Visteon Corporation, one of the world’s largest suppliers of automotive components and systems, has been added to the Standard & Poor 500 Index. Visteon will become independent from Ford Motor Company following a planned spin-off June 28.
The corporation, which will be traded on the New York Stock Exchange under the symbol `VC,` will join the Index after the close of trading on June 28. Public trading of Visteon stock will begin June 29, and the corporation will be added to the S&P Auto Parts & Equipment Industry group on the closely watched index.
In addition to its listing on the S&P 500 Index, Visteon, with 1999 sales of $19.4 billion, will rank among the top 100 companies on the Fortune 500 once it becomes independent.
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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 a global delivery system of more than 130 technical, manufacturing, sales, and service facilities located in 23 countries. It has 81,000 employees working in three business segments: Dynamics and Energy Conversion; Comfort, Communication and Safety; and Glass.
