FreeMarkets, Inc. (Nasdaq:FMKT - news), the leading B2B eMarketplace, today announced that Visteon Corporation (NYSE:VC - news), a leading consumer-focused, technology-driven automotive systems corporation, has sourced contracts for more than $390 million in goods through the FreeMarkets® B2B eMarketplace to date. Leveraging FreeMarkets' industry-leading technology platform, unparalleled sourcing information, market making services and global database of suppliers, Visteon has saved millions on a wide range of goods sourced by its operations in the United States, Europe, India and South America.

Visteon has been using Fr>eeMarkets as a platform for sourcing goods and services for its global operations since April. In June, the companies announced a five-year strategic agreement.

"Visteon is not only a leader in the automotive systems industry, but an innovator in the use of e-sourcing solutions that can enhance the efficiency of its world-class operations,'' said Kent Parker, vice president and general manager of automotive business at FreeMarkets. "We are very pleased to be leveraging our experience creating successful eMarkets for customers in the automotive industry to help Visteon source complex goods and deliver results to its operations worldwide.''

FreeMarkets has been serving customers in the automotive industry since 1997. In addition to Visteon, more than 16 automotive companies are currently using the FreeMarkets B2B eMarketplace to source goods and services, including: Dana Corp., Delphi Automotive, Eaton Corp., International, Magneti Marelli, Pilkington PLC and SPX Corp.

About FreeMarkets

FreeMarkets is the leading B2B eMarketplace. FreeMarkets combines its industry-leading technology platform with unparalleled sourcing information and world-class services to deliver huge savings to customers. FreeMarkets has executed over 6,800 online auctions for more than $10.5 billion worth of goods and services to date, and created estimated savings of nearly $2.0 billion for its customers. The FreeMarkets B2B eMarketplace enables buying organizations to source products from more than 150 supply verticals. More than 7,000 suppliers from over 55 countries have participated in the FreeMarkets B2B eMarketplace. The Company also operates FreeMarkets Asset Exchange, the leading B2B eMarketplace for surplus assets and inventory. FreeMarkets can be found on the Web at FreeMarkets is a registered trademark of FreeMarkets, Inc.