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Visteon Accelerates Electronics Growth With Sourcing By European Automaker On Next-Generation Infotainment Platform

Stocks in this article: VC

VAN BUREN TOWNSHIP, Mich., Feb. 25, 2013 /PRNewswire/ -- Visteon Corporation (NYSE: VC) has been awarded a development and production program for its latest infotainment system by a major European car manufacturer. With production launch targeted for the 2015 model year, this program represents the first market implementation of Visteon's next-generation infotainment platform in this rapidly growing segment.

Visteon's latest infotainment solution is capable of multi-device connectivity to deliver apps and features, stream media, access the Internet and seamlessly integrate both Cloud-based and local content to drivers and passengers via a simple and flexible user interface. The system also enables software updates over the lifetime of the vehicle, further enhancing value to vehicle manufacturers and the end consumer. This will be one of the first automotive implementations of an 'open source' platform and associated applications based on the requirements of GENIVI ®, a non-profit alliance committed to driving broad adoption of an in-vehicle infotainment open source development platform.

"This next-generation platform demonstrates Visteon's leadership in setting the course for the industry in vehicle infotainment," said Steve Meszaros, president, Visteon Electronics. "Bringing the cutting-edge technology of the consumer electronics world to the vehicle, this new product fulfills our vision, and that of our customers, to deliver a superior user experience for the driver and passengers."

With its strong foothold in the market, Visteon is well-positioned for above-market annual growth in the audio infotainment segment, which as a whole is projected to grow at an annual rate of more than 12 percent over the next five years.

Visteon provides connected audio and embedded connectivity solutions on more than 5 million vehicles annually for global vehicle manufacturers. Visteon's infotainment range also includes automotive and content partnerships to deliver an industry-leading user experience through improved connectivity, human-machine interaction (HMI) interface and content.

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