Visteon Completes Reorganization and Emerges from Chapter 11 with Significantly Improved Capital Structure

Global automotive supplier positioned for growth with strong product lines and global footprint

VAN BUREN TOWNSHIP, Michigan, October 1, 2010 - Visteon Corporation announced today it has completed its reorganization
and emerged from the U.S. Chapter 11 process. With its significantly improved
capital structure, the company is well-positioned for profitable and
sustainable growth.

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Visteon completed all conditions of its plan of reorganization, which was
confirmed by the U.S. Bankruptcy Court on Aug. 31 after overwhelming approval
by all creditor and shareholder classes. Visteon emerged with a stronger
balance sheet and about US$2.1 billion less consolidated debt than when the
company and certain of its affiliates voluntarily filed for Chapter 11 in the
U.S. on May 28, 2009.

"Today marks a new beginning for Visteon, an opportunity to truly
capitalize on the many operational and financial improvements achieved before
and during the reorganization process," said Donald J. Stebbins, who
continues as chairman, chief executive officer and president. "I thank our
employees who worked tirelessly throughout our reorganization. Additionally,
I am extremely grateful to our customers, suppliers, secured lenders,
bondholders and many others for their support throughout this difficult
process."

Visteon improved its capital and cost structure significantly during the
Chapter 11 process, reducing consolidated debt from approximately US$2.7
billion at the time of the filing to about US$600 million today - a level
that allows Visteon to be very competitive in the Tier 1 automotive supplier
industry.

"The new Visteon is focused on four strong product lines - climate,
electronics, interiors and lighting," Stebbins said. "We have an outstanding
global manufacturing and engineering footprint, with particular strength in
the fast-growing markets in Asia, Eastern Europe and Brazil. We have an
experienced and talented employee base, complemented by strong joint venture
partners and strategic alliances that provide a competitive advantage in the
key automotive markets of the world."

Court filings, including Visteon's plan of reorganization and related
disclosure statement, are available at www.kccllc.net/visteon.

Visteon Corporation is a leading global automotive supplier that designs,
engineers and manufactures innovative climate, electronic, interior and
lighting products for vehicle manufacturers. With corporate offices in Van
Buren Township, Mich. (U.S.); Shanghai, China; and Chelmsford, UK; the
company has facilities in 26 countries and employs approximately 26,000
people. Learn more at www.visteon.com.

Forward-looking Information

This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are not guarantees of future results and
conditions but rather are subject to various factors, risks and uncertainties
that could cause our actual results to differ materially from those expressed
in these forward-looking statements, including, but not limited to,

    - the potential adverse impact of the Chapter 11 proceedings on
      our business, financial condition or results of operations, including
      our ability to maintain contracts and other customer and vendor
      relationships that are critical to our business and the actions and
      decisions of our creditors and other third parties with interests in
      our Chapter 11 proceedings;
    - our ability to maintain adequate liquidity to fund our operations
      during the Chapter 11 proceed-proceedings and to fund a plan of
      reorganization and thereafter, including obtaining sufficient "exit"
      financing; maintaining normal terms with our vendors and service
      providers during the Chapter 11 proceedings and complying with the
      covenants and other terms of our financing agreements;
    - our ability to obtain court approval with respect to motions in
      the Chapter 11 proceedings prosecuted from time to time and to
      consummate all of the transactions contemplated by our plan of
      reorganization or upon which consummation of such plans may be
      conditioned;
    - conditions within the automotive industry, including (i) the
      automotive vehicle production volumes and schedules of our customers,
      and in particular Ford's and Hyundai-Kia's vehicle production volumes,
      (ii) the financial condition of our customers or suppliers and the
      effects of any restructuring or reorganization plans that may be
      undertaken by our customers or suppliers or work stoppages at our
      customers or suppliers, and (iii) possible disruptions in the supply
      of commodities to us or our customers due to financial distress or
      work stoppages;
    - new business wins and re-wins do not represent firm orders or
      firm commitments from customers, but are based on various assumptions,
      including the timing and duration of product launches, vehicle
      productions levels, customer price reductions and currency exchange
      rates;
    - general economic conditions, including changes in interest rates
      and fuel prices; the timing and expenses related to internal
      restructurings, employee reductions, acquisitions or dispositions and
      the effect of pension and other post-employment benefit obligations;
    - increases in raw material and energy costs and our ability to
      offset or recover these costs, increases in our warranty, product
      liability and recall costs or the outcome of legal or regulatory
      proceedings to which we are or may become a party; and
    - those factors identified in our filings with the SEC (including
      our Annual Report on Form 10-K for the fiscal year ended Dec. 31,
      2009).

The value of our various pre-petition liabilities, common stock and/or
other securities is highly speculative and may be limited as set forth in our
plan of reorganization. Accordingly, we urge that caution be exercised with
respect to existing and future investments in any of these liabilities and/or
securities. Caution should be taken not to place undue reliance on our
forward-looking statements, which represent our view only as of the date of
this release, and which we assume no obligation to update.

Media: North America: Jim Fisher, +1-734-710-5557, jfishe89 at visteon.com, Asia-Pacific: Annouk Ruffo Leduc, +86-21-6192 9824, aruffole at visteon.com, Europe: Jonna Christensen, +44-1245-395-038, jchris18 at visteon.com, South America: Alessandra Silva, +55-11-2678-7820, asilva49 at visteon.com, or Investors: Michael Lewis, +1-734-710-5800, investor at visteon.com