Visteon Said New Non-Ford Business Helps Bottom Line.

While presenting at a recent Credit Suisse First Boston Conference, Visteon Corp. executives reaffirmed third quarter and full year 2002 expectations that the company disclosed along with its second quarter financial results. Consistent with its previous estimate, Visteon expects a Third Quarter 2002 net loss of $30 to $45 million, excluding charges related to previously disclosed restructuring actions.

For full year 2002, the company expects net income of $50 to $80 million, excluding charges related to previously disclosed special items. Full year net income under generally accepted accounting principles, which includes previously announced restructuring actions as well as the first quarter $265 million write-off of goodwill, is projected to be a loss of $310-350 million.

The company also expects to generate positive operating cash flow of $175 to $250 million for the full year 2002. Operating cash flow includes capital expenditures and excludes cash paid for dividends and restructuring actions.

The company expects to exceed its goal of securing $1 billion in net, non- Ford new business by the end of the year. Through August, Visteon has secured nearly $900 million in net, non-Ford new business.