SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 6, 2004
VISTEON CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 1-15827 | 38-3519512 | ||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 17000 Rotunda Drive, Dearborn, Michigan | 48120 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code (800)-VISTEON
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Item 5. Other Events and Required FD Disclosure.
On May 6, 2004, we issued a press release relating to a supplemental agreement with the United Automobile Workers union. 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 May 6, 2004 |
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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 |
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| Date: May 6, 2004 | By: | /s/ Stacy L. Fox | ||
| Stacy L. Fox | ||||
| Senior Vice President, General Counsel and Secretary | ||||
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EXHIBIT INDEX
| Exhibit No. |
Description |
Page |
||
| Exhibit 99.1 | Press Release dated May 6, 2004 |
Exhibit 99.1
News Release
Contact(s):
|
Media Inquiries: | Visteon Corporation | ||
| Tammera L. Hallums | Corporate Communications | |||
| (313) 755-0998 | 17000 Rotunda Drive | |||
| thallums@visteon.com | Dearborn, Michigan 48120 | |||
| Facsimile: 313-755-7983 | ||||
 |
UAW and Visteon Finalize Supplemental Agreement
DEARBORN, Mich., May 6, 2004 — Visteon Corporation (NYSE:VC) and the United Auto Workers today signed a seven-year Visteon Supplemental Agreement covering new hires at Visteon’s UAW Master Agreement facilities. The two parties announced a tentative agreement April 29. Under the agreement, Visteon will hire new employees at wage and benefit levels significantly below UAW-Ford Master Agreement rates, improving the company’s competitive position.
“We are pleased to have worked cooperatively with the UAW to reach an agreement that improves our cost structure while providing opportunities for future UAW-represented employees,” said Robert H. Marcin, Visteon senior vice president, corporate relations. “This is an important step in our continuous drive to be a globally competitive Tier 1 automotive supplier.”
The agreement covers employees at Visteon’s 15 UAW Master Agreement facilities in the United States. Under terms of the agreement, the starting wage will be $14 per hour, with a grow-in to a full rate of up to $18.50 per hour. The agreement also includes more cost-competitive health care, pension and post-retirement medical benefits.
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 approximately 72,000 employees and a global delivery system of more than 200 technical, manufacturing, sales, and service facilities located in 25 countries.
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Visteon news releases, photographs and product specification details
are available at www.visteon.com