Visteon Secures Contract to Develop MACH(R) Satellite Digital Audio Radio System for Undisclosed Ford Vehicle

Strategic Insights -

Visteon Corporation, a leading full-service supplier, has announced a contract to develop and supply its MACH(R) Satellite Digital Audio Radio System for a future Ford Motor Company vehicle. This partnership marks a strategic collaboration with Sirius Satellite Radio to provide satellite radio broadcasts, including up to 100 channels of digital-quality radio, to motorists across the continental United States.

Key Takeaways:

  • Visteon has secured a contract to develop and supply its MACH(R) Satellite Digital Audio Radio System for an undisclosed future Ford Motor Company vehicle.
  • The system will provide motorists with the ability to receive satellite radio broadcasts, including up to 100 channels of digital-quality radio, coast-to-coast throughout the continental United States.
  • Visteon has established a strategic partnership with Sirius Satellite Radio to provide commercial-free music and up to 50 channels of news, sports, talk, comedy, and children's programming.
  • The MACH(R) Satellite Digital Audio Radio System will be integrated with Sirius's three orbiting satellites to provide 50 channels of commercial-free music and 50 channels of other programming.
  • Visteon has a global delivery system of more than 130 technical, manufacturing, sales, and service facilities located in 23 countries.
  • The company has 81,000 employees working in three business segments: Dynamics and Energy Conversion; Comfort, Communication, and Safety; and Glass.

Statistics:

  • 100 channels of digital-quality radio will be available through the MACH(R) Satellite Digital Audio Radio System.
  • 50 channels of commercial-free music will be broadcasted by Sirius through the system.
  • 50 channels of news, sports, talk, comedy, and children's programming will be provided by Sirius through the system.
  • Visteon has more than 130 global delivery facilities in 23 countries.
  • The company employs 81,000 staff members across three business segments.

Sources:

  • Visteon Corporation, "Visteon Secures Contract to Develop MACH(R) Satellite Digital Audio Radio System for Undisclosed Future Ford Motor Company Vehicle"
  • Private Securities Litigation Reform Act of 1995
  • Visteon's prospectus dated June 13, 2000 as filed with the SEC on June 14, 2000
  • Sirius Satellite Radio (Nasdaq: SIRI)