SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549





                                    FORM 8-K

                                 CURRENT REPORT




                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


                           Date of Report July 9, 2003
                                          ------------
                        (Date of earliest event reported)


                               VISTEON CORPORATION
                               -------------------
             (Exact name of registrant as specified in its charter)



         Delaware                      1-15827                 38-3519512
         --------                      -------                 ----------
(State or other jurisdiction   (Commission File Number)       (IRS Employer
    of incorporation)                                        Identification No.)

 17000 Rotunda Drive, Dearborn, Michigan                            48120
 ---------------------------------------                            -----
(Address of principal executive offices)                          (Zip Code)



        Registrant's telephone number, including area code (800)-VISTEON
                                                           -------------









                                      -2-


ITEM 5.   OTHER EVENTS.

         On July 9, 2003, we issued a press release reporting that our Board of
Directors had declared a cash dividend. The press release, filed as Exhibit 99.1
to this Current Report on Form 8-K, is incorporated herein by this reference.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

Exhibit No.     Description
- -----------     -----------

99.1            Press release dated July 9, 2003




                                      -3-


SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                       VISTEON CORPORATION




Date:  July 9, 2003                    By:  /s/ Stacy L. Fox
                                           --------------------------------
                                           Stacy L. Fox
                                           Senior Vice President,
                                           General Counsel and Secretary










                                      -4-




                                  EXHIBIT INDEX



Exhibit No.                             Description
- -----------                             -----------

Exhibit 99.1                          Press Release dated
                                      July 9, 2003

                                                                    EXHIBIT 99.1

NEWS RELEASE

Contact(s):                                              Media Inquiries:
              Visteon Corporation
              Greg Gardner                               Public Affairs
              313-755-0927                               17000 Rotunda Drive
              ggardne9@visteon.com                       Dearborn, MI  48120
                                                         Facsimile: 313-755-7983


              Investor Inquiries:
              Derek Fiebig
              313-755-3699
              dfiebig@visteon.com
                                                                  [VISTEON LOGO]


VISTEON DECLARES THIRD QUARTER DIVIDEND

DEARBORN, Mich., July 9, 2003 -- The Board of Directors of Visteon Corporation
(NYSE: VC) has declared a quarterly dividend of $0.06 per share on the company's
common stock. The dividend is payable on September 2, 2003, to shareholders of
record as of August 1, 2003. Visteon has paid a dividend each quarter since it
became an independent, publicly traded company in June 2000.

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
about 77,000 employees and a global delivery system of more than 180 technical,
manufacturing, sales, and service facilities located in 25 countries.
                                       ###

      Visteon news releases, photographs and product specification details
                        are available at www.visteon.com