Visteon Corporation (NYSE: VC) and Huayu Automotive Systems Co., Ltd. (HASCO) announced today that the
companies’ existing China joint venture, Yanfeng Visteon Automotive Trim Systems, Co. Ltd. (YFV) and Visteon have
signed a non-binding memorandum of understanding (MOU) with respect to a potential transaction that would combine
the majority of Visteon’s global interiors business with YFV.