EX-99.1 2 k57912ex99-1.txt PRESS RELEASE DATED 10/13/2000 1 Contact(s): Media Inquiries: Visteon Corporation Denise Bither Public Affairs 313-755-4063 5500 Auto Club Drive dbither@visteon.com Dearborn, Michigan 48126 Facsimile: 313-755-7983 Investor Inquiries: Kent Niederhofer 313-755-3699 kniederh@visteon.com [VISTEON LOGO] VISTEON TAKES ACTION TO PROTECT VOICE VENTURE DEARBORN, Mich., October 13, 2000 - Today Visteon Corporation (NYSE:VC) filed an action to enforce its joint venture with Lernout and Hauspie. The action was filed in Suffolk County Superior Court in Massachusetts. On May 25, 2000, Visteon and L&H entered into a joint venture where the parties agreed to exclusively work together to combine Visteon's expertise in automotive speech design and integration and L&H's full range of speech technologies to develop automotive applications. "Visteon signed this agreement in good faith and has invested substantial resources to make this venture a success," said Stacy Fox, Visteon's Senior Vice President and General Counsel. "We stand by our agreement with L&H and we expect them to do the same." 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 a global delivery system of more than 130 technical, manufacturing, sales, and service facilities located in 23 countries. It has 81,000 employees working in three business segments: Dynamics and Energy Conversion; Comfort, Communication and Safety; and Glass. This press release contains forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "expect" signify forward-looking statements. Forward-looking statements are not guarantees of future results. ### Visteon news releases, photographs and product specification details are available at www.visteon.com