Visteon ChangAn Plant committed to accelerating localization to meet the growing needs of customers

CHONGQING, December 11, 2007 — ChangAn Visteon Engine Control Systems (CVECS), a joint venture between leading automotive supplier Visteon Corporation (NYSE:VS), and ChangAn, China’s fourth largest automaker, is committed to accelerating its localization strategy to better satisfy the growing needs of its local customers.

“As Chongqing is a strategic hub for automotive and motorcycle manufacturing in China, it is a major area of business development for us,” said Mark Yales, general manager of CVECS. “In order to provide a more competitive offering to our local customers, we’ve already successfully localized our human resources and manufacturing processes, and are focusing on speeding up the localization process.”

By 2009, CVECS expects its design engineering including system design, calibration, and program leadership to be almost 100% localized. To achieve this timeline, CVECS is investing heavily in attracting, developing and training local talent by providing overseas and on-the-job training.

Furthermore, CVECS has outstanding in-house research and development capabilities in order to adapt designs to suit local customers’ requirements and market trends. It is working with leading Chinese motorcycle companies to supply cutting-edge engine management systems that will significantly improve fuel efficiency and decrease exhaust emissions, a major step toward protecting the environment. CVECS is leading the way in offering advanced technology to motorcycle manufacturers in China.

“The partnership between Visteon and ChangAn has proved to be a strategic and successful one,” said Jia Tingyue, vice president of ChangAn. “So far we are very pleased with the progress of CVECS. It will further introduce advanced technologies to Chongqing through localization, and make a significant contribution to the local auto market.”

Established in 2005, CVCES supplies products to both auto and motorcycle manufacturers in China, such as ChangAn, ChangAn Ford, Mazda and Lifan Motorcycles, and prides itself on utilizing quality systems to deliver products in a timely and consistent manner. Its current products include electronic throttle bodies, fuel delivery modules, fuel charging assembly, intake manifold, engine control units and coil on plugs.

ChangAn is one of the leading automakers in China and owns ten-plus manufacturing factories in Nanjing, Hebei, and Jiangxi, etc. It has also successfully cooperated with companies such as Ford and Suzuki to establish joint venture companies and expected to achieve a production and sales capacity of 2 million by 2010.

For more than 10 years, Visteon has been growing its presence in Asia Pacific. Today, Visteon and its affiliates operate more than 30 manufacturing facilities in the region, located throughout China, Japan, Korea, Thailand, the Philippines, and India, serving global and regional automakers. Visteon is a leader in delivering climate, interior, and electronics components and systems to its customers in what has become the fastest-growing automotive market in the world.

Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany; the company has facilities in 26 countries and employs approximately 43,000 people.