Press Release

Siemens PLM Software Honored as One of Visteon Corporation's Top Suppliers

PLANO, Texas and VAN BUREN TOWNSHIP, Mich., May 5, 2008 – Siemens PLM Software, a business unit of the Siemens Industry Automation Division and a leading global provider of product lifecycle management (PLM) software and services, today announced it has been honored with a Visteon Important Partner Award for outstanding overall performance in providing services to Visteon Corporation, one of the world’s leading automotive suppliers.

Siemens PLM Software was recognized as a top supplier to Visteon in the Non-Production category during an April 16 ceremony at Visteon’s Corporate Offices and Innovation Center in Van Buren Township, Mich. (U.S.)

The Visteon Important Partner Award program, now in its sixth year, honors Visteon suppliers that achieve “best in class” ratings for quality, delivery, technology, launch and cost-control performance. Siemens PLM Software was among 23 companies honored for their 2007 performance, representing less than one percent of Visteon’s global production and non-production suppliers.

“Siemens PLM Software has distinguished itself as an outstanding Visteon supplier in its service area, whose performance has been instrumental in helping Visteon deliver innovative, high-quality, cost-efficient products to vehicle manufacturers,” said Patrick Bauer, Visteon senior director, material planning and logistics – indirect and central purchasing.

“Siemens PLM Software is proud to be the first-ever information technology partner to receive this prestigious distinction in recognition of our PLM solutions and services,” said Dave Shook, senior vice president and managing director, Americas, Siemens PLM Software. “We are honored to be acknowledged for our Teamcenter® solutions that support Visteon as a leading global automotive supplier.”

Of the 23 companies earning Visteon Important Partner Awards, eight are based in the Asia-Pacific region, six in Europe, five in North America, and four in South America.

“Having a world-class supply base is critical to Visteon’s ability to meet the technology, quality and cost needs of vehicle manufacturers around the world, and these 23 suppliers represent ‘the best of the best,’” said Donald J. Stebbins, Visteon president and chief operating officer. “We are proud to recognize these suppliers, who have performed at an extremely high level in supporting our three strategic product groups – climate, electronics and interiors.”

Siemens PLM Software is the leading provider of PLM software and services for the Automotive and Transportation industry. Fourteen out of the 15 automotive OEM’s in the world use Siemens PLM Software technology to enable their business process improvement initiatives.

From early portfolio planning through product development, manufacturing and product obsolescence, the automotive and transportation industry has made Siemens PLM Software the standard for PLM technology.

Siemens PLM Software is a mission-critical partner with many automotive and transportation companies, providing PLM solutions to enable key business process improvement initiatives, such as: commonization and re-use, change management, global engineering, knowledge-driven automation and supply chain integration.

About Siemens PLM Software

Siemens PLM Software, a business unit of the Siemens Industry Automation Division, is a leading global provider of product lifecycle management (PLM) software and services with 4.6 million licensed seats and 51,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software’s open enterprise solutions enable a world where organizations and their partners collaborate through Global Innovation Networks to deliver world-class products and services. For more information on Siemens PLM Software products and services, visit www.siemens.com/plm.

About the Siemens Industry Automation Division

The Siemens Industry Automation Division (Nuremberg), a division of the Siemens Industry Sector, is a worldwide leader in the fields of automation systems, low-voltage switchgear and industrial software. Its portfolio ranges from standard products for the manufacturing and process industry to solutions for whole industries and systems that encompass the automation of entire automobile production facilities and chemical plants. As a leading software supplier, Industry Automation optimizes the entire value added chain of manufacturers – from product design and development to production, sales and a wide range of maintenance services.

About Visteon Corporation

Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany; the company has facilities in 26 countries and employs approximately 41,500 people.

Note: Siemens and the Siemens logo are registered trademarks of Siemens AG. Teamcenter is a trademark or registered trademark of Siemens Product Lifecycle Management Software Inc. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.

Primary Contact

Debra Dekelbaum
1 972 987 3271
debra.dekelbaum@siemens.com

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