EX-99.1 3 k68443ex99-1.txt PRESS RELEASE DATED MARCH 26, 2002 EXHIBIT 99.1 NEWS RELEASE Contact(s): Media Inquiries: Visteon Corporation Greg Gardner Public Affairs 313-755-0927 5500 Auto Club Drive ggardne9@visteon.com Dearborn, Michigan 48126 Facsimile: 313-755-7983 Investor Inquiries: Derek Fiebig 313-755-3699 dfiebig@visteon.com [VISTEON LOGO] VISTEON AFFIRMS FIRST QUARTER EXPECTATIONS DEARBORN, Mich., March 26, 2002 -- At the Morgan Stanley Global Automotive Seminar today, Visteon Corporation (NYSE: VC) executives said they expected First Quarter earnings to be about breakeven -- in line with analysts' expectations. They estimated full-year net income of breakeven to $50 million, based on current volume estimates. Both estimates exclude restructuring charges previously estimated at about $150 million pre-tax. 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 79,000 employees and a global delivery system of more than 160 technical, manufacturing, sales and service facilities located in 25 countries. This press release contains forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "estimated" and "potentially" signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in our Current Reports on Form 8-K filed with the Securities and Exchange Commission on February 27, 2001 and January 8, 2002. Should any risks and uncertainties develop into actual events, these developments could have material adverse effects on Visteon's business, financial condition and results of operations. ### Visteon news releases, photographs and product specification details are available at www.visteon.com