Visteon Wins Satellite Radio Business With Hyundai
February 28 2006 - 8:31AM
PR Newswire (US)
VAN BUREN TOWNSHIP, Mich., Feb. 28 /PRNewswire/ -- Visteon
Corporation (NYSE:VC) has won a contract to supply satellite radio
systems on Hyundai Motor America's Sonata. The system will include
standard XM Satellite Radio and will be offered on the Sonata later
this year. Hyundai is the first automaker to add standard XM
Satellite Radio to its full vehicle lineup. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO ) "Visteon
is extremely proud to have been awarded this business and to
further our electronics growth with Hyundai," said Chris
Filipowicz, director of Visteon's Asian customer business groups,
North America. "We are delighted to support Hyundai in their quest
to offer the consumer the latest in audio entertainment and further
heighten the driving experience." XM Satellite Radio, with more
than 6 million subscribers, provides listeners with 160 digital
channels of coast-to-coast coverage of commercial- free music; plus
premier sports; talk; comedy; children's and entertainment
programming; and traffic and weather information. Among the Visteon
content on the Sonata is Visteon's award-winning AM/FM/Single CD
Player/Radio. Visteon also supplies cockpit modules on the Hyundai
Santa Fe, Tiburon, and Elantra models; instrument panels on the
Sonata, and Accent models; and climate systems on the Santa Fe and
Sonata. The cockpit modules and instrument panels are produced by
Visteon's interior joint venture Duck Yang Industry Co., Ltd. while
the heating, ventilation and air conditioning systems are produced
by Visteon's climate systems affiliate, Halla Climate Control
Corp., both located in South Korea. 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 more than 170 facilities in 24
countries and employs approximately 50,000 people. First Call
Analyst: FCMN Contact:
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO DATASOURCE:
Visteon Corporation CONTACT: Media Inquiries: Melissa Andrade,
+1-734-710-5546, cell: +1-313-378-5935, , or Julie Vangel,
+1-734-710-5589, , both of Visteon Corporation Web site:
http://www.visteon.com/
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