Visteon (NASDAQ:VC)
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Visteon Wins Satellite Radio Business With Nissan
DEARBORN, Mich., March 9 /PRNewswire-FirstCall/ -- Visteon Corporation has won
a contract to supply satellite radio systems for a variety of future Nissan
Motor Co. models for both the Nissan and Infiniti divisions in North America.
The system will accommodate either XM Radio or SIRIUS Satellite Radio.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )
While the auto industry has wrestled with the issue of hardware compatibility
for satellite radio, Visteon developed the capability of providing a single
receiver architecture that works with the two most prominent service providers.
Visteon's satellite radio system will be offered across multiple Nissan and
Infiniti car lines beginning in 2005. "This is an important business win for
Visteon," said John Engebretson, director of Visteon's Nissan customer business
group. "This is our first audio business with Nissan, and it represents an
opportunity to build on a relationship with one of our fastest- growing
customers."
The single-design packaging solution was developed to give both automakers and
consumers more flexibility. Visteon's customer and consumer research shows that
consumers want to personalize their automobile and have a choice of satellite
radio service providers. Automakers want to meet the needs of consumers
cost-effectively. Visteon's commitment to helping customers differentiate their
vehicles is resulting in continued innovation and the development of
cost-effective solutions.
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 180 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, +1-313-755-9121, , or
Greg Gardner, +1-313-755-0927, , both of Visteon
Corporation
Web site: http://www.visteon.com/