keep passengers cool to underhood
components, the focus is on reducing weight, power consumption and impact on
the environment, while improving the time to heat and cool. Visteon's recent
programs with GM include heating, ventilation and air conditioning (HVAC)
modules for the Chevrolet Silverado, Hummer H2 and GMC Sierra. The Chevrolet
Equinox and Saturn Vue have Visteon's HVAC and powertrain cooling modules.
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 70,000 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: Robin Pannecouk, +1-734-710-5575, , or
Melinda Czarnecki, +1-734-710-5553, , both of Visteon
Corporation
Web site: http://www.visteon.com/