Updated: June 26, 2009
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FAQ: Retirees
FREQUENTLY ASKED QUESTIONS FOR U.S. RETIREES
(Updated June 26, 2009)
Topics Covered:
• The Reorganization Process in the U.S.
• Pension, Stock and 401(k)
• Health Care and Life Insurance Benefits in the U.S.
The Reorganization Process in the U.S.
1. Why did Visteon file for Chapter 11?
Visteon has made significant improvements to its business as a result of its three-
year restructuring plan and other actions. However, with the steep decline in
worldwide vehicle production, our current capital structure is not sustainable given our
reduced revenue base. We made this filing to address this imbalance.
2. What does it mean to voluntarily file for reorganization under Chapter 11 of the
U.S. Bankruptcy Code?
The Chapter 11 process is a well-established U.S. legal practice that many
companies have used successfully to reorganize their operations and address their
capital structures under court protection. It is not liquidation.
3. Is Visteon going out of business?
No, Visteon intends to continue operating its business throughout the Chapter 11
process. Our plan is to use the reorganization process to make Visteon financially
stronger and more competitive for the future.
4. How will the reorganization process help Visteon?
This process provides us with an opportunity to improve our capital structure to allow
Visteon to become financially stronger and more competitive for the future. Given the
tremendous progress we have made improving our operations over the past three
years, we are confident we can emerge a strong, financially sound company, well-
positioned to succeed in the global automotive industry.
5. How long is Visteon’s reorganization likely to take?
It is unclear how long this process will take, but we are focused on emerging as
quickly as possible. We will have a better idea as the process unfolds and we will
keep you informed.
Pension, Stock and 401(k)
6. Will I continue to receive my monthly pension check from Fidelity?
A