Document:

<PAGE>
                                                                    Exhibit 10.2

                             CONTRIBUTION AGREEMENT

                                   dated as of

                               September 12, 2005

                                     between

                               VISTEON CORPORATION

                                       and

                               VFH HOLDINGS, INC.

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                            PAGE
                                                                            ----
<S>                                                                         <C>
                                    ARTICLE 1
                                   DEFINITIONS

Section 1.01.    Definitions.............................................     2
Section 1.02.    Other Definitional and Interpretative Provisions........    11

                                    ARTICLE 2
                                  CONTRIBUTION

Section 2.01.    Contribution............................................    12
Section 2.02.    Excluded Assets.........................................    15
Section 2.03.    Assumed Liabilities.....................................    17
Section 2.04.    Visteon Retained Liabilities............................    17
Section 2.05.    Transfer or Assignment of Contributed Contracts and
                 Rights..................................................    20
Section 2.06.    Closing.................................................    20
Section 2.07.    Deliveries at Closing...................................    21

                                    ARTICLE 3
                    REPRESENTATIONS AND WARRANTIES OF VISTEON

Section 3.01.    Corporate Existence and Power...........................    23
Section 3.02.    Corporate Authorization.................................    23
Section 3.03.    Governmental Authorization..............................    24
Section 3.04.    Noncontravention........................................    24
Section 3.05.    Statement of Assets; Financial Statements...............    24
Section 3.06.    Absence of Certain Changes..............................    25
Section 3.07.    Material Contracts......................................    26
Section 3.08.    Litigation..............................................    28
Section 3.09.    Compliance with Laws and Court Orders...................    28
Section 3.10.    Properties..............................................    28
Section 3.11.    Sufficiency of and Title to the Contributed Assets......    29
Section 3.12.    Products................................................    30
Section 3.13.    Intellectual Property...................................    30
Section 3.14.    Customs.................................................    32
Section 3.15.    Licenses and Permits....................................    32
Section 3.16.    Inventories.............................................    33
Section 3.17.    Taxes...................................................    33
Section 3.18.    ERISA Representations...................................    33
Section 3.19.    Employees...............................................    35
Section 3.20.    Labor Matters...........................................    35
Section 3.21.    Environmental Compliance................................    36
</TABLE>

                                        i

<PAGE>

<TABLE>
<CAPTION>
                                                                            PAGE
                                                                            ----
<S>                                                                         <C>
Section 3.22.    Finders' Fees...........................................    37
Section 3.23.    No Other Representations or Warranties..................    38

                                    ARTICLE 4
                              COVENANTS OF VISTEON

Section 4.01.    Conduct of the Business.................................    38
Section 4.02.    Formation of Company Subsidiaries Prior to Closing......    41
Section 4.03.    Delivery of Final Statement of Assets...................    41
Section 4.04.    Confidentiality.........................................    41
Section 4.05.    Notices of Certain Events...............................    41
Section 4.06.    Employee Matters........................................    42
Section 4.07.    Title Insurance and Surveys.............................    42

                                    ARTICLE 5
                      COVENANTS OF THE COMPANY AND VISTEON

Section 5.01.    Commercially Reasonable Efforts; Further Assurances.....    43
Section 5.02.    Certain Filings.........................................    43
Section 5.03.    Software License Fees...................................    43
Section 5.04.    Access after Closing....................................    44
Section 5.05.    Public Announcements....................................    45
Section 5.06.    Salaried Employee Leasing...............................    45
Section 5.07.    Mexican Assets..........................................    45
Section 5.08.    Agreement with respect to Certain Shared-Use Offsite
                 Tooling.................................................    46

                                    ARTICLE 6
                                   TAX MATTERS

Section 6.01.    Allocation of Consideration.............................    46
Section 6.02.    Filing of Returns and Payment of Taxes..................    47
Section 6.03.    Refunds and Credits.....................................    47
Section 6.04.    Property Taxes..........................................    48
Section 6.05.    Transfer Taxes..........................................    48
Section 6.06.    Cooperation.............................................    48

                                    ARTICLE 7
                              CONDITIONS TO CLOSING

Section 7.01.    Conditions to Obligations of the Company and Visteon....    49
Section 7.02.    Conditions to Obligation of the Company.................    49
Section 7.03.    Condition to Obligation of Visteon......................    51

</TABLE>

                                       ii

<PAGE>

<TABLE>
<CAPTION>
                                                                            PAGE
                                                                            ----
<S>                                                                         <C>
                                    ARTICLE 8
                            SURVIVAL; INDEMNIFICATION

Section 8.01.    Survival................................................    51
Section 8.02.    Indemnification.........................................    51
Section 8.03.    Procedures..............................................    52
Section 8.04.    Mitigation..............................................    54
Section 8.05.    Calculation of Losses...................................    54
Section 8.06.    No Consequential Damages................................    55
Section 8.07.    Exclusive Remedy........................................    55
Section 8.08.    No Double Recovery......................................    55

                                    ARTICLE 9
                                   TERMINATION

Section 9.01.    Grounds for Termination.................................    56
Section 9.02.    Effect of Termination...................................    56

                                   ARTICLE 10
                                  MISCELLANEOUS

Section 10.01.   Notices.................................................    57
Section 10.02.   Amendments and Waivers..................................    58
Section 10.03.   Expenses................................................    59
Section 10.04.   Successors and Assigns..................................    59
Section 10.05.   Governing Law...........................................    59
Section 10.06.   Dispute Resolution......................................    59
Section 10.07.   Jurisdiction............................................    60
Section 10.08.   WAIVER OF JURY TRIAL....................................    61
Section 10.09.   Counterparts; Effectiveness; Third Party Beneficiaries..    61
Section 10.10.   Entire Agreement........................................    61
Section 10.11.   Bulk Sales Laws.........................................    61
Section 10.12.   Severability............................................    61
Section 10.13.   Specific Performance....................................    61
</TABLE>

Exhibit A   Assignment and Assumption Agreement
Exhibit B   Bill of Sale
Exhibit C   Company-Visteon Purchase and Supply Agreement
Exhibit D   Intellectual Property Contribution Agreement
Exhibit E   Master Services Agreement
Exhibit F   Mexico Asset Purchase Agreements
Exhibit G   Software License and Contribution Agreement
Exhibit H   Visteon-Company Purchase and Supply Agreement
Exhibit I   Visteon Hourly Employee Lease Agreement
Exhibit J   Visteon Salaried Employee Lease Agreement
Exhibit K   VPAC Agreement
Exhibit L   VTC Agreement

                                       iii

<PAGE>

                             CONTRIBUTION AGREEMENT

     CONTRIBUTION AGREEMENT (this "AGREEMENT") dated as of September 12, 2005
between Visteon Corporation, a Delaware corporation ("VISTEON"), and VFH
Holdings, Inc., a Delaware corporation (the "COMPANY").

                                   WITNESSETH:

     WHEREAS, Visteon and its Affiliates (as defined below) conduct the Business
(as defined below);

     WHEREAS, Visteon formed the Company pursuant to the Delaware General
Corporation Law by filing the Certificate of Incorporation of the Company with
the office of the Secretary of State of the State of Delaware on July 15, 2005;

     WHEREAS, Ford Motor Company, a Delaware corporation ("FORD"), and Visteon
are parties to a Master Agreement (the "MASTER AGREEMENT") dated as of the date
hereof pursuant to which, among other things, Visteon has agreed to enter into
this Agreement with the Company and to consummate, subject to the terms and
conditions set forth herein, the contribution of certain assets related to the
Business as set forth herein to one or more newly-formed, wholly-owned
Subsidiaries of the Company and the assumption by the Company of certain
liabilities related to the Business as set forth herein; and

     WHEREAS, Ford and Visteon have entered into, concurrently with the
execution and delivery of this Agreement by Visteon and the Company, (i) a
Visteon "B" Purchase Agreement (the "VISTEON "B" PURCHASE AGREEMENT") pursuant
to which, among other things, Visteon has agreed to sell to Ford, and Ford has
agreed to purchase from Visteon, on the day following the Closing Date (as
defined below), all of the issued and outstanding shares of common stock of the
Company (which shares may be held in a trust of which Ford or a Subsidiary of
Ford is beneficiary) subject to the terms and conditions set forth therein and
(ii) a Visteon "A" Transaction Agreement (the "VISTEON "A" TRANSACTION
AGREEMENT") pursuant to which, among other things, and subject to the terms and
conditions set forth therein Ford has agreed to provide financial assistance to
Visteon in connection with the restructuring of its businesses, Visteon has
agreed to issue to Ford a Warrant to purchase shares of common stock, par value
$1.00 per share, of Visteon, and Ford and Visteon have agreed to enter into
certain commercial arrangements or to make certain modifications to existing
commercial arrangements between Ford and Visteon.

     NOW THEREFORE, in consideration of the above premises and the mutual
covenants herein contained, and for other good and valuable consideration given
by each party hereto to the other, the sufficiency and receipt of which are

<PAGE>

hereby acknowledged, the parties hereto, intending to be legally bound, hereby
agree as follows:

                                    ARTICLE 1
                                   DEFINITIONS

     Section 1.01. Definitions. (a) The following terms, as used herein, have
the following meanings:

     "AFFILIATE" means, with respect to any Person, any other Person directly or
indirectly controlling, controlled by, or under common control with such other
Person. For the purpose of this definition, the term "control" (including, with
correlative meanings, the terms "controlling", "controlled by" and "under common
control with"), as used with respect to any Person, means having the right to
elect a majority of the board of directors or other comparable body responsible
for management and direction of a Person, or otherwise having, directly or
indirectly, the power to direct or cause the direction of the management and
policies of such Person, by contract or by virtue of share ownership. For the
avoidance of doubt, from and after the consummation of the closing under the
Visteon "B" Purchase Agreement, Ford shall be deemed to be an Affiliate of the
Company.

     "ASSIGNMENT AND ASSUMPTION AGREEMENT" means the Assignment and Assumption
Agreement substantially in the form of Exhibit A hereto.

     "ASSUMED ENVIRONMENTAL LIABILITIES" has the meaning ascribed to such term
in the Visteon "B" Purchase Agreement.

     "BILL OF SALE" means the Bill of Sale substantially in the form of Exhibit
B hereto.

     "BUSINESS" means the operations (including assembly, manufacturing,
engineering, testing, technical, product development, independent aftermarket,
service, sales and administrative operations) conducted by Visteon and its
Affiliates at the Plants, together with all assets and properties listed on
Schedule 2.01(ii)(B) associated with the engineering, testing, technical,
product development, sales and administrative operations that primarily support
the operations conducted by Visteon and its Affiliates at the Plants; provided
that the operations at the Visteon Technical Center and the Visteon Product
Assurance Center in Dearborn, Michigan shall only be included in the Business to
the extent that they support the operations at the other Plants.

                                       2

<PAGE>

     "BUSINESS DAY" means a day, other than Saturday, Sunday or other day on
which commercial banks in Detroit, Michigan are authorized or required by law to
close.

     "CERCLA" means the Comprehensive Environmental Response, Compensation and
Liability Act of 1980, as amended, and any rules or regulations promulgated
thereunder.

     "CLOSING DATE" means the date of the Closing.

     "COFECO" means the Comision Federal de Competencia (Federal Antitrust
Commission) of Mexico.

     "COMPANY-VISTEON PURCHASE AND SUPPLY AGREEMENT" means the Purchase and
Supply Agreement Regarding Sales of Components from VFH Holdings, LLC to Visteon
substantially in the form of Exhibit C hereto.

     "CONFIDENTIALITY AGREEMENT" means the Confidentiality Agreement between
Ford and Visteon dated October 1, 2004, as extended.

     "CONTRIBUTION AGREEMENT TRANSACTION DOCUMENTS" means:

          (i)    this Agreement;

          (ii)   the Assignment and Assumption Agreement;

          (iii)  the Bill of Sale;

          (iv)   the Company-Visteon Purchase and Supply Agreement;

          (v)    the Intellectual Property Contribution Agreement;

          (vi)   the Master Services Agreement;

          (vii)  the Mexico Asset Purchase Agreements;

          (viii) the Software License and Contribution Agreement;

          (ix)   the Visteon-Company Purchase and Supply Agreement;

          (x)    the Visteon Hourly Employee Lease Agreement;

          (xi)   the Visteon Salaried Employee Lease Agreement;

          (xii)  the VPAC Agreement;

          (xiii) the VTC Agreement; and

                                       3

<PAGE>

          (xiv) any and all other agreements and documents required to be
     delivered by any party hereto prior to or at Closing pursuant to the terms
     of this Agreement.

     "DISCLOSURE SCHEDULE" means the disclosure schedule delivered by Visteon to
the Company on the date hereof as attached hereto.

     "ENVIRONMENTAL LAWS" means any federal, state, local or foreign law
(including common law), treaty, judicial decision, regulation, rule, judgment,
order, decree, injunction, permit or governmental restriction or any agreement
with any Governmental Authority or other third party, whether now or hereafter
in effect, relating to the environment, human health and safety or to
pollutants, contaminants, wastes or chemicals or any toxic, radioactive,
ignitable, corrosive, reactive or otherwise hazardous substances, wastes or
materials.

     "ENVIRONMENTAL LIABILITIES" means any and all Liabilities arising in
connection with or in any way relating to the Business (as currently or
previously conducted), the Contributed Assets or any activities or operations
occurring or conducted at the Contributed Real Property (including offsite
disposal), which (i) arise under or relate to any Environmental Law and (ii)
relate to actions occurring or conditions existing on or prior to the Closing
Date (including any matter disclosed or required to be disclosed in Section 3.21
of the Disclosure Schedule).

     "ENVIRONMENTAL PERMITS" means all permits, licenses, franchises,
certificates, approvals and other similar authorizations of Governmental
Authorities relating to or required by Environmental Laws and affecting, or
relating in any way to, the Business.

     "ERISA AFFILIATE" of any entity means any other entity which, together with
such entity, would be treated as a single employer under Section 414 of the
Code.

     "GAAP" means generally accepted accounting principles in the United States.

     "GOVERNMENTAL AUTHORITY" means any court, administrative agency or
commission or other federal, state, local, foreign or supranational governmental
or regulatory authority, agency, body, instrumentality or official.

     "HAZARDOUS SUBSTANCES" means any pollutant, contaminant, waste or chemical
or any toxic, radioactive, ignitable corrosive, reactive or otherwise hazardous
substance, waste or material or any substance, waste or material having any
constituent elements displaying any of the foregoing characteristics including
petroleum, its derivatives, by-products and other hydrocarbons, and any
substance, waste or material regulated under any Environmental Law.

                                       4

<PAGE>

     "INDEBTEDNESS" means, with respect to any Person, without duplication, (i)
all obligations of such Person for borrowed money, or with respect to deposits
or advances of any kind, (ii) all obligations of such Person evidenced by bonds,
debentures, notes or similar instruments, (iii) all obligations of such Person
upon which interest charges are customarily paid (other than trade payables
incurred in the ordinary course of business consistent with past practices),
(iv) all obligations evidenced by any securitization or factoring arrangements,
(v) all obligations of such Person under conditional sale or other title
retention agreements relating to any property purchased by such Person, (vi) all
obligations of such Person issued or assumed as the deferred purchase price of
property or services (excluding obligations of such Person to suppliers for raw
materials, inventory, services and supplies incurred in the ordinary course of
business consistent with past practices), (vii) all lease obligations of such
Person capitalized on the books and records of such Person in accordance with
GAAP, (viii) all obligations of others secured by a Lien on property or assets
owned or acquired by such Person, whether or not the obligations secured thereby
have been assumed, (ix) all obligations of such Person under interest rate,
currency or commodity derivatives or hedging transactions, (x) all letters of
credit or performance bonds issued for the account of such Person (excluding
letters of credit issued for the benefit of suppliers to support accounts
payable to suppliers incurred in the ordinary course of business consistent with
past practices) and (xi) all guarantees and arrangements having the economic
effect of a guarantee of such Person of any Indebtedness of any other Person.

     "INTELLECTUAL PROPERTY CONTRIBUTION AGREEMENT" means the Intellectual
Property Contribution Agreement substantially in the form of Exhibit D hereto.

     "INTELLECTUAL PROPERTY RIGHTS" means all worldwide (i) inventions, whether
or not patentable; (ii) patents and patent applications; (iii) trademarks,
service marks, trade dress, logos, Internet domain names and trade names,
whether or not registered, and all goodwill associated therewith; (iv) rights of
publicity and other rights to use the names and likeness of individuals; (v)
copyrights and related rights, whether or not registered; (vi) mask works; (vii)
computer software, data, databases, files, and documentation and other materials
related thereto; (viii) trade secrets, know-how and confidential, technical and
business information, including product design and proprietary technology,
processes and formulae; (ix) all rights to sue or recover and retain damages and
costs and attorneys' fees for past, present and future infringement or
misappropriation of any of the foregoing; and (x) any other similar type of
proprietary intellectual property right.

     "KNOWLEDGE" as it applies to the knowledge of Visteon means the actual
knowledge after due inquiry of the individuals identified on Schedule 1.01(a).

                                       5

<PAGE>

     "LIABILITIES" means liabilities, obligations or commitments of any kind
whatsoever, whether accrued, contingent, absolute, determined, determinable or
otherwise.

     "LICENSED INTELLECTUAL PROPERTY RIGHTS" means all Intellectual Property
Rights owned by a third party and licensed or sublicensed to Visteon or an
Affiliate of Visteon and held for use or used in the conduct of or associated
with the Business.

     "LIEN" means, with respect to any property or asset, any mortgage, lien,
pledge, charge, security interest, covenant, transfer restriction, right of way,
easement, servitude, option, lease, license, encroachment, zoning, land use or
similar requirement or other encumbrance or exception, defect, title defect or
other adverse claim, of any kind in respect of such property or asset. For the
purposes of this Agreement, a Person shall be deemed to own subject to a Lien
any property or asset which it has acquired or holds subject to the interest of
a vendor or lessor under any conditional sale agreement, capital lease or other
title retention agreement relating to such property or asset.

     "MASTER SERVICES AGREEMENT" means the Master Services Agreement
substantially in the form of Exhibit E hereto.

     "MASTER TRANSFER AGREEMENT" means the Master Transfer Agreement dated as of
March 30, 2000 between Visteon and Ford.

     "MATERIAL ADVERSE EFFECT" means a material adverse effect on (i) the
condition (financial or otherwise), business, assets or results of operations of
the Business (taken as a whole) or (ii) the ability of Visteon to perform its
obligations under this Agreement or to consummate the transactions contemplated
by this Agreement, other than, in each case of clauses (i) and (ii), an effect
to the extent resulting from any one or more of the following: (A) any change in
the United States or foreign economies or securities or financial markets in
general; (B) any change that generally affects any industry in which the
Business competes, including changes in the price of energy, supplies and raw
materials; (C) any change arising in connection with hostilities, acts of war,
sabotage or terrorism or military actions or any material escalation or material
worsening of any such hostilities, acts of war, sabotage or terrorism or
military actions existing or underway as of the date hereof (but only to the
extent not disproportionately impacting or affecting the Business); (D) any
volume reductions in Ford's business with Visteon; or (E) the loss of customers,
suppliers or employees resulting from the public announcement of this Agreement,
compliance with the terms of this Agreement or the consummation of the
transactions contemplated by this Agreement.

                                       6

<PAGE>

     "MEXICO ASSET PURCHASE AGREEMENTS" means each of the Mexico Asset Purchase
Agreements substantially in the forms of Exhibit F hereto.

     "MOU" means the Memorandum of Understanding dated as of May 24, 2005
between Ford and Visteon.

     "1934 ACT" means the Securities Exchange Act of 1934, as amended, and the
rules and regulations promulgated thereunder.

     "OWNED INTELLECTUAL PROPERTY RIGHTS" means all Intellectual Property Rights
owned by Visteon or an Affiliate of Visteon and held for use or used in the
conduct of or associated with the Business.

     "PERMITTED LIENS" means (i) all defects, exceptions, restrictions,
easements, rights of way and encumbrances (other than (A) mechanics', carriers',
workers', repairers' or other like Liens which shall only be "Permitted Liens"
to the extent covered by clause (iii) of this definition, and (B) any tax
warrants, lawsuits and financing statements) to the extent disclosed in title
commitments issued by Lawyers Title Insurance Corporation or certificates of
property status issued by the public registries in Mexico, in each case which
have been made available to Ford prior to the date hereof; (ii) statutory Liens
for current taxes, assessments or other governmental charges which are not yet
due and payable or the amount or validity of which is being contested in good
faith by appropriate proceedings; (iii) mechanics', carriers', workers',
repairers' or other like Liens arising or incurred in the ordinary course of
business which are not yet due and payable or which are being contested in good
faith by appropriate proceedings; (iv) zoning, entitlement and other land use
and environmental regulations by any Governmental Authority provided that such
regulations have not been violated; (v) title of a lessor under a capital or
operating lease disclosed on Section 3.07(a) of the Disclosure Schedule; (vi)
such other imperfections in title, charges, easements, restrictions and
encumbrances not securing any monetary obligation of record as of the date
hereof which do not materially detract from the value or materially interfere
with the present use of the property or asset to which they relate; (vii) with
respect to Visteon and its Affiliates, any Liens securing obligations under the
Secured Promissory Note (as defined in the Master Agreement); and (viii) any
Liens existing on the Spin-Off Date.

     "PERSON" means an individual, corporation, partnership, limited liability
company, association, trust or other entity or organization, including a
government or political subdivision or an agency or instrumentality thereof.

     "PLANTS" means each of the following plants:

          (i) Nashville, Tulsa, Lebanon Distribution Warehouse, Autovidrio,
     VCPS-D Lab, and Glass Systems;

                                       7

<PAGE>

          (ii)   Sterling I and II and Sterling Test Labs;

          (iii)  Rawsonville, including GTC;

          (iv)   Ypsilanti;

          (v)    Milan;

          (vi)   Monroe;

          (vii)  Indianapolis;

          (viii) Chesterfield Foam;

          (ix)   Utica;

          (x)    Sandusky and Bellevue lighting service plant;

          (xi)   Saline;

          (xii)  Sheldon Road (excluding the Crow Property);

          (xiii) Kansas City VRAP;

          (xiv)  El Jarudo;

          (xv)   Lamosa I and II; and

          (xvi)  Visteon Technical Center and Visteon Product Assurance Center.

     "PRE-CLOSING TAX PERIOD" means any Tax period (or portion thereof) ending
on or before the date of consummation of the closing under the Visteon "B"
Purchase Agreement.

     "RELATED PARTY" means, with respect to Visteon or any of its Affiliates:
(i) any Person directly or indirectly owning, controlling or holding with power
to vote, 5% or more of the outstanding voting securities of Visteon or any of
its Affiliates; (ii) any Person 5% or more of whose outstanding voting
securities are directly or indirectly owned, controlled or held with power to
vote by Visteon or any of its Affiliates; or (iii) any director or officer of
Visteon or any of its Affiliates or any "associates" or members of the
"immediate family" (as such terms are respectively defined in Rule 12b-2 and
Rule 16a-1 of the 1934 Act) of any such director or officer.

                                       8

<PAGE>

     "SOFTWARE LICENSE AND CONTRIBUTION AGREEMENT" means the Software License
and Contribution Agreement substantially in the form of Exhibit G hereto.

     "SPIN-OFF DATE" means June 28, 2000.

     "STRADDLE PERIOD" means any complete Tax period that includes but does not
end on the date of consummation of the closing under the Visteon "B" Purchase
Agreement.

     "SUBSIDIARY" means, with respect to any Person, any other Person of which
securities or other ownership interests having ordinary voting power to elect a
majority of the board of directors or other persons performing similar functions
are at the time directly or indirectly owned by such Person.

     "TAX" or "TAXES" means (i) taxes, imposts, customs, duties, withholdings,
charges, fees, levies or other assessments imposed by any Governmental Authority
or taxing authority, whether domestic or foreign (including income, excise,
property, sales, use, transfer, conveyance, payroll or other employment related
tax, license, registration, ad valorem, value-added, withholding, social
security, national insurance (or other similar contributions or payments),
franchise, estimated severance, stamp taxes, taxes based upon or measured by
capital stock, net worth or gross receipts, the Michigan Single Business Tax or
other taxes) together with all interest, fines, penalties, inflationary
adjustments and additions attributable to or imposed with respect to such
amounts or (ii) liability for the payment of any amounts of the type described
in (i) as a result of being party to any agreement or any express or implied
obligation to indemnify any other Person.

     "TAX RETURN" means all federal, state, local and foreign tax returns,
estimates, information statements and reports relating to Taxes.

     "UAW" means the International Union, United Automobile, Aerospace and
Agricultural Implement Workers of America, UAW and its affiliated Locals.

     "VISTEON-COMPANY PURCHASE AND SUPPLY AGREEMENT" means the Purchase and
Supply Agreement Regarding Sales of Components from Visteon to VFH Holdings, LLC
substantially in the form of Exhibit H hereto.

     "VISTEON CREDIT AGREEMENT" means the Credit Agreement, dated as of June 24,
2005, among Visteon, the several banks and other financial institutions or
entities from time to time party thereto, JPMorgan Chase Bank, N.A., as
administrative agent, Citicorp USA, Inc., as syndication agent, and Credit
Suisse, Cayman Islands Branch, Deutsche Bank Securities Inc. and Sumitomo Mitsui
Banking Corporation, as documentation agents.

                                       9

<PAGE>

     "VISTEON HOURLY EMPLOYEE LEASE AGREEMENT" means the Hourly Employee Lease
Agreement substantially in the form of Exhibit I hereto.

     "VISTEON SALARIED EMPLOYEE LEASE AGREEMENT" means the Salaried Employee
Lease Agreement substantially in the form of Exhibit J hereto.

     "VPAC AGREEMENT" means the Lease Agreement relating to the Visteon Product
Assurance Center in Dearborn, Michigan substantially in the form of Exhibit K
hereto.

     "VTC AGREEMENT" means the Lease Agreement relating to the Visteon Technical
Center in Dearborn, Michigan substantially in the form of Exhibit L hereto.

     (b) Each of the following terms is defined in the Section set forth
opposite such term:

<TABLE>
<CAPTION>
TERM                                     SECTION
----                                    --------
<S>                                     <C>
Agreement                               Preamble
Assumed Liabilities                        2.03
Benefit Arrangements                       3.18
Claim                                      8.03
Closing                                    2.06
Code                                       6.01
Company                                 Preamble
Company Maquila Programs                   5.07
Contributed Assets                         2.01
Contributed Contracts                      2.01
Contributed Inventories                    2.01
Contributed Real Property                  2.01
Controlling Party                          8.03
Customs Authority                          3.14
Damages                                    8.02
e-mail                                    10.01
Employee Plans                             3.18
ERISA                                      3.18
Excluded Assets                            2.02
Final Asset Allocation Schedule            6.01
Ford                                    Recitals
Indemnified Party                          8.03
Indemnifying Party                         8.03
Master Agreement                        Recitals
Material Contract                          3.07
Outside Date                               9.01
Permits                                    3.15
</TABLE>

                                       10

<PAGE>

<TABLE>
<CAPTION>
TERM                                     SECTION
----                                    --------
<S>                                     <C>
Petty Cash                                2.01
Pre-Closing Tax Period Taxes              6.02
Preliminary Asset Allocation Schedule     6.01
Property Taxes                            6.04
Statement of Assets                       3.05
Tax Benefit                               8.05
Third Party Claim                         8.03
Transfer Taxes                            6.05
Visteon                                 Preamble
Visteon "A" Transaction Agreement       Recitals
Visteon "B" Purchase Agreement          Recitals
Visteon Maquila Programs                  5.07
Visteon Retained Liabilities              2.04
Warranty Breach                           8.02
</TABLE>

     Section 1.02. Other Definitional and Interpretative Provisions. The words
"hereof", "herein" and "hereunder" and words of like import used in this
Agreement shall refer to this Agreement as a whole and not to any particular
provision of this Agreement. The captions herein are included for convenience of
reference only and shall be ignored in the construction or interpretation
hereof. References to Articles, Sections, Exhibits and Schedules are to
Articles, Sections, Exhibits and Schedules of this Agreement unless otherwise
specified. All Exhibits and Schedules annexed hereto or referred to herein are
hereby incorporated in and made a part of this Agreement as if set forth in full
herein. Any capitalized terms used in any Exhibit or Schedule but not otherwise
defined therein, shall have the meaning as defined in this Agreement. Any
singular term in this Agreement shall be deemed to include the plural, and any
plural term the singular. Whenever the words "include", "includes" or
"including" are used in this Agreement, they shall be deemed to be followed by
the words "without limitation", whether or not they are in fact followed by
those words or words of like import. "Writing", "written" and comparable terms
refer to printing, typing and other means of reproducing words (including
electronic media) in a visible form. References in this Agreement to any
agreement or contract are to that agreement or contract as amended, modified or
supplemented from time to time in accordance with the terms hereof and thereof.
References in this Agreement to any Person include the successors and permitted
assigns of that Person. References in this Agreement or any Schedule hereto from
or through any date mean, unless otherwise specified, from and including or
through and including, respectively.

                                       11

<PAGE>

                                    ARTICLE 2
                                  CONTRIBUTION

     Section 2.01. Contribution. Except as otherwise provided below (including
under Section 2.02) and subject to Section 2.05 and Section 5.07, upon the terms
and subject to the conditions of this Agreement, Visteon agrees to convey,
transfer, assign and deliver, or cause to be conveyed, transferred, assigned and
delivered, to VFH Holdings, LLC (a direct, wholly-owned Subsidiary of the
Company), or one or more other Subsidiaries of the Company as the Company may
designate prior to the Closing, at (and not before) the Closing as a capital
contribution, free and clear of all Liens, other than Permitted Liens, all of
Visteon's and its Affiliates' right, title and interest in, to and under the
assets, properties and business, of every kind and description, wherever
located, real, personal or mixed, tangible or intangible, known or unknown,
owned, held or used in or otherwise associated with the Business (the
"CONTRIBUTED ASSETS") as the same shall exist on the Closing Date (but with
respect to personal property located offsite (and not in transit to a Plant),
only to the extent listed on Schedule 2.01(ii)(B)), and including all right,
title and interest of Visteon and its Affiliates in, to and under the following,
to the extent owned, held or used in or otherwise associated with the Business:

          (i) with respect to each of the Plants, all associated owned real
     property, all leases and subleases of leased real property and other
     interests in real property, in each case as listed on Section 3.10(a) of
     the Disclosure Schedule (the "CONTRIBUTED REAL PROPERTY"), and all
     buildings, fixtures, and other improvements (including railroad spurs and
     other railroad access) located on and rights and interests appurtenant to
     the Contributed Real Property;

          (ii) (A) all personal property and interests therein, whether owned,
     leased, licensed, subleased or sublicensed, located at (or in transit (once
     title has transferred to Visteon or its Affiliates, whether such transfer
     of title occurs before or after Closing) to) the Plants, including
     machinery, equipment, tools, tooling, furniture, office equipment,
     communications equipment, computers, servers, workstations, data
     communications lines, and other information technology equipment, vehicles,
     containers, storage tanks, spare and replacement parts, fuel and other
     tangible property, including the items listed on Section 3.10(b) of the
     Disclosure Schedule; and (B) all personal property (including tooling,
     equipment and spare parts) and interests therein located offsite (and not
     in transit to a Plant) listed on Schedule 2.01(ii)(B);

          (iii) all raw materials, work-in-process, finished goods, supplies and
     other inventories, including core and scrap, whether located at a Plant,
     offsite or in transit (once title has transferred to Visteon or its
     Affiliates,

                                       12

<PAGE>

     whether such transfer of title occurs before or after Closing)
     (collectively, the "CONTRIBUTED INVENTORIES");

          (iv) all rights under all contracts, agreements, leases, licenses,
     commitments, sales and purchase orders and other instruments, including the
     items listed on Section 3.07 of the Disclosure Schedule (collectively,
     including the items listed on Section 3.07 of the Disclosure Schedule, the
     "CONTRIBUTED CONTRACTS");

          (v) all prepaid expenses, including ad valorem taxes, leases and
     rentals (and including, for the avoidance of doubt, any extraordinary
     prepaid expenses arising outside the ordinary course of business);

          (vi) all petty cash located at the operating facilities of the
     Business ("PETTY CASH"); provided that Visteon may remove any such petty
     cash prior to the Closing in which case it shall be considered an "Excluded
     Asset";

          (vii) all rights, claims, credits, causes of action or rights of
     set-off against third parties relating to or arising from the Contributed
     Assets, including unliquidated rights under manufacturers' and vendors'
     warranties (provided that any such rights, claims, causes of action or
     rights of set-off against third parties shall, to the extent relating to
     Visteon Retained Liabilities or to the businesses and assets of Visteon and
     its Affiliates other than the Contributed Assets and the Business, be
     deemed to be "Excluded Assets");

          (viii) the proceeds arising from the sale of any assets or properties
     subsequent to May 24, 2005 and prior to Closing as permitted under this
     Agreement (other than the sale of inventories permitted pursuant to Section
     4.01(b)(iv)(B)) that would have otherwise been Contributed Assets;

          (ix) all insurance proceeds relating to any damage, destruction or
     other casualty loss, and all awards and other proceeds relating to any
     taking by eminent domain or other condemnation or sale in lieu or
     contemplation thereof, with respect to any Contributed Asset received by
     Visteon and its Affiliates after May 24, 2005 and prior to the Closing
     (less the cost to collect any such proceeds, the amount of such proceeds
     expended to effect restoration of the applicable Contributed Asset and the
     amount of any such proceeds received to compensate Visteon or the
     applicable Affiliate for business interruption for periods prior to the
     Closing); and all rights, claims and causes of action with respect to any
     insurance proceeds relating to any damage, destruction or other casualty
     loss with respect to any Contributed Asset occurring prior to the Closing

                                       13

<PAGE>

     and not received by Visteon or the applicable Affiliate prior to the
     Closing; and unearned insurance premiums attributable to the Business for
     the remainder of the term of applicable insurance policies;

          (x) all Licensed Intellectual Property Rights and Owned Intellectual
     Property Rights that are assigned pursuant to the Intellectual Property
     Contribution Agreement and the Software License and Contribution Agreement
     and any other type of Intellectual Property Rights not contemplated or
     addressed in the Intellectual Property Contribution Agreement or the
     Software License and Contribution Agreement which is owned, held or used in
     or otherwise associated with the Business;

          (xi) all transferable licenses, permits or other governmental
     authorization primarily used in the Business, including the items listed on
     Section 3.15 of the Disclosure Schedule;

          (xii) all books, records, files and papers, whether in hard copy or
     computer format, or business processes, whether recorded or not, primarily
     used in the Business, including facility blueprints and plant layouts,
     process sheets, preventive maintenance schedules, environmental
     information, sales and promotional literature, engineering information,
     manuals and data, sales and purchase correspondence, lists of present and
     former suppliers, lists of present and former customers, legal files and
     papers, personnel and employment records (with respect to any personnel
     whose employment is transferred to Ford in connection with the transactions
     contemplated by this Agreement), any information relating to any Tax
     imposed on the Contributed Assets, and other financial, accounting and
     operational data, records and information primarily related to the
     Contributed Real Property and other Contributed Assets (and copies of the
     foregoing to the extent not primarily used in the Business or otherwise
     primarily related to the Contributed Real Property and other Contributed
     Assets); and

          (xiii) all goodwill associated with the Business or the Contributed
     Assets.

     Notwithstanding the foregoing, the Company shall have the right to exclude
from the Contributed Assets (in which case such assets shall be deemed to be
"Excluded Assets" for all purposes under this Agreement) (i) any Contributed
Contracts entered into prior to the date hereof and not made available to Ford
prior to August 18, 2005 with contingent liabilities or unacceptable commercial
terms, as determined by the Company (provided that the Company may not exclude
contracts citing unacceptable commercial terms or contingent liabilities if
substantially comparable terms or liabilities are found in other similar
contracts that are otherwise included in the Contributed Assets) by delivering

                                       14

<PAGE>

notice to Visteon three Business Days prior to the scheduled Closing Date
specifying which Contributed Contracts are to be excluded (except with respect
to any contract that is made available to Ford after the date that is eight
Business Days prior to the Closing Date, in which case Ford shall have five
Business Days after the date such contract is made available to notify Visteon
of its determination to exclude such contract) and (ii) any contracts entered
into by Visteon or any of its Affiliates between the date hereof and Closing in
breach of Section 4.01(b)(v); provided that if the Company exercises its right
to exclude any such contract pursuant to (A) clause (i), the Company shall have
no other rights or remedies against Visteon under this Agreement with respect to
any breach of representation or warranty by Visteon with respect to such
contract and (B) clause (ii), the Company shall have no other rights or remedies
against Visteon under this Agreement with respect to Visteon's breach of Section
4.01(b)(v) in entering into such contract.

     If any of the Contributed Assets under clause (ii)(B) of this Section 2.01
are required to be removed from Visteon's property after the Closing, the
Company shall, at the request of Visteon delivered within 30 days of the Closing
Date, promptly (and in any event within 180 days of such request (or, if a
different time period is provided for in the Master Services Agreement,
including the Statement of Work thereto, within such time period)) remove such
Contributed Assets, and Visteon shall provide access to its properties to allow
such removal, and such removal shall be at the Company's sole cost and expense,
and the Company agrees to promptly reimburse Visteon for any damage caused to
any of Visteon's assets or properties as a result of such removal and to
indemnify and hold Visteon harmless against any and all claims, losses, damages,
liabilities, costs and expenses incurred by Visteon or any of its Affiliates as
a result thereof. If any of the Contributed Assets under clause (xii) of this
Section 2.01 are located offsite and are not, as mutually agreed to by the
parties, delivered to the Company at Closing, Visteon shall provide or cause to
be provided to the Company reasonable access to such Contributed Assets after
the Closing.

     For the avoidance of doubt, with respect to any property included in the
"Contributed Assets" that is leased pursuant to a capital or operating lease,
(i) the leasehold interest (as opposed to the ownership title) will be
transferred to the Company (or its applicable Subsidiary) at the Closing
pursuant to this Agreement and (ii) the related capital or operating lease shall
be included in the "Contributed Contracts."

     Section 2.02. Excluded Assets. The Company expressly understands and
agrees that the following assets and properties of Visteon and its Affiliates
(the "EXCLUDED ASSETS") shall be excluded from the Contributed Assets:

          (i) (A) all accounts, notes and other receivables, (B) receivables
     billed or invoiced after the Closing Date with respect to

                                       15

<PAGE>

     production or service parts shipped by the Business to customers prior to
     the Closing and (C) all unbilled Ford accounts receivables for
     work-in-process tooling relating to Visteon's and its Affiliates' existing
     commercial arrangements with Ford and its Affiliates for Ford's vehicle
     programs;

          (ii) all of Visteon's cash and cash equivalents on hand and in banks,
     except for Petty Cash (subject to the proviso in Section 2.01(vi)) and the
     proceeds referred to in Section 2.01(viii) and (x);

          (iii) insurance policies, other than unearned insurance premiums
     attributable to the Business for the remainder of the term of the insurance
     policies, and insurance proceeds, and rights, claims and causes of action
     with respect to any insurance proceeds, referred to in Section 2.01(ix);

          (iv) the contracts, agreements, leases, licenses, commitments, sales
     and purchase orders and other instruments listed on Schedule 2.02(iv);

          (v) the engineering equipment located at the Visteon Product Assurance
     Center and the Visteon Technical Center in Dearborn, Michigan, except as
     listed on Schedule 2.02(v);

          (vi) the assets and property located at the Plants that are used
     primarily to support the businesses of Visteon and its Affiliates other
     than the Business, as listed on Schedule 2.02(vi);

          (vii) all of the Intellectual Property Rights of Visteon except as
     provided in Section 2.01(x); and

          (viii) any Contributed Assets sold or otherwise disposed of in the
     ordinary course of business and not in violation of any provisions of this
     Agreement during the period from the date hereof until the Closing Date.

     If any of the Excluded Assets are located at a Plant at the Closing, except
as provided for in the VPAC Agreement, the VTC Agreement or any other
Contribution Agreement Transaction Document, Visteon shall, at the request of
the Company delivered within 30 days of the Closing Date, promptly (and in any
event within 180 days of such request (or, if a different time period is
provided for in the Master Services Agreement, including the Statement of Work
thereto, within such time period)) remove such Excluded Assets from the Plant.
Such removal shall be at Visteon's sole cost and expense, and Visteon agrees to
promptly reimburse the Company for any damage caused to any of the Contributed
Assets as a result of such removal (or any removal of Excluded Assets from the
Plants prior to the Closing) and to indemnify and hold the

                                       16

<PAGE>

Company harmless against any and all claims, losses, damages, liabilities, costs
and expenses incurred by the Company or any of its Affiliates as a result
thereof.

     Section 2.03. Assumed Liabilities. (a) Upon the terms and subject to the
conditions set forth in this Agreement, the Company agrees, effective at the
time of the Closing, to timely perform and discharge in accordance with their
respective terms all Liabilities arising out of the post-Closing conduct or
operation of the Business by the Company or its Affiliates, other than the
Visteon Retained Liabilities (the "ASSUMED LIABILITIES"), including:

          (i) any Liability relating to or arising under the Contributed
     Contracts to the extent arising after the Closing (excluding, for the
     avoidance of doubt, Liabilities to the extent relating to matters or events
     occurring prior to Closing);

          (ii) any Liability relating to or arising from any products
     manufactured or (except for products not manufactured or otherwise acquired
     by the Business prior to the Closing) sold by the Business after the
     Closing, including warranty or recall obligations and product liabilities,
     but excluding any Liability to the extent included in the "Visteon Retained
     Liabilities" pursuant to clauses (A) or (B) of Section 2.04(iii); and

          (iii) any Liability for Property Taxes for which the Company is
     responsible under Section 6.04 hereof.

     (b) Notwithstanding the provisions of Section 2.03(a) or Section 2.04, (i)
nothing in Section 2.03(a) shall limit the right of the Company to be
indemnified under Article 8 for any breach of representation or warranty
contained in this Agreement or any other Contribution Agreement Transaction
Document by Visteon or with respect to the Visteon Retained Liabilities and (ii)
no Liability shall be considered (A) an "Assumed Liability" under this Agreement
if such Liability is expressly provided to be the responsibility of Visteon or
any of its Affiliates under any other Contribution Agreement Transaction
Document or (B) a "Visteon Retained Liability" if such Liability is expressly
provided to be the responsibility of the Company or any of its Affiliates under
any other Contribution Agreement Transaction Document. For purposes of Section
2.03(a) and Section 2.04, the words "Closing" and "Closing Date" shall mean the
consummation of the closing under the Visteon "B" Purchase Agreement, and the
date of the consummation of the closing the Visteon "B" Purchase Agreement,
respectively.

     Section 2.04. Visteon Retained Liabilities. Notwithstanding any provision
in this Agreement or any other Contribution Agreement Transaction Document to
the contrary, the Company is assuming only the Assumed Liabilities and is not

                                       17

<PAGE>

assuming any other Liability of Visteon or any of its Affiliates (or any
predecessor of any such Person or any prior owner of all or part of its
businesses and assets). All such other Liabilities shall be retained by and
remain Liabilities of Visteon and its Affiliates (all such Liabilities not being
assumed being herein referred to as the "VISTEON RETAINED LIABILITIES"), and
Visteon agrees to timely perform and discharge in accordance with their
respective terms all such other Liabilities relating to the Business.
Notwithstanding any provision in this Agreement or any other Contribution
Agreement Transaction Document to the contrary, Visteon Retained Liabilities
include:

          (i) any Liability that was assumed by Visteon pursuant to the Master
     Transfer Agreement (other than the Assumed Environmental Liabilities);

          (ii) any Liability to the extent relating to or arising under any
     Contributed Contract prior to the Closing or attributable to any failure by
     Visteon or its Affiliates to comply with the terms thereof prior to the
     Closing;

          (iii) any Liability relating to or arising from any product
     manufactured or sold by the Business prior to the Closing (except to the
     extent Liability for a product was expressly retained by Ford pursuant to
     the Master Transfer Agreement), including any warranty or recall obligation
     or product liabilities, and any Liability relating to or arising from (A)
     any design defect in any product manufactured by the Business after the
     Closing to the extent attributable to any design employed by Visteon or its
     Subsidiaries prior to the Closing or (B) any manufacturing defect in any
     product manufactured by the Business after the Closing until (x) the three
     month anniversary of the Closing (with respect to products manufactured at
     the Sterling or Rawsonville Plants) or (y) the six month anniversary of the
     Closing with respect to products manufactured at the other Plants, in each
     case using any manufacturing method employed by Visteon or its Subsidiaries
     prior to the Closing (it being understood and agreed by the parties that
     any claim by Ford as a customer of the Business with respect to products
     sold to Ford prior to the Closing shall be resolved pursuant to the terms
     of the applicable purchase order or other commercial arrangement);

          (iv) any Environmental Liability (other than the Assumed Environmental
     Liabilities);

          (v) any Liability arising out of any action, suit, investigation,
     inquiry or proceeding by or before any Governmental Authority that relates
     to or arises out of (A) facts, events, conditions, situations or set of
     circumstances, whether known or unknown, existing or occurring prior to

                                       18

<PAGE>

     the Closing with respect to the Business or the Contributed Assets,
     including all actions, suits, investigations and proceedings listed on
     Section 3.08 of the Disclosure Schedule or (B) the businesses of Visteon
     and its Affiliates other than the Business, in each case other than the
     Assumed Environmental Liabilities;

          (vi) any Liability relating to or arising under any trade payables or
     any Indebtedness, in each case except to the extent assumed by the Company
     pursuant to Section 2.03(a)(i);

          (vii) any Liability relating to any monetary obligation secured by any
     Permitted Liens, except to the extent assumed by the Company pursuant to
     Section 2.03(a)(i);

          (viii) subject to Section 6.04 with respect to Property Taxes, any
     Liability of Visteon, or any member of any consolidated, affiliated,
     combined or unitary group of which Visteon is or has been the parent
     company, for Taxes relating to any Pre-Closing Tax Period;

          (ix) any Liability relating to Visteon's employee benefits or
     compensation arrangements, including any Liability under any of Visteon's
     employee benefit agreements, plans or other arrangements listed on Section
     3.18 of the Disclosure Schedule;

          (x) any Liability relating to or arising from processes used or
     products manufactured, used, imported or sold by the Business prior to the
     Closing that may conflict with, misappropriate, infringe or otherwise
     violate any Intellectual Property Right of any third party or alleging that
     Visteon or any Affiliate of Visteon infringed, misappropriated or otherwise
     violated any Intellectual Property Right of any third party;

          (xi) any Liability of the Company or any Subsidiary of the Company to
     the extent relating to or arising from facts, events, conditions,
     situations or set of circumstances, whether known or unknown, existing or
     occurring prior to the Closing, other than the obligations of the Company
     under this Agreement; and

          (xii) any Liability relating to or arising from an Excluded Asset or
     any other asset, property or business of Visteon or its Affiliates that is
     not a Contributed Asset.

     Notwithstanding the provisions of this Section 2.04, no Liability shall be
considered a "Visteon Retained Liability" under this Agreement to the extent
such Liability results from Visteon's inability to take an action under Section
4.01 for which it had sought consent pursuant to Section 4.01 by virtue of the
Company's failure to consent to the taking of such action by Visteon.

                                       19

<PAGE>

     Section 2.05. Transfer or Assignment of Contributed Contracts and Rights.
Anything in this Agreement to the contrary notwithstanding, and except as
provided in the Software License and Contribution Agreement with respect to
software licenses, this Agreement shall not constitute an agreement to convey,
transfer or assign any Contributed Asset or any claim or right or any benefit
arising thereunder or resulting therefrom if such conveyance, transfer or
assignment, without the consent of a third party thereto, would constitute a
breach or other contravention of such Contributed Asset or in any way adversely
affect the rights of or require a material payment by the Company or Visteon
thereunder (unless such consent is obtained prior to the Closing). Visteon and
the Company will use their commercially reasonable efforts to obtain the consent
of the other parties to any such Contributed Asset or any claim or right or any
benefit arising thereunder for the assignment thereof to the Company (or
Subsidiary of the Company) and, to the extent required, the consummation of the
transactions contemplated by the Visteon "B" Purchase Agreement, as the Company
may request; provided, that, except as set forth in the Software License and
Contribution Agreement with respect to software licenses, in Section 5.03 of
this Agreement or in Section 5.04 of the Visteon "B" Purchase Agreement, such
efforts shall not require Visteon or the Company to incur any material expenses
or Liabilities or provide any material financial accommodation or to provide a
guarantee to obtain any such consent (provided that Visteon agrees to accept a
consent notwithstanding that it does not include a release). If such consent is
not obtained, or if an attempted conveyance, transfer or assignment thereof
would be ineffective, would adversely affect the rights of Visteon thereunder so
that the Company would not in fact receive all such rights, or would require a
material payment by the Company or Visteon, until such consent is obtained
(whereupon such Contributed Asset shall be promptly transferred by Visteon to
the Company or applicable Subsidiary of the Company pursuant to the applicable
provisions of this Agreement), Visteon and the Company will cooperate in a
mutually agreeable arrangement under which the Company would obtain benefits and
assume obligations thereunder, including making any required payments
thereunder, in accordance with this Agreement, including sub-contracting,
sub-licensing, or sub-leasing to the Company, or under which Visteon would
enforce or operate for the benefit of the Company the applicable Contributed
Asset and any claim, right or benefit arising thereunder. Visteon will promptly
pay to the Company when received all monies received by Visteon under any
Contributed Asset or any claim, right or benefit arising thereunder, except to
the extent the same represents an Excluded Asset.

     Section 2.06. Closing. The closing (the "CLOSING") of the contribution of
the Contributed Assets and the assumption of the Assumed Liabilities hereunder
shall take place at the offices of Dykema Gossett PLLC, 400 Renaissance Center,
Detroit, Michigan 48243, on September 30, 2005 or, if the conditions set forth
in Article 7 are not satisfied (or waived by the party entitled to waive that
condition) by such date, promptly after such time as such conditions are
satisfied or waived.

                                       20

<PAGE>

     Section 2.07. Deliveries at Closing. (a) Deliveries by the Company to
Visteon. At the Closing, the Company shall deliver to Visteon:

          (i) A counterpart of each of the following Contribution Agreement
     Transaction Documents duly executed by the Company (or Subsidiary of the
     Company, as appropriate):

               (A) Assignment and Assumption Agreement.

               (B) Bill of Sale.

               (C) Company-Visteon Purchase and Supply Agreement.

               (D) Intellectual Property Contribution Agreement.

               (E) Master Services Agreement.

               (F) Mexico Asset Purchase Agreements.

               (G) Software License and Contribution Agreement.

               (H) Visteon-Company Purchase and Supply Agreement.

               (I) Visteon Hourly Employee Lease Agreement.

               (J) Visteon Salaried Employee Lease Agreement.

               (K) VPAC Agreement.

               (L) VTC Agreement.

          (ii) All documents Visteon may reasonably request relating to the
     existence of the Company and the authority of the Company for this
     Agreement and each other Contribution Agreement Transaction Document to
     which it is a party (such as secretary's certificates, certified copies of
     the Company's Certificate of Formation and limited liability company
     agreement, and good standing and bring-down certificates), all in form and
     substance reasonably satisfactory to Visteon.

     (b) Deliveries by Visteon to the Company. At the Closing, Visteon shall
deliver to the Company:

          (i) A counterpart of each of the following Contribution Agreement
     Transaction Documents duly executed by Visteon (or Affiliate of Visteon, as
     appropriate):

                                       21

<PAGE>

               (A) Assignment and Assumption Agreement.

               (B) Bill of Sale.

               (C) Company-Visteon Purchase and Supply Agreement.

               (D) Intellectual Property Contribution Agreement.

               (E) Master Services Agreement.

               (F) Mexico Asset Purchase Agreements.

               (G) Software License and Contribution Agreement.

               (H) Visteon-Company Purchase and Supply Agreement.

               (I) Visteon Hourly Employee Lease Agreement.

               (J) Visteon Salaried Employee Lease Agreement.

               (K) VPAC Agreement.

               (L) VTC Agreement.

          (ii) Such quitclaim deeds time stamped for recording on the Closing
     Date by the applicable register of deeds or similar entity (provided that,
     to the extent it is not possible to have a deed time stamped for recording
     on the Closing Date, Visteon shall use commercially reasonable efforts to
     cause Lawyers Title Insurance Corporation to have such deed time stamped
     for recording on the next Business Day), bills of sale, endorsements,
     assignments and other good and sufficient instruments of conveyance and
     assignment necessary or appropriate to vest in VFH Holdings, LLC (or, with
     respect to all or a portion of the Contributed Assets, one or more other
     Subsidiaries of the Company as the Company may designate prior to the
     Closing) all right, title and interest in, to and under the Contributed
     Assets.

          (iii) Consents (with respect to the transactions contemplated by this
     Agreement and the Visteon "B" Purchase Agreement) from each landlord or
     licensor with respect to the Contributed Real Property listed on Schedule
     2.07(b)(iii), in each case in form and substance reasonably satisfactory to
     the Company, and, to the extent obtained prior to the Closing, estoppel
     certificates related thereto (it being understood and agreed by the parties
     that Visteon shall use commercially reasonable

                                       22

<PAGE>

     efforts to obtain, prior to the Closing, such estoppel certificates, as
     well as estoppel certificates and consents (with respect to the
     transactions contemplated by this Agreement and the Visteon "B" Purchase
     Agreement) from each landlord or licensor with respect to each other leased
     or licensed Contributed Real Property, in each case in form and substance
     reasonably satisfactory to the Company);

          (iv) All documents the Company may reasonably request relating to the
     existence of Visteon (or Affiliates of Visteon that are party to any
     Contribution Agreement Transaction Document) and its authority for this
     Agreement and each other Contribution Agreement Transaction Document (such
     as secretary's certificates, certified copies of such Person's charter and
     by-laws or other organizational documents, and good standing and bring-down
     certificates), all in form and substance reasonably satisfactory to the
     Company.

                                    ARTICLE 3
                    REPRESENTATIONS AND WARRANTIES OF VISTEON

     Visteon represents and warrants to the Company as of the date hereof and as
of the Closing Date (subject to any exceptions disclosed on the correspondingly
numbered Section of the Disclosure Schedule) that:

     Section 3.01. Corporate Existence and Power. Visteon is a corporation duly
incorporated, validly existing and in good standing under the laws of its
jurisdiction of incorporation and has all corporate powers required to carry on
its business as now conducted. Visteon is duly qualified to do business as a
foreign corporation and is in good standing in each jurisdiction where such
qualification is necessary, except for those jurisdictions where failure to be
so qualified would not, individually or in the aggregate, have a Material
Adverse Effect.

     Section 3.02. Corporate Authorization. The execution, delivery and
performance by Visteon (and each of its Affiliates that is or will be a party to
any Contribution Agreement Transaction Document) of this Agreement and each
other Contribution Agreement Transaction Document to which it is a party and the
consummation of the transactions contemplated hereby and thereby are within
Visteon's corporate powers and have been duly authorized by all necessary
corporate action on the part of Visteon. This Agreement and each other
Contribution Agreement Transaction Document to which it is or will be a party
constitutes or will constitute when executed (assuming the due authorization,
execution and delivery by the other parties thereto) a valid and binding
agreement of Visteon and each of its Affiliates that is or will be a party to
any Contribution Agreement Transaction Document, enforceable against Visteon (or
such Affiliates) in accordance with their respective terms, subject to
applicable

                                       23

<PAGE>

bankruptcy, insolvency, reorganization, moratorium and similar laws affecting
creditors' rights and remedies generally, and subject, as to enforceability, to
general principles of equity, including principles of commercial reasonableness,
good faith and fair dealing (regardless of whether enforcement is sought in a
proceeding at law or in equity).

     Section 3.03. Governmental Authorization. The execution, delivery and
performance by Visteon (and each of its Affiliates that is or will be a party to
any Contribution Agreement Transaction Document) of this Agreement and each
other Contribution Agreement Transaction Document to which it is a party and the
consummation of the transactions contemplated hereby and thereby require no
action by or in respect of, or filing with, any Governmental Authority.

     Section 3.04. Noncontravention. (a) The execution, delivery and performance
by Visteon (and each of its Affiliates that is or will be a party to any
Contribution Agreement Transaction Document) of this Agreement and each other
Contribution Agreement Transaction Document to which it is a party and the
consummation of the transactions contemplated hereby and thereby do not and will
not (i) violate its certificate of incorporation or bylaws or other
organizational documents, (ii) violate in any material respect any applicable
law, rule, regulation, judgment, injunction, order or decree, (iii) assuming the
obtaining of all consents set forth on Section 3.04(b) of the Disclosure
Schedule, constitute a default under or give rise to any right of termination,
cancellation or acceleration of any right or obligation of the Company or to a
loss of any benefit relating to the Business to which Visteon or any of its
Affiliates is entitled under any provision of any material agreement or other
material instrument binding upon Visteon or any of its Affiliates or any
Material Contract included in the Contributed Assets or by which any of the
Contributed Assets may be bound or (iv) result in the creation or imposition of
any Lien on any material Contributed Asset other than any Permitted Lien.

     (b) Section 3.04(b) of the Disclosure Schedule sets forth each material
agreement, contract, lease, license or other instrument binding upon Visteon or
any of its Affiliates or any material Permit (including any material
Environmental Permit) requiring a consent or other action by any Person as a
result of the execution, delivery and performance by Visteon or any of its
Affiliates of this Agreement, any other Contribution Agreement Transaction
Document or the Visteon "B" Purchase Agreement.

     Section 3.05. Statement of Assets; Financial Statements. (a) Section
3.05(a) of the Disclosure Schedule sets forth a true and correct statement from
Visteon's accounting records of the balance sheet line item amounts with respect
to inventory and the other categories of properties and assets located at the
Plants and included in the Contributed Assets as of June 30, 2005 (the
"STATEMENT OF ASSETS").

                                       24

<PAGE>

     (b) Section 3.05(b) of the Disclosure Schedule sets forth the unaudited
consolidating internal statements of income for the Business, and the unaudited
statements of income for each of the Plants that is contained within such
consolidating statements, for the year ended December 31, 2004, and for the
three months ended March 31, 2005. These statements have been prepared from
Visteon's internal accounting records and include, by Plant, all costs directly
identified and charged to a Plant, and reasonable allocations, by Plant, of
other costs not directly identified or charged to a Plant based on Visteon's
practices for cost allocation, for the periods then ended. The information used
to prepare the unaudited internal statements of income use as a basis for its
preparation GAAP, applied on a consistent basis, used by Visteon in the
preparation of its consolidated financial statements for the same periods. The
unaudited internal estimated balance sheet as of December 31, 2004 has been
prepared solely for purposes of analysis from Visteon's accounting records and
includes certain assets and liabilities historically identified with a Plant
(largely, inventories and most of property, plant and equipment) and estimates
for the remaining assets and liabilities not specifically historically
identified to a Plant.

     Section 3.06. Absence of Certain Changes. Since May 24, 2005 through the
date hereof, the Business has been conducted in the ordinary course consistent
with past practices and in compliance with paragraph 16 of the Summary of Terms
of Proposed Transactions attached to the MOU, and there has not been:

          (a) any event, occurrence, development or state of circumstances or
     facts which, individually or in the aggregate, has had or would reasonably
     be expected to have a Material Adverse Effect;

          (b) any creation or other incurrence of any Lien on any material
     Contributed Asset other than any Permitted Lien;

          (c) any transaction or commitment made, or any contract or agreement
     entered into, by Visteon or any Affiliate of Visteon relating to the
     Business or any Contributed Asset (including the acquisition or disposition
     of any assets) or any relinquishment by Visteon or any Affiliate of Visteon
     of any contract or other right, in either case, material to the Business,
     other than transactions and commitments in the ordinary course of business
     consistent with past practices and those contemplated by this Agreement;

          (d) any change in any method of accounting or accounting practice by
     Visteon or any Subsidiary of Visteon with respect to the Business;

          (e) except for any changes relating to OPEB liability that have been
     announced prior to the date hereof, any material change in the

                                       25

<PAGE>

     compensation payable or to become payable to any employees who will be
     providing services exclusively to the Business pursuant to the Visteon
     Salaried Employee Lease Agreement, other than normal recurring salary
     increases in the ordinary and usual course of business consistent with past
     practice, or any entry into or amendment of any employment, severance,
     consulting, termination or other agreement with, or any Employee Plans or
     Benefit Arrangements for, or the making of any loan or advance to, any of
     its employees who will be providing services exclusively to the Business
     pursuant to the Visteon Salaried Employee Lease Agreement; or any change in
     its existing borrowing or lending arrangements for or on behalf of any of
     such employees or service providers pursuant to such plans or otherwise; or

          (f) any commitment for a capital expenditure in excess of $500,000
     individually or in the aggregate with respect to a project, for additions
     or improvements to property, plant and equipment with respect to any Plant
     (other than commitments under the Master Equipment Bailment Agreement
     between Ford and Visteon dated as of March 10, 2005, as amended).

     Section 3.07. Material Contracts. (a) As of the date hereof, except as
disclosed in Section 3.07(a) of the Disclosure Schedule (each such contract,
agreement, lease, license, commitment, arrangement, or other similar instrument
disclosed, or required to be disclosed, on Section 3.07(a) or Section
3.13(a)(ii) of the Disclosure Schedule, a "MATERIAL CONTRACT"), neither Visteon
nor any of its Affiliates is a party to or bound by, with respect to the
Business:

          (i) (A) any lease or license of real property (other than warehouse
     space leased by Visteon pursuant to a purchase order for a term of one year
     or less and providing for annual rentals of $200,000 or less); (B) any
     lease or license of any engineering or manufacturing equipment; or (C) any
     other lease or license or renewal of an existing lease or license providing
     for annual rentals of $100,000 or more or for a term in excess of one year;

          (ii) (A) any agreement (including non-production purchase orders but
     excluding production purchase orders using Visteon's standard terms and
     conditions) for the purchase of (1) materials, supplies, goods, services,
     equipment or other assets (other than real property) providing for
     aggregate payments by Visteon or any Affiliate of $500,000 or more or for a
     term in excess of one year or (2) any real property; and (B) any production
     purchase order with terms that are different from Visteon's standard
     purchase order terms and conditions (a true and correct copy of which has
     been made available to Ford prior to the date hereof);

                                       26

<PAGE>

          (iii) any sales (other than sales to Ford or its Affiliates),
     distribution or other similar agreement (including purchase orders)
     providing for the sale by Visteon or any Affiliate of materials, supplies,
     goods, services, equipment or other assets;

          (iv) any partnership, joint venture or other similar agreement or
     arrangement;

          (v) any collective bargaining agreement;

          (vi) any agreement relating to the acquisition or disposition of any
     business (whether by merger, sale of stock, sale of assets or otherwise);

          (vii) any material option, license, franchise or similar agreement;

          (viii) any material agency, dealer, sales representative, marketing or
     other similar agreement;

          (ix) any agreement that (A) limits the freedom of Visteon or any of
     its Affiliates to compete in any line of business or with any Person or in
     any area or which would so limit the freedom of the Company or any of its
     Affiliates after the Closing Date or (B) contains exclusivity obligations
     or restrictions (other than, for the avoidance of doubt, ordinary course
     volume commitments) binding on Visteon or any of its Affiliates or that
     would be binding on the Company or any of its Affiliates after the Closing
     Date;

          (x) any agreement with a Governmental Authority which provides for a
     tax abatement, investment incentive or similar right or benefit with
     respect to any Contributed Real Property;

          (xi) any agreement with or for the benefit of a Related Party; or

          (xii) any other agreement, commitment, arrangement or plan not made in
     the ordinary course of business that is material to the Business.

     (b) Each Material Contract is a valid and binding agreement of Visteon or
its Affiliate and is in full force and effect (except to the extent it
terminates in accordance with its terms after the date hereof and prior to
Closing), and none of Visteon or its Affiliate or, to the knowledge of Visteon,
any other party thereto is in default or breach in any material respect under
the terms of any such Material Contract, and, to the knowledge of Visteon, no
event or circumstance has occurred that, with notice or lapse of time or both,
would constitute an event of default thereunder. True and complete copies of
each such Material Contract,

                                       27

<PAGE>

including all exhibits, schedules and other attachments thereto, and all
extensions, amendments, supplements and other modifications thereof, have been
made available to Ford prior to August 18, 2005. As of the date hereof, no third
party to a Material Contract has informed Visteon or its Affiliates or their
respective representatives that such third party intends to terminate such
Material Contract.

     Section 3.08. Litigation. There is no action, suit, investigation, inquiry
or proceeding (or, to the knowledge of Visteon, any basis therefor) pending
against, or to the knowledge of Visteon, threatened against or affecting, the
Business or any Contributed Asset before any Governmental Authority which,
individually or in the aggregate, if determined or resolved adversely in
accordance with the plaintiff's demands, (i) would involve damages against or
liabilities to Visteon or its Affiliates in excess of $500,000 or would
otherwise reasonably be expected to be material to the Business or (ii) which in
any manner challenges or seeks to prevent, enjoin or materially delay the
transactions contemplated by this Agreement.

     Section 3.09. Compliance with Laws and Court Orders. Neither Visteon nor
any of its Affiliates is in material violation of, or has since January 1, 2004
materially violated, or to the knowledge of Visteon is under investigation with
respect to or has been threatened to be charged with or given notice of any
material violation of, any law, rule, regulation, judgment, injunction, order or
decree applicable to the Contributed Assets or the conduct of the Business. The
representations and warranties in this Section 3.09 shall not apply to the
matters subject to Section 3.12, as to which the representations and warranties
in Section 3.12 shall apply.

     Section 3.10. Properties. (a) Section 3.10(a) of the Disclosure Schedule
lists all real property which Visteon or any Affiliate of Visteon owns, leases
(other than warehouse space leased by Visteon pursuant to a purchase order for a
term of one year or less and providing for annual rentals of $200,000 or less),
subleases, licenses, sublicenses, operates or otherwise uses or holds for use in
or is otherwise associated with the Business (other than Excluded Assets).
Visteon has prior to the date hereof provided to Ford true and complete copies
of the following: (i) in the case of each real property, any title insurance
policies, title commitments and surveys, in each case existing on the date
hereof, with respect thereto held by Visteon or the applicable Subsidiary and
any Permitted Liens thereon, (ii) in the case of each leased real property
(other than warehouse space leased by Visteon pursuant to a purchase order for a
term of one year or less and providing for annual rentals of $200,000 or less),
the applicable lease or sublease and all extensions, amendments, supplements and
other modifications thereof, and (iii) in the case of each other real property,
the applicable interest and instrument creating such interest and all
extensions, amendments, supplements and other modifications thereof.

                                       28

<PAGE>

     (b) Section 3.10(b) of the Disclosure Schedule describes all material
personal property (A) used or held for use in the Business and not located at a
Plant (e.g., tooling and equipment located offsite) or (B) leased in the
Business, in each case included in the Contributed Assets, and any Liens
thereon, specifying, in the case of clause (B), the name of the lessor or
sublessor, the lease term and basic annual rent.

     (c) Visteon or each applicable Affiliate of Visteon has good and
marketable, indefeasible, fee simple title to, except for Permitted Liens, or in
the case of leased real property or material personal property has valid
leasehold interests in, all Contributed Assets (whether real, personal, tangible
or intangible).

     (d) No Contributed Asset is subject to any Lien, except Permitted Liens.
There is no damage, destruction or other casualty and Visteon has not received
any written notice of any taking by eminent domain or other condemnation or sale
in lieu or contemplation thereof affecting any of the Contributed Assets which
would materially detract from the value or materially interfere with any present
or intended use of such Contributed Assets.

     (e) The Contributed Real Property includes all real property, and only such
real property, as is used, held for use in or is otherwise associated with the
Business.

     (f) The legal descriptions in the quit claim deeds transferring ownership
of the owned Plants are the same as the legal descriptions in the quit claim
deeds given from Ford to Visteon pertaining to such Plants except for those
portions of certain Plant properties sold by Visteon during their ownership of
same as listed on Section 3.10(f) of the Disclosure Schedule.

     Section 3.11. Sufficiency of and Title to the Contributed Assets. (a) The
Contributed Assets constitute all of the property and assets (other than the
Excluded Assets) used or held for use in the Business. The Contributed Assets,
together with the rights of the Company under the Contribution Agreement
Transaction Documents, are adequate to conduct the Business as currently
conducted.

     (b) Section 3.11 of the Disclosure Schedule sets forth a description of the
material services currently provided to the Business, to the knowledge of
Visteon, (i) by third parties pursuant to agreements or arrangements with
Visteon or its Affiliates that will not be included in the Contributed Assets
and will not be provided as a Service (as defined in the Master Services
Agreement) (but only to the extent not provided as a Service) pursuant to the
Master Services Agreement or (ii) by Visteon or its Affiliates and which will
not be provided to the Business after consummation of the transactions
contemplated by this Agreement and the Visteon "B" Purchase Agreement.

                                       29

<PAGE>

     Section 3.12. Products. (a) Each of the products produced or sold by
Visteon or its Affiliates in connection with the Business is, and at all times
up to and including the sale thereof has been, in compliance in all material
respects with all applicable federal, state, local and foreign laws and
regulations as in effect at all times up to and including the sale thereof, and
meets in all material respects the requirements of the purchase order or other
contract, commitment or arrangement pursuant to which it was produced or sold.

     (b) Since the Spin-Off Date, neither Visteon nor any of its Affiliates has
received notice or information from any Person other than Ford and its
Affiliates as to any material claim or allegation of personal injury, death, or
property or economic damages, loss of use, sales or profits or otherwise, any
claim for punitive or exemplary damages, any claim for contribution or
indemnification, or any claim for injunctive relief in connection with any
product manufactured, sold or distributed by the Business, or based on any acts,
omissions, manufacturing, labeling or design defects or strict liability.

     Section 3.13. Intellectual Property. (a) Section 3.13(a)(i) of the
Disclosure Schedule contains a true and complete list of each of the
registrations and applications for registrations and other material Intellectual
Property Rights included in the Owned Intellectual Property Rights. Section
3.13(a)(ii) of the Disclosure Schedule contains, as of the date hereof, a true
and complete list of all material agreements (whether written or otherwise,
including license agreements, research agreements, development agreements,
confidentiality agreements, distribution agreements, settlement agreements,
consent to use agreements and covenants not to sue, but excluding licenses for
personal computer software that are generally available on nondiscriminatory
pricing terms and have an individual acquisition cost of $500 per seat or less)
to which Visteon or any of its Affiliates is a party or otherwise bound,
granting or restricting any right to use, exploit or practice any Owned
Intellectual Property Rights or Licensed Intellectual Property Rights that are
necessary to, used or held for current or future use in the Business.

     (b) To the knowledge of Visteon, the Licensed Intellectual Property Rights
and the Owned Intellectual Property Rights together constitute all the
Intellectual Property Rights necessary to, used or held for use in, or
associated with the Business. Subject to the terms of existing agreements and
other arrangements, there exist no restrictions on the disclosure, use, license
or transfer of the Owned Intellectual Property Rights. Assuming the obtaining of
all consents set forth on Section 3.04(b) of the Disclosure Schedule, the
consummation of the transactions contemplated by this Agreement will not
constitute a default under or give rise to any right of termination,
cancellation or acceleration of any right or obligation of the Company or to a
loss of any benefit relating to the Business to which Visteon or any of its
Affiliates is entitled under any provision of any material agreement or other
material instrument binding Visteon or any of its Affiliates or any Licensed
Intellectual Property Rights that

                                       30

<PAGE>

are material to the Business or by which any of the Owned Intellectual Property
Rights or Licensed Intellectual Property Rights, in each case that are material
to the Business, may be bound.

     (c) To the knowledge of Visteon, neither Visteon nor any Affiliate of
Visteon has infringed, misappropriated or otherwise violated any Intellectual
Property Right of any third party, and to the knowledge of Visteon, no Person
has infringed, misappropriated or otherwise violated any Owned Intellectual
Property Right. Section 3.13(c) of the Disclosure Schedule lists a true and
complete list of each claim, action, suit, investigation, inquiry or proceeding
pending against, or, to the knowledge of Visteon, threatened against or
affecting, the Business or any present or former officer, director or employee
of the Business (i) based upon, or challenging or seeking to deny or restrict,
the rights of Visteon or any Affiliate of Visteon in any of the Owned
Intellectual Property Rights or the Licensed Intellectual Property Rights, (ii)
alleging that processes used or products manufactured, used, imported or sold
with respect to the Business do or may conflict with, misappropriate, infringe
or otherwise violate any Intellectual Property Right of any third party or (iii)
alleging that Visteon or any Affiliate of Visteon infringed, misappropriated or
otherwise violated any Intellectual Property Right of any third party.

     (d) To the knowledge of Visteon none of the Owned Intellectual Property
Rights or Licensed Intellectual Property Rights material to the operation of the
Business has been adjudged by a court of competent jurisdiction invalid or
unenforceable in whole or part, and, to the knowledge of Visteon, all such Owned
Intellectual Property Rights and Licensed Intellectual Property Rights are valid
and enforceable.

     (e) Visteon or an Affiliate of Visteon holds all right, title and interest
in and to all Owned Intellectual Property Rights and all of the licenses under
the Licensed Intellectual Property Rights, free and clear of any Lien, other
than Permitted Liens. Visteon or an Affiliate of Visteon has taken all
commercially reasonable actions necessary to maintain the Owned Intellectual
Property Rights and their rights in the Licensed Intellectual Property Rights
that are material to the Business, including payment of applicable maintenance
fees and filing of applicable statements of use.

     (f) Visteon or an Affiliate of Visteon has taken reasonable steps in
accordance with normal industry practice to maintain the confidentiality of all
confidential Intellectual Property Rights. None of the Intellectual Property
Rights that are material to the Business and the value of which to the Business
is contingent upon maintaining the confidentiality thereof, has been disclosed
other than to employees, directors, officers, representatives and agents of
Visteon or an Affiliate of Visteon, its customers, joint venture partners, joint
development collaborators, suppliers, distributors or other third parties in
accordance with

                                       31

<PAGE>

normal industry practices, all of whom are bound by confidentiality obligations
substantially in the form previously disclosed to the Company.

     (g) With respect to pending applications and applications for registration
of the Owned Intellectual Property Rights that are material to the Business,
Visteon is not aware of any reason that would reasonably be expected to prevent
any such application or application for registration from being granted with
coverage substantially equivalent to the latest amended version of the pending
application or application for registration. To the knowledge of Visteon, none
of the trademarks, service marks, applications for trademarks and applications
for service marks included in the Owned Intellectual Property Rights that are
material to the Business is currently the subject of an opposition or
cancellation procedure. To the knowledge of Visteon, none of the patents and
patent applications included in the Owned Intellectual Property Rights that are
material to the Business is currently the subject of an interference, protest,
opposition, public use proceeding or third party reexamination request.

     Section 3.14. Customs. With respect to the conduct of the Business, Visteon
and its Affiliates are in material compliance with the laws and regulations
administered by the United States Bureau of Customs and Border Protection
service or any other applicable United States or foreign government customs
authority (each, a "CUSTOMS AUTHORITY"), and there are no material claims
pending, or to the knowledge of Visteon threatened, by any Customs Authority for
duties, Taxes, fees, penalties or liquidated damages. Without limiting the
generality of the foregoing, with respect to the conduct of the Business, all
goods that have been imported temporarily into Mexico are specifically included
in the maquiladora authorization of the applicable Subsidiary of Visteon, such
Subsidiary has possession of the import documents, including attachments, to
cover all Contributed Assets imported by such Subsidiary into Mexico, that are
required by applicable law, and such Subsidiary has invoices for Contributed
Assets purchased by such Subsidiary within the Mexican domestic market,
containing such information as is required by Article 29-A of the Codigo Fiscal
de la Federacion of Mexico.

     Section 3.15. Licenses and Permits. Section 3.15 of the Disclosure Schedule
correctly describes each material license, franchise, permit, certificate,
approval or other similar authorization affecting, or relating in any way to,
the Business or the Contributed Assets including those required under applicable
building, zoning, land use and similar laws (the "PERMITS") together with the
name of the government agency or entity issuing such Permit. The Permits are
valid and in full force and effect. None of Visteon or any of its Affiliates is
in default in any material respect, and no condition exists that with notice or
lapse of time or both would constitute a material default, under the Permits.
None of the Permits will, assuming the related consents disclosed on Section
3.04(b) of the Disclosure Schedule have been obtained prior to the Closing Date,
be terminated

                                       32

<PAGE>

or impaired or become terminable, in whole or in part, as a result of the
transactions contemplated hereby.

     Section 3.16. Inventories. (a) The inventories set forth in the Statement
of Assets were properly stated therein at the lower of cost or market determined
in accordance with GAAP applied on a consistent basis in accordance with the
Inventory Accounting Principles (as defined in the Visteon "B" Purchase
Agreement).

     (b) Since June 30, 2005, the inventories related to the Business have been
maintained in the ordinary course of business. All such inventories are owned
free and clear of all Liens, except for Permitted Liens. All of the inventories
set forth in the Statement of Assets consist of, and all inventories related to
the Business on the Closing Date will consist of, items of merchantable quality
usable or saleable in the normal course of the Business and (except to the
extent of reserves provided for in the Statement of Assets) are and will be in
quantities sufficient for the normal operation of the Business in accordance
with past practice. With respect to the Business and Contributed Assets, Visteon
is, and since December 31, 2004 has been, in material compliance with its
inventory control practices as described in the current Visteon Finance Manual.

     Section 3.17. Taxes. Visteon and each Affiliate of Visteon contributing
Contributed Assets under this Agreement have timely filed all material Tax
Returns required to be filed on or before the date hereof relating to Taxes
attributable to or levied upon the Contributed Assets and have paid all material
Taxes due in connection with the taxable periods to which such Tax Returns
relate. No claim has been asserted, nor any action or proceeding commenced, nor,
to the knowledge of Visteon, has any investigation commenced that would
reasonably be expected to give rise to any Lien for Taxes on the Contributed
Assets, other than Permitted Liens. Visteon and each of its Affiliates have
timely paid all Taxes required to be paid on or prior to the date hereof, the
nonpayment of which would result in a Lien (other than a Permitted Lien) on any
Contributed Assets. None of the Contributed Assets are treated as "tax exempt
use property" within the meaning of Section 168(h) of the Code. There is no
action, suit, claim, audit or similar proceeding (regardless of whether such
action, suit, claim, audit or similar proceeding would give rise to a Permitted
Lien) now proposed or pending against or with respect to Visteon or any
Affiliate contributing Contributed Assets under this Agreement in respect of any
Tax with respect to the Business.

     Section 3.18. ERISA Representations. (a) Section 3.18(a) of the Disclosure
Schedule lists, as of the date hereof, each "employee benefit plan," as such
term is defined in Section 3(3) of the Employment Retirement Income Security Act
of 1974 ("ERISA"), which (i) is subject to any provision of ERISA, (ii) is
maintained, administered or contributed to by Visteon or any of its ERISA

                                       33

<PAGE>

Affiliates and (iii) covers any current or former Visteon employee (hereinafter
referred to collectively as the "EMPLOYEE PLANS").

     (b) Except as disclosed on Section 3.18(b) of the Disclosure Schedule, no
Employee Plan is a "Multiemployer Plan" (within the meaning of Section 3(37) of
ERISA) or is subject to Title IV of ERISA. Neither Visteon nor any of its ERISA
Affiliates has incurred any liability under Title IV of ERISA or any applicable
provision of the Code, arising in connection with the termination of or complete
or partial withdrawal from any plan covered or previously covered by Title IV of
ERISA or as a result of any violation of applicable law, in each case, that
could become, after the Closing Date, an obligation of the Company. Each
Employee Plan has been maintained in substantial compliance with its terms and
in all material respects with applicable law.

     (c) No transaction prohibited by Section 406 of ERISA or Section 4975 of
the Code has occurred with respect to any Employee Plan covered by Title I of
ERISA, which transaction has or will cause the Company or any of its
Subsidiaries to incur any liability under ERISA, the Code or otherwise,
excluding transactions effected pursuant to and in compliance with a statutory
or administrative exemption. No "accumulated funding deficiency", as defined in
Section 412 of the Code, has been incurred with respect to any Employee Plan
subject to such Section 412, whether or not waived. No "reportable event",
within the meaning of Section 4043 of ERISA, and except for the transactions
contemplated by this Agreement or in connection therewith, no event described in
Section 4062 or 4063 of ERISA, has occurred in connection with any Employee
Plan. Neither Visteon nor any ERISA Affiliate of Visteon has (i) engaged in, or
is a successor or parent corporation to an entity that has engaged in, a
transaction described in Sections 4069 or 4212(c) of ERISA or (ii) incurred, or
reasonably expects to incur prior to the Closing Date, (A) any liability under
Title IV of ERISA arising in connection with the termination of, or a complete
or partial withdrawal from, any plan covered or previously covered by Title IV
of ERISA or (B) any liability under Section 4971 of the Code that in either case
could become a liability of the Company or any Subsidiary or any ERISA
Affiliates thereof after the Closing Date. The assets of the Company and all of
its Subsidiaries are not now, nor will they after the passage of time be,
subject to any Lien imposed under Code Section 412(n) by reason of a failure of
any of Visteon or any of its Affiliates to make timely installments or other
payments required under Code Section 412.

     (d) Each Employee Plan which is intended to be qualified under Section
401(a) of the Code is so qualified and has been so qualified during the period
from its adoption to date, and each trust forming a part thereof is exempt from
tax pursuant to Section 501(a) of the Code. Each Employee Plan has been
maintained in substantial compliance with its terms and in all material respects
with the

                                       34

<PAGE>

requirements prescribed by any and all applicable statutes, orders, rules and
regulations, including but not limited to ERISA and the Code.

     (e) Section 3.18(e) of the Disclosure Schedule includes a list of each
employment, severance, termination pay, change in control or other similar
contract, agreement, arrangement or policy (written or, with respect to such
arrangements that may result in Visteon payments that exceed $100,000, oral),
existing as of the date hereof, and each plan, program, contract, agreement,
policy or arrangement (written or, with respect to such arrangements, existing
as of the date hereof, that may result in Visteon payments that exceed $100,000,
oral) providing for profit-sharing, bonuses, stock options, stock appreciation,
stock purchase or other forms of incentive compensation, deferred compensation,
health and welfare insurance coverage (including any self-insured arrangements),
workers' compensation, disability benefits, supplemental unemployment benefits,
vacation benefits, retirement benefits or for post-retirement insurance, or any
other type of compensation (other than wages) or material benefits which (i) is
not an Employee Plan, (ii) is entered into, maintained, contributed to, or
required to be contributed to, as the case may be, by Visteon or any of its
ERISA Affiliates in either Mexico or the United States of America and (iii)
covers or relates to any employee who will be providing exclusive or shared
services to the Business, but excluding any governmental or statutory plans,
programs or arrangements. Such contracts, agreements, policies, programs, plans
and arrangements as are described above, copies or descriptions of all of which
have been made available or furnished previously to the Company, are hereinafter
referred to collectively as the "BENEFIT ARRANGEMENTS." Each Benefit Arrangement
has been maintained in substantial compliance with its terms and with the
requirements prescribed by applicable law.

     (f) Except as disclosed on Section 3.18(f) of the Disclosure Schedule, or
as required by Section 601 et seq. of ERISA or Section 4980B of the Code, there
are no employee post-retirement medical, health or welfare plans in effect.

     Section 3.19. Employees. Each of (i) the employee roster (including details
as to name, organization, organization sub-function and cost center code) of the
U.S. salaried employees dedicated to the Business as of May 24, 2005, and (ii)
the list of (A) all U.S. salaried employees who have transferred within Visteon
since May 1, 2005 (including details as to name, function, sub-function,
location name and cost center code) and (B) the wage rates for non-salaried
employees of the Business (by classification), as provided by Visteon to Ford
concurrently with the execution of this Agreement, are true and correct.

     Section 3.20. Labor Matters. (i) Neither Visteon nor any Affiliate of
Visteon is a party to, or bound by, any labor agreement, collective bargaining
agreement, work rules or practices, or any other labor-related agreements or
arrangements with any labor union, labor organization or works council with

                                       35

<PAGE>

respect to any employees associated with the Business, including in each case
any side letters, unpublished letters and oral agreements; (ii) there are no
labor agreements, collective bargaining agreements, work rules or practices, or
any other labor-related agreements or arrangements that pertain to any employees
associated with the Business; (iii) no employees associated with the Business
are represented by any labor organization with respect to their employment with
Visteon or any of its Affiliates; and (iv) since May 24, 2005, there has not
been any labor dispute, other than routine individual grievances, or, to
Visteon's knowledge, any activity or proceeding by a labor union or
representative thereof to organize any employees of the Business, which
employees were not subject to a collective bargaining agreement on May 24, 2005,
or any lockouts, strikes, slowdowns, work stoppages or, to Visteon's knowledge,
threats thereof by or with respect to employees of the Business.

     Section 3.21. Environmental Compliance. (a) Except as disclosed to Ford
pursuant to Section 3.21(b), since the Spin-Off Date:

          (i) no notice, notification, demand, request for information,
     citation, summons or order has been received, no complaint, action, claim
     or suit has been filed, no penalty has been assessed, and Visteon has not
     received notice of any pending investigation or review, or, to Visteon's
     knowledge, have any of the foregoing been threatened by any Governmental
     Authority or other Person with respect to any matters relating to the
     Contributed Assets or the Business and relating to or arising out of any
     Environmental Law;

          (ii) to Visteon's knowledge, no Liabilities have arisen in connection
     with or in any way relating to the Contributed Assets or the Business
     arising under or relating to any Environmental Law, and no facts, events,
     conditions, situations or set of circumstances have arisen which would
     reasonably be expected to result in or be the basis for any such Liability;

          (iii) to Visteon's knowledge, no polychlorinated biphenyls,
     radioactive material, lead, asbestos-containing material, incinerator,
     sump, surface impoundment, lagoon, landfill, septic, wastewater treatment
     or other disposal system or underground storage tank (active or inactive)
     has been installed, introduced, or come to be located at, on or under any
     Contributed Real Property or in any other Contributed Asset;

          (iv) to Visteon's knowledge, no Hazardous Substance has been
     discharged, disposed of, dumped, injected, pumped, deposited, spilled,
     leaked, emitted or released at, on, under or from any Contributed Real
     Property except in compliance with Environmental Laws, and in a manner that
     would not give rise to Liability under Environmental Laws;

                                       36

<PAGE>

          (v) to Visteon's knowledge, no Contributed Real Property nor any
     property to which Hazardous Substances located on or resulting from the use
     of any Contributed Asset have been transported has been listed or proposed
     for listing on the National Priorities List promulgated pursuant to CERCLA,
     on CERCLIS (as defined in CERCLA) or on any similar federal, state, local
     or foreign list of sites requiring investigation or cleanup; and

          (vi) in connection with the Contributed Assets and the Business,
     Visteon and its Affiliates are in compliance in all material respects with
     all Environmental Laws and all Environmental Permits, and, to Visteon's
     knowledge, have been in compliance in all material respects with all
     Environmental Laws and all Environmental Permits; such Environmental
     Permits are valid and in full force and effect and if the related consents
     disclosed on Section 3.04(b) of the Disclosure Schedule have been obtained
     prior to the Closing Date, are transferable and will not be terminated or
     impaired or become terminable solely as a result of the transactions
     contemplated hereby; and all renewal applications with respect to such
     Environmental Permits have been properly and timely made; and

          (vii) to Visteon's knowledge, neither Visteon nor any of its
     Affiliates has exacerbated by act or omission any actual or potential
     Environmental Liabilities arising from or related to the ownership or
     operation of the Contributed Real Property prior to the Spin-Off Date.

     (b) Visteon has provided Ford with true and complete copies of any
environmental investigations, reports, studies, audits, tests, reviews, analyses
and other documents created after the Spin-Off Date in its possession or control
that relate to the Contributed Assets' compliance with or actual or potential
liability under Environmental Laws and Environmental Permits, or to the
environmental condition of any Contributed Asset.

     (c) None of the Contributed Real Property is located in New Jersey or
Connecticut, and the consummation of the transactions contemplated hereunder
will not trigger any filing or other requirements under the New Jersey
Industrial Site Recovery Act or under Sections 22a-134, et seq. of the
Connecticut General Statutes (CGS) (or the law more commonly known as the
Connecticut Property Transfer Act).

     Section 3.22. Finders' Fees. There is no investment banker, broker, finder
or other intermediary which has been retained by or is authorized to act on
behalf of Visteon or any of its Affiliates who might be entitled to any fee or
commission from the Company, Ford or any of its Affiliates in connection with
the transactions contemplated by this Agreement.

                                       37

<PAGE>

     Section 3.23. No Other Representations or Warranties. Except for the
representations and warranties contained in this Agreement (as modified by the
Disclosure Schedule), or in the other agreements referred to in Section 10.10,
neither Visteon nor any other Person makes any other express or implied
representation or warranty with respect to the Business, the Contributed Assets,
the Assumed Liabilities and the transactions contemplated by this Agreement, and
Visteon disclaims any other such representations or warranties, whether made by
Visteon, any Subsidiary of Visteon or any of their respective officers,
directors, employees, agents or representatives. Nothing in this Section 3.23
shall impair or limit in any way any of the rights or remedies of the Company
and its Affiliates set forth in this Agreement or in the other agreements
referred to in Section 10.10 or relating to or arising out of any fraud or
willful misrepresentation.

                                    ARTICLE 4
                              COVENANTS OF VISTEON

     Visteon agrees that:

     Section 4.01. Conduct of the Business. (a) From the date hereof until the
Closing Date, except as required by applicable law or regulation, as otherwise
provided for in this Agreement or with the prior written consent of the Company,
Visteon shall, and shall cause its Affiliates to, conduct the Business in the
ordinary course consistent with past practice and shall use its commercially
reasonable efforts to preserve intact the Business and the Contributed Assets,
including its present operations, physical facilities, working conditions and
relationships with lessors, licensors, suppliers, customers and other third
parties, and to keep available the services of the present employees of the
Business. Without limiting the generality of the foregoing, from the date hereof
until the Closing Date, Visteon will, and will cause its Affiliates to:

          (i) allocate resources adequate to meet the requirements of the
     Business;

          (ii) with respect to Visteon's salaried and agency employees, maintain
     an appropriate mix of skill and grade levels among the employees dedicated
     to the Business and the employees dedicated to the businesses of Visteon
     and its Affiliates other than the Business, subject to any applicable
     collective bargaining agreement, and confer in advance with the Company
     prior to transferring salaried employees and agency personnel between the
     Business and the businesses of Visteon and its Affiliates other than the
     Business;

          (iii) discharge debts, liabilities and obligations related to the
     Business as they become due (except if contested in good faith);

                                       38

<PAGE>

          (iv) operate the Business in compliance in all material respects with
     all applicable laws, Permits and contractual obligations; and

          (v) maintain and repair the Contributed Assets and conduct
     environmental remediation or other compliance actions relating to the
     Contributed Assets or the Business, in each case in the ordinary course of
     business consistent with past practice.

     (b) Without limiting the generality of Section 4.01(a), from the date
hereof until the Closing Date, except as required by applicable law or
regulation, as otherwise provided for in this Agreement or with the prior
written consent of the Company, Visteon will not, and will cause its Affiliates
not to, with respect to the Business or the Contributed Assets:

          (i) make any material change in the conduct of the Business, including
     any material changes to planned actions to achieve budgeted cost reductions
     in the Business;

          (ii) make any commitment for a material capital expenditure for
     additions or improvements to property, plant and equipment, other than
     non-program capital expenditures not exceeding $500,000 individually or in
     the aggregate with respect to a project, or pursuant to the Master
     Equipment Bailment Agreement between Ford and Visteon dated as of March 10,
     2005, as amended;

          (iii) acquire a material amount of assets from any other Person;

          (iv) sell, lease, license or otherwise dispose of any Contributed
     Assets except (A) pursuant to existing contracts or commitments disclosed
     on Section 4.01(b)(iv) of the Disclosure Schedule and (B) sales of
     inventory in the ordinary course of business, consistent with past
     practice, or sell or transfer off-site any other assets or properties
     located at any Plant without conferring in advance with the Company;

          (v) enter into any contract, agreement, lease, license, commitment,
     arrangement or other similar instrument that would have been required to be
     disclosed on Section 3.07(a) or Section 3.13(a)(ii) of the Disclosure
     Schedule had it been in effect on the date of this Agreement or amend,
     modify, supplement or terminate any Material Contract, other than in the
     ordinary course consistent with past practice;

          (vi) create or incur any Lien on any material Contributed Asset other
     than Permitted Liens which arise in the ordinary course of business
     consistent with past practices;

                                       39

<PAGE>

          (vii) settle or compromise any action, suit, claim, litigation,
     proceeding, arbitration, investigation, audit or controversy affecting the
     Business or any Contributed Asset through entry into any consent, decree,
     injunction or similar restraint or form of equitable relief that would be
     binding on the Company or any of its Affiliates after the Closing Date;

          (viii) make any change in any method of accounting or accounting
     practice by Visteon with respect to the Business;

          (ix) except for any changes relating to OPEB liability that have been
     announced prior to the date hereof, make any material change in the
     compensation payable or to become payable to any of its employees who will
     be providing services exclusively to the Business pursuant to the Visteon
     Salaried Employee Lease Agreement, other than normal recurring salary
     increases in the ordinary and usual course of business consistent with past
     practice, or enter into or amend any employment, severance, consulting,
     termination or other agreement with, or any Employee Plans or Benefit
     Arrangements for, or make any loan or advance to any of its employees who
     will be providing services exclusively to the Business pursuant to the
     Visteon Salaried Employee Lease Agreement; or make any change in its
     existing borrowing or lending arrangements for or on behalf of any of such
     employees or service providers pursuant to such plans or otherwise. Visteon
     shall inform the Company 30 days prior to any such material changes
     affecting employees who are dedicated to businesses of Visteon in the
     United States and Mexico, other than the Business;

          (x) hire, employ or otherwise engage the services of any UAW
     represented employee or provide for the outsourcing of any job duties that
     are presently the job duties of employees engaged in the Business;

          (xi) abandon, sell, donate, license or otherwise dispose of any Owned
     Intellectual Property Rights or Licensed Intellectual Property Rights; or

          (xii) agree or commit to do any of the foregoing.

In addition, Visteon will not, and will not permit any of its Affiliates to,
take or agree or commit to take any action that would make any representation or
warranty of Visteon hereunder inaccurate at, or as of any time prior to, the
Closing.

     For purposes of this Section 4.01, "consent of the Company" and "confer
with the Company" and words of like import shall mean, respectively, the consent
of, or to confer with, Bill Connelly or Al Ver (or such other individuals
designated by them in writing).

                                       40

<PAGE>

     Section 4.02. Formation of Company Subsidiaries Prior to Closing. Prior to
the Closing, Visteon shall cause the Company to form one or more wholly-owned
Subsidiaries of the Company in such jurisdictions and of an entity type
reasonably designated by the Company.

     Section 4.03. Delivery of Final Statement of Assets. Visteon shall deliver
to the Company no later than 30 Business Days after the Closing Date, a true and
correct statement of the balance sheet line item amounts and detailed listing of
the assets included in the Contributed Assets (but not in the Statement of
Assets) as of the Closing Date. For avoidance of doubt, a detailed list of the
Contributed Assets, other than Contributed Contracts or other intangible assets,
not held at a Plant will be provided at the asset level detail recorded in
Visteon's internal accounting records (including, for example, any specific
asset identifier such as a brass tag or VIN).

     Section 4.04. Confidentiality. After the Closing, Visteon and its
Affiliates will hold, and will use their best efforts to cause their respective
officers, directors, employees, accountants, counsel, consultants, advisors and
agents to hold, in confidence, unless compelled to disclose by judicial or
administrative process or by other requirements of law, all confidential
documents and information concerning the Business existing at Closing, except to
the extent in the public domain through no fault of Visteon or its Affiliates or
later lawfully acquired by Visteon from sources other than those related to its
prior ownership of the Business. The obligation of Visteon and its Affiliates to
hold any such information in confidence shall be satisfied if they exercise the
same care with respect to such information as they would take to preserve the
confidentiality of their own similar information. Nothing in this Section 4.04
shall be deemed to restrict or limit the ability of Visteon or its Affiliates to
engage in activities competitive with the Business after the Closing or to
restrict or limit Visteon's ability to defend itself against any indemnification
claim under this Agreement.

     Section 4.05. Notices of Certain Events. Visteon shall promptly notify the
Company of:

          (a) any written notice or other written communication from any Person
     alleging that the consent of such Person is or may be required in
     connection with the transactions contemplated by this Agreement or the
     other Contribution Agreement Transaction Documents;

          (b) any notice or other communication from any Governmental Authority
     in connection with the transactions contemplated by this Agreement or the
     other Contribution Agreement Transaction Documents;

          (c) any actions, suits, claims, investigations, inquiries or
     proceedings commenced or, to its knowledge threatened against, relating

                                       41

<PAGE>

     to or involving or otherwise affecting Visteon or the Business that, if
     pending on the date of this Agreement, would have been required to have
     been disclosed pursuant to Section 3.08 or that relate to the consummation
     of the transactions contemplated by this Agreement or the other
     Contribution Agreement Transaction Documents;

          (d) any circumstance, event or action the existence, occurrence or
     taking of which would result in any representation or warranty made by
     Visteon in this Agreement not being true and correct and which, if not
     cured, would result in the failure of the condition set forth in Section
     7.02(a); and

          (e) the material damage or destruction by fire or other casualty of
     any material Contributed Asset or part thereof or in the event that any
     material Contributed Asset or part thereof becomes the subject of any
     proceeding or, to the knowledge of Visteon, threatened proceeding for the
     taking thereof or any part thereof or of any right relating thereto by
     condemnation, eminent domain or other similar governmental action.

     No disclosure by Visteon pursuant to this Section shall be deemed to amend
or supplement the Disclosure Schedule or to prevent, cure or operate as a waiver
of any misrepresentation or breach of warranty.

     Section 4.06. Employee Matters. Visteon shall use commercially reasonable
efforts to promptly notify the Company of any written or oral communication from
any employee engaged in the Business who is a M-4 or above employee to such
employee's direct supervisor or Human Resources manager that such employee
intends to resign or retire as a result of the transactions contemplated by this
Agreement or otherwise within one year after the Closing Date (if such employee
becomes a leased employee under the Visteon Salaried Employee Lease Agreement
described in Section 5.06).

     Section 4.07. Title Insurance and Surveys. Visteon shall use its
commercially reasonable efforts to obtain for the Company prior to the Closing
with respect to each of the Contributed Real Properties listed on Schedule 4.07
from Lawyer's Title Insurance Company an ALTA extended coverage form of owner's
title insurance policies, or binders to issue the same, dated the Closing Date
and in the amounts set forth on Schedule 4.07 insuring or committing to insure,
at ordinary premium rates without any requirement for additional premiums, good
and marketable title to such Contributed Real Property free and clear of any
Liens, except for Permitted Liens, and otherwise commercially reasonably
satisfactory to the Company. In addition, Visteon shall use its commercially
reasonable efforts to deliver to the Company prior to the Closing with respect
to each of the Contributed Real Properties listed on Schedule 4.07 an accurate
survey (or an updated accurate survey) for each such real property from a

                                       42

<PAGE>

surveyor licensed in the state where such real property is located, and each
such survey (or updated survey) shall comply with ALTA survey standards, be
dated as of or within 45 days prior to the Closing Date, shall be certified to
the Company (or applicable Subsidiary of the Company), its lenders, and the
title company by the respective surveyor and shall evidence that such real
properties are free and clear of all Liens, except for Permitted Liens; provided
that if, notwithstanding Visteon's commercially reasonable efforts, such surveys
are not obtained by Closing, Visteon shall use commercially reasonable efforts
to provide such surveys to the Company promptly after Closing. The cost of
obtaining such policies and such surveys shall be borne in full by Visteon.

                                    ARTICLE 5
                      COVENANTS OF THE COMPANY AND VISTEON

     Visteon and the Company agree that:

     Section 5.01. Commercially Reasonable Efforts; Further Assurances. Subject
to the terms and conditions of this Agreement, the Company and Visteon will use
their respective commercially reasonable efforts to take, or cause to be taken,
all actions and to do, or cause to be done, all things necessary or desirable
under applicable laws and regulations to consummate the transactions
contemplated by this Agreement, and the parties agree that time is of the
essence in consummating the transactions contemplated by this Agreement. Visteon
and the Company agree to execute and deliver such other documents, certificates,
agreements and other writings and to take such other actions as may be necessary
or desirable in order to consummate or implement expeditiously the transactions
contemplated by this Agreement and to vest in the Company good and marketable
title to the Contributed Assets.

     Section 5.02. Certain Filings. Visteon and the Company shall cooperate with
one another (i) in determining whether any action by or in respect of, or filing
with, any Governmental Authority is required, or any actions, consents,
approvals or waivers are required to be obtained from parties to any Material
Contracts, in connection with the consummation of the transactions contemplated
by this Agreement and (ii) in taking such actions or making any such filings,
furnishing information required in connection therewith and seeking timely to
obtain any such actions, consents, approvals or waivers. Filing fees
attributable to the filings made pursuant to this Section 5.02 shall be borne by
the party responsible for making the filing or, if one joint filing is required,
equally by Visteon and the Company.

     Section 5.03. Software License Fees. Any costs payable after the Closing to
licensors of software solely in connection with (i) the transfer of software
licenses by Visteon to the Company pursuant to the transactions contemplated by

                                       43

<PAGE>

this Agreement, the Intellectual Property Contribution Agreement or the Software
License and Contribution Agreement, or (ii) the transactions contemplated by the
Visteon "B" Purchase Agreement (in each case excluding ongoing licensing and
maintenance fees required to be paid by the Company pursuant to the terms of the
licenses after the Closing, except to the extent of any increase in such fees
that is payable in lieu of a software license transfer fee (it being agreed by
the parties that neither party hereto may agree to any such increase with a
licensor without the prior consent of the other party hereto)) shall be borne
equally by Visteon and the Company (and, pursuant to the Visteon "B" Purchase
Agreement, any such costs payable before the Closing shall be borne equally by
Visteon and Ford). Visteon and the Company shall cooperate to minimize the
amount of any such costs.

     Section 5.04. Access after Closing. (a) On and after the Closing Date,
Visteon will afford promptly to the Company and its agents reasonable access,
during normal business hours and upon reasonable notice, to Visteon's and its
Affiliates' books of account, financial and other records (including
accountant's work papers), information, employees and auditors to the extent
necessary or useful for the Company in connection with any third-party claim,
inquiry, audit, investigation, dispute or litigation or any other reasonable
business purpose relating to the Business, the Contributed Assets and the
Assumed Liabilities, or, subject to Section 10.06, to determine any matter
relating to its rights and obligations hereunder; provided that any such access
by the Company or its agents shall not unreasonably interfere with the conduct
of the business of Visteon. The Company will hold, and will cause its officers,
directors, employees, accountants, counsel, consultants, advisors and agents to
hold, in confidence, unless compelled to disclose by judicial or administrative
process or by other requirements of law, all confidential documents and
information concerning Visteon provided to it pursuant to this Section; provided
that the Company shall be permitted to provide such information that it deems
necessary to conduct discussions with potential acquirors of all or a part of
the Business or all or part of the Contributed Real Property (and related
Contributed Assets) provided that such potential acquiror enters into a
confidentiality agreement (which confidentiality agreements shall provide
Visteon with the right to enforce the confidentiality obligations of such
potential acquirors thereunder) with the Company substantially comparable to the
Confidentiality Agreement.

     (b) On and after the Closing Date, the Company will afford promptly to
Visteon and its agents reasonable access, during normal business hours and upon
reasonable notice, to the Company's properties, books of account, financial and
other records (including accountant's work papers), information, employees and
auditors to the extent necessary or useful for Visteon in connection with any
third-party claim, inquiry, audit, investigation, dispute or litigation or any
other reasonable business purpose relating to the Business, the Contributed
Assets and the Assumed Liabilities with respect to any period ending on or
before the

                                       44

<PAGE>

Closing Date, or, subject to Section 10.06, to determine any matter relating to
its rights and obligations hereunder; provided that any such access by Visteon
or its agents shall not unreasonably interfere with the conduct of the business
of the Company. Visteon will hold, and will cause its officers, directors,
employees, accountants, counsel, consultants, advisors and agents to hold, in
confidence, unless compelled to disclose by judicial or administrative process
or by other requirements of law, all confidential documents and information
concerning the Company or the Business provided to it pursuant to this Section.

     Section 5.05. Public Announcements. The parties agree to consult with each
other before issuing any press release or making any public statement with
respect to this Agreement or the transactions contemplated hereby and, except
for any press releases and public statements the making of which may be required
by applicable law or any listing agreement with any national securities
exchange, will not issue any such press release or make any such public
statement prior to such consultation.

     Section 5.06. Salaried Employee Leasing. Prior to the date hereof, Visteon
and the Company have agreed on the process to determine the Visteon salaried
employees who will be leased to the Company pursuant to the Visteon Salaried
Employee Lease Agreement. After consultation with the Company, Visteon shall
deliver to the Company a final employee roster that identifies the salaried
employees who are to be leased to the Company, along with their title, salary
grade level, organization and function, no later than the date hereof.

     Section 5.07. Mexican Assets. Notwithstanding Section 2.01, the transfer of
Contributed Assets in Mexico shall be effected as a transfer for value (as
opposed to a capital contribution) pursuant to the Mexico Asset Purchase
Agreements. Immediately after the Closing, and prior to the consummation of the
closing under the Visteon "B" Purchase Agreement, Visteon shall cause each of
the Asset Notes (as defined in the Mexico Asset Purchase Agreements) to be
distributed by the recipient of each such Asset Note to Visteon and then
contributed by Visteon to the applicable issuer of such Asset Note. Visteon
shall use its commercially reasonable efforts to effect the virtual transfer
prior to Closing, of the Contributed Assets imported by Visteon's Subsidiaries
in Mexico under their respective maquiladora programs (the "VISTEON MAQUILA
PROGRAMS") to the maquiladora programs of each of the Company's Mexican
Subsidiaries (the "COMPANY MAQUILA PROGRAMS"), including the submission to
Mexico Customs Authorities, the Mexico Treasury Department and the Mexico
Department of the Economy all such documents, customs declarations (pedimento de
exportacion y importacion), manifests, invoices, notices and other documents and
materials necessary to effect such transfer. Visteon shall cause due
notification to be given promptly after the date hereof to the Mexico Treasury
Department, the Mexico Department of the Economy and such other Mexican
Governmental Authorities as necessary of the closing of branches or
establishments of the applicable Visteon

                                       45

<PAGE>

Subsidiaries in Mexico and, if necessary, of the cancellation of the applicable
Visteon Maquila Programs, and shall provide the Company with copies of such
notices stamped as received by the Governmental Authority to which they have
been submitted.

     Section 5.08. Agreement with respect to Certain Shared-Use Offsite Tooling.
With respect to the offsite tooling listed on Schedule 5.08 that is identified
by Visteon as being used as of the date hereof in both the Business and
Visteon's other businesses (other than the Business), the Company agrees to
permit Visteon to use such tooling (notwithstanding that they are included in
the Contributed Assets) after the Closing on the same basis (and on a royalty
free basis) as such tooling is used in Visteon's businesses (other than the
Business) as of the date hereof; provided that (i) if Visteon effects a design
change in the products for which any such tooling is used, Visteon shall no
longer have any right to use such tooling to the extent that such tooling is no
longer used in the manufacture of its products as a result of such design change
and (ii) if the Company effects a design change in the products for which any
such tooling is used and as a result of such design change such tooling is no
longer used in the manufacture of the Business' products, the Company shall
promptly convey, or cause to be conveyed, to Visteon at no cost, all of its and
its Subsidiaries' right, title and interest in such tooling.

                                    ARTICLE 6
                                   TAX MATTERS

     Section 6.01. Allocation of Consideration. At least 10 days prior to the
Closing Date, the Company shall deliver a schedule to Visteon (the "PRELIMINARY
ASSET ALLOCATION SCHEDULE") setting forth the aggregate consideration (including
the Assumed Liabilities to the extent properly taken into account for this
purpose) for the Contributed Assets, as determined for federal income Tax
purposes, and the allocation of the consideration among the Contributed Assets
in accordance with Section 1060 of the Internal Revenue Code of 1986, as amended
(the "CODE"). The Company shall also provide such supporting material, including
accountants' workpapers and appraisals, as Visteon shall reasonably request in
support of the Preliminary Asset Allocation Schedule. If within 30 days after
the delivery of the Preliminary Asset Allocation Schedule, Visteon notifies the
Company in writing that Visteon objects to the valuations reflected in the
computation of the aggregate consideration or the allocation of consideration
set forth therein, the parties shall endeavor in good faith to resolve such
dispute within 20 days. If there are no disputed items or when all disputed
items are resolved, the Preliminary Asset Allocation Schedule, as adjusted to
reflect any such resolution, shall become the "FINAL ASSET ALLOCATION SCHEDULE".
Visteon and the Company will act in accordance with the determination and
allocation of the consideration set forth in the Final Asset Allocation Schedule
for all Tax

                                       46

<PAGE>

purposes, including with respect to any forms or reports (including IRS Form
8594) required to be filed pursuant to Section 1060 of the Code, the regulations
thereunder or any provisions of local, state or foreign law, and to cooperate in
the preparation of any such forms or reports and to timely file such forms or
reports. Neither party shall take any position that is inconsistent with the
determinations and allocation of the consideration set forth in the Final Asset
Allocation Schedule in any communication with any taxing authority, unless and
until the taking of such position is required by law or as a result of a final
determination (without any obligation to appeal such final determination to the
United States Supreme Court).

     Section 6.02. Filing of Returns and Payment of Taxes. (a) Pre-Closing
Period Returns. Visteon shall prepare and file, or cause to be prepared and
filed, with the appropriate authorities, all Tax Returns, and shall timely pay,
or cause to be paid, all Taxes relating to the Contributed Assets attributable
to any Pre-Closing Tax Period ("PRE-CLOSING TAX PERIOD TAXES"); provided that
(i) Visteon shall deliver to the Company at least 30 days before the due date of
the relevant Tax Return, drafts of any Tax Returns that reflect the transactions
contemplated by this Agreement and the Visteon "B" Purchase Agreement, (ii) the
Company shall have the right to review and comment upon any such Tax Returns
prior to the filing thereof, and (iii) Visteon shall consider in good faith any
comments made by the Company in preparing the final versions of any such Tax
Returns.

     (b) Straddle Period Returns. Except as otherwise provided in Section 6.04,
the Company shall prepare and file, or cause to be prepared and filed, with the
appropriate authorities, all Tax Returns, and shall timely pay, or cause to be
paid, all Taxes relating to the Contributed Assets attributable to any Straddle
Period and all taxable periods that begin after the date of consummation of the
closing under the Visteon "B" Purchase Agreement; provided that (i) in the case
of any Straddle Period Tax Return, the Company shall deliver to Visteon at least
30 days before the due date, a draft of such Tax Return together with a
statement of the amount, if any, of Pre-Closing Period Taxes shown on such Tax
Return, (ii) Visteon shall have the right to review and comment upon any such
Tax Returns prior to the filing thereof, (iii) such Tax Returns shall not be
filed without the prior written consent of Visteon which consent shall not be
unreasonably withheld or delayed and (iv) Visteon shall pay to the Company, no
later than three business days prior to the due date thereof, the amount of any
Pre-Closing Period Taxes shown on such Tax Return. For purposes of this Section
6.02(b), in the case of any Straddle Period, the Pre-Closing Tax Period Taxes
shall be computed as if the Pre-Closing Tax Period ended as of the close of
business on the date of the consummation of the closing under the Visteon "B"
Purchase Agreement.

     Section 6.03. Refunds and Credits. Any refunds and credits attributable to
the Pre-Closing Tax Period, or to the portion of a Straddle Period allocable to
Visteon, shall be for the account of Visteon and any refunds and credits

                                       47

<PAGE>

attributable to a period that is not part of the Pre-Closing Tax Period, or to
the portion of a Straddle Period allocable to the Company, shall be for the
account of the Company. For the avoidance of doubt, Visteon shall be entitled to
claim and retain the benefit of the Michigan Single Business Tax Investment Tax
Credit of the Company attributable to the period during which Visteon owns the
Company.

     Section 6.04. Property Taxes. All real property, personal property,
intangible property and similar ad valorem taxes ("PROPERTY TAXES") applicable
to the Contributed Assets where the last day prescribed for timely payment
(without incurring interest) is prior to the Closing Date shall be paid by
Visteon. All Property Taxes (excluding audit deficiency assessments for periods
prior to the Closing) where the last day prescribed for timely payment (without
incurring interest) is on or after the Closing Date shall be paid by the
Company. The Company (and its Affiliates) agree to handle ministerial acts so as
not to imperil Visteon's entitlement to any abatement of property taxes for
which Visteon is responsible, and to notify Visteon of any circumstance that
could reasonably be expected to imperil any such tax abatement.

     Section 6.05. Transfer Taxes. Subject to Section 4.C. of each Mexican Asset
Purchase Agreement, all transfer, documentary, sales, use, stamp, registration
and other such Taxes and fees to be incurred in connection with transactions
contemplated by this Agreement (including any real property transfer Tax and any
similar Tax) ("TRANSFER TAXES") shall be borne by Visteon. The party or parties
having responsibility therefore under applicable law shall prepare and file all
necessary Transfer Tax returns and other documentation. The parties shall use
commercially reasonable efforts to determine the aggregate amount of Transfer
Taxes prior to the Closing, and shall take reasonable steps to reduce or
eliminate such Transfer Taxes. In the event that the Company shall be required
to pay or shall pay any Transfer Tax, upon demand, Visteon shall promptly pay
such Transfer Tax for the Company or reimburse the Company for such Transfer Tax
paid by the Company, as applicable.

     Section 6.06. Cooperation. Following the Closing, the Company and Visteon
shall provide each other with such assistance as may reasonably be requested by
any of them in connection with the preparation of any Tax Return, any audit or
other examination by any Taxing Authority, or any judicial or administrative
proceedings relating to Liability for Taxes. The party requesting assistance
hereunder shall reimburse the other for reasonable out-of-pocket expenses
incurred in providing such assistance. The Company and Visteon shall (i)
preserve and cause to be preserved all information, returns, books, records and
documents relating to any Liabilities for Taxes with respect to a taxable period
until the later of 60 days after the expiration of all applicable statutes of
limitation and extensions thereof, or the conclusion of all litigation with
respect to Taxes for such period and (ii) give reasonable written notice to the
other party prior to transferring, destroying or discarding any such
information, returns, books,

                                       48

<PAGE>

records or documents and, if the other party so requests, allow the other party
to take possession of such information, returns, books, records or documents.

                                    ARTICLE 7
                              CONDITIONS TO CLOSING

     Section 7.01. Conditions to Obligations of the Company and Visteon. The
obligations of the Company and Visteon to consummate the Closing are subject to
the satisfaction or waiver by both parties of the following conditions:

          (a) The parties shall have made applicable filings to COFECO under
     Mexico's Federal Economic Competition Law with respect to the transactions
     contemplated by this Agreement and the Visteon "B" Purchase Agreement, and
     neither party shall have been advised that the filings are deficient.

          (b) No provision of any applicable law or regulation and no judgment,
     injunction, order or decree by any Governmental Authority shall prohibit
     (including as a result of the failure to obtain, take or make any required
     authorization or similar action by or in respect of or filings with any
     Governmental Authority) the consummation of the Closing.

          (c) The Visteon "B" Purchase Agreement shall be executed and fully
     binding on the parties thereto, and the closing under the Visteon "B"
     Purchase Agreement shall be capable of being consummated contemporaneously
     with or on the Business Day immediately following the Closing Date.

     Section 7.02. Conditions to Obligation of the Company. The obligation of
the Company to consummate the Closing is subject to the satisfaction or waiver
by the Company of the following further conditions:

          (a) (i) Visteon shall have performed in all material respects all of
     its obligations hereunder required to be performed by it on or prior to the
     Closing Date, (ii) (A) the representations and warranties of Visteon
     contained in Section 3.02 shall be true and correct at and as of the
     Closing Date as if made at and as of such date and (B) all other
     representations and warranties of Visteon contained in this Agreement and
     in any certificate or other writing delivered by Visteon pursuant hereto,
     disregarding all qualifications and exceptions contained therein relating
     to materiality or Material Adverse Effect, shall be true and correct at and
     as of the Closing Date as if made at and as of such date (except that
     representations and warranties that relate to a specific date shall only be
     required to be true and correct as of such date) except as would not,
     individually or in the

                                       49

<PAGE>

     aggregate, have a Material Adverse Effect, and (iii) the Company shall have
     received a certificate signed by the chief financial officer of Visteon to
     the foregoing effect.

          (b) Visteon shall have received all consents, authorizations or
     approvals (with respect to the transactions contemplated by this Agreement
     and the Visteon "B" Purchase Agreement) set forth on Schedule 7.02(b) in
     connection with the transactions contemplated by this Agreement or the
     Visteon "B" Purchase Agreement, in each case in form and substance
     reasonably satisfactory to the Company, no such consents, authorizations or
     approvals shall have been revoked, and Visteon shall have delivered all
     documents in connection therewith as the Company may reasonably request.

          (c) Visteon shall have received a final, full and indefeasible release
     of all Liens on the Contributed Assets pursuant to, or created in
     connection with, the Visteon Credit Agreement, in form and substance
     reasonably satisfactory to the Company, and Visteon shall have delivered
     all documents in connection therewith as the Company may reasonably
     request.

          (d) The Company shall have received certification signed by Visteon to
     the effect that Visteon and each Subsidiary of Visteon contributing
     Contributed Assets under this Agreement either (i) is not a "foreign
     person" as defined in Section 1445 of the Code or (ii) is not contributing
     any property that constitutes a United States real property interest as
     defined in Section 897 of the Code.

          (e) There shall not have been, since the date of this Agreement, any
     event, occurrence, development or state of circumstances or facts which,
     individually or in the aggregate, has had or would reasonably be expected
     to have a Material Adverse Effect.

          (f) The Company Maquila Programs shall have been authorized by the
     Mexico Ministry of Economy, have a customs broker listed before the Mexican
     customs authority, and be listed in both the General Importers Registry and
     Industry Specific Importers Registry, and there shall be no action or
     threatened action by any Governmental Authority to suspend, cancel or
     revoke any Company Maquila Program.

          (g) Visteon shall have performed the actions set forth on Schedule
     7.02(g).

          (h) The Company shall have received all documents and instruments to
     be received by the Company pursuant to Section 2.07(b).

                                       50

<PAGE>

     Section 7.03. Condition to Obligation of Visteon. The obligation of Visteon
to consummate the Closing is subject to the satisfaction or waiver by Visteon of
the following further condition: the Company shall have delivered the
Preliminary Asset Allocation Schedule to Visteon.

                                    ARTICLE 8
                            SURVIVAL; INDEMNIFICATION

     Section 8.01. Survival. The representations and warranties of the parties
hereto contained in this Agreement or in any officer's certificate delivered
pursuant hereto or in connection herewith shall survive the Closing until the
eighteen month anniversary of the Closing Date; provided that (i) the
representations and warranties in Section 3.10(c) shall survive indefinitely or
until the latest date permitted by applicable law, (ii) the representations and
warranties in Section 3.17 shall survive until the third anniversary of the
Closing Date and (iii) the representations and warranties in Section 3.21 shall
survive until the later of the sixth anniversary of the Closing Date and the
applicable statute of limitations. The covenants and agreements of the parties
hereto contained in this Agreement or in any officer's certificate delivered
pursuant hereto or in connection herewith shall survive the Closing indefinitely
or for the shorter period explicitly specified therein, except that for such
covenants and agreements that survive for such shorter period, breaches thereof
shall survive indefinitely or until the latest date permitted by law.
Notwithstanding the preceding sentence, any breach of covenant, agreement,
representation or warranty in respect of which indemnity may be sought under
this Agreement shall survive the time at which it would otherwise terminate
pursuant to the preceding sentence, if written notice of the inaccuracy thereof
giving rise to such right of indemnity (setting forth the basis therefor in
reasonable detail) shall have been given to the party against whom such
indemnity may be sought prior to such time.

     Section 8.02. Indemnification. (a) Effective at and after the Closing,
Visteon hereby indemnifies the Company and its Affiliates against and agrees to
hold each of them harmless from any and all damage, loss, liability and expense
(including reasonable expenses of investigation and reasonable attorneys' fees
and expenses in connection with any action, suit or proceeding whether involving
a third-party claim or a claim solely between the parties hereto) ("DAMAGES")
incurred or suffered by the Company or any of its Affiliates arising out of (A)
any misrepresentation or breach of any warranty (disregarding all qualifications
and exceptions contained therein relating to materiality or material adverse
effect) (each such misrepresentation and breach of warranty a "WARRANTY BREACH")
by Visteon or its Affiliates in this Agreement or any other Contribution
Agreement Transaction Documents, (B) any breach of covenant or agreement made or
to be performed by Visteon or its Affiliates pursuant to this Agreement or any
other Contribution Agreement Transaction Documents or (C) subject to Section

                                       51

<PAGE>

2.03(b), any Visteon Retained Liability; provided that with respect to
indemnification by Visteon for Warranty Breaches (other than Sections 3.10(c)
and 3.22 and other than in cases of fraud or willful misrepresentation) pursuant
to this Section 8.02(a), (i) Visteon shall not be liable unless the aggregate
amount of Damages with respect to such Warranty Breaches (together with all
amounts paid or payable by Visteon with respect to Warranty Breaches under
Section 7.02 of the Visteon "B" Purchase Agreement or Section 7.02 of the
Visteon "A" Transaction Agreement) exceeds $3 million (in which case Visteon
shall only be liable to the extent of such excess) and (ii) Visteon's maximum
liability (together with all amounts paid or payable by Visteon with respect to
Warranty Breaches under Section 7.02 of the Visteon "B" Purchase Agreement or
Section 7.02 of the Visteon "A" Transaction Agreement) shall not exceed $30
million in the aggregate.

     (b) Effective at and after the Closing, the Company hereby indemnifies
Visteon and its Affiliates against and agrees to hold each of them harmless from
any and all Damages incurred or suffered by Visteon or any of its Affiliates
arising out of (A) any breach of covenant or agreement made or to be performed
by the Company pursuant to this Agreement or any other Contribution Agreement
Transaction Documents after the Closing or (B) subject to Section 2.03(b), any
Assumed Liability.

     Section 8.03. Procedures. (a) The party seeking indemnification under
Section 8.02 (the "INDEMNIFIED PARTY") agrees to give prompt written notice to
the party against whom indemnity is sought (the "INDEMNIFYING PARTY") of the
assertion of any claim, or the commencement of any suit, action or proceeding
("CLAIM") in respect of which indemnity may be sought under such Section and
will provide the Indemnifying Party such information with respect thereto as the
Indemnifying Party may reasonably request. The failure to so notify the
Indemnifying Party shall not relieve the Indemnifying Party of its obligations
hereunder, except to the extent such failure shall have actually prejudiced in
any material respect the Indemnifying Party.

     (b) The Indemnifying Party shall, subject to the provisions of this Section
8.03, be entitled to assume the defense and control of any Claim asserted by a
third party ("THIRD PARTY CLAIM") but shall allow the Indemnified Party a
reasonable opportunity to participate in the defense of such Third Party Claim
with its own counsel and, subject to Section 8.03(e), at its own expense;
provided that prior to assuming control of such defense, the Indemnifying Party
must acknowledge that it would have an indemnity obligation for any Damages
resulting from such Third Party Claim as provided under this Article 8.
Notwithstanding the foregoing, the Company shall have the right, but not the
obligation, to assume the defense and control of any Third Party Claim if (i)
the Third Party Claim relates to or arises out of any Environmental Liabilities
at or affecting any Contributed Real Property, (ii) the Third Party Claim
relates to or

                                       52

<PAGE>

arises in connection with any criminal proceeding, action, indictment,
allegation or investigation, or (iii) the Third Party Claim seeks an injunctive
or other non-monetary relief against the Indemnified Party.

     (c) The party assuming the defense and control of a Third Party Claim (the
"CONTROLLING PARTY") shall take all steps necessary in the defense or settlement
of such Third Party Claim, and shall at all times diligently and promptly pursue
the resolution of such Third Party Claim. The other party shall, and shall cause
its controlled Affiliates to, cooperate fully with the Controlling Party in the
defense of any Third Party Claim defended by the Controlling Party, including by
making relevant personnel reasonably available to the Controlling Party in
connection with such defense.

     (d) Notwithstanding anything in this Section 8.03 to the contrary, neither
the Indemnifying Party nor the Indemnified Party shall, without the written
consent of the other party (which consent shall not be unreasonably withheld or
delayed), settle or compromise any Third Party Claim or permit a default or
consent to entry of any judgment unless the claimant provides to such other
party an unqualified release from all liability in respect of the Third Party
Claim. Notwithstanding the foregoing, if a bona fide settlement offer solely for
money damages is made in writing by the applicable third party claimant, and the
Indemnifying Party notifies the Indemnified Party in writing of the Indemnifying
Party's willingness to accept the settlement offer and, subject to the
applicable limitations on the Indemnifying Party's indemnification obligations
under this Article 8, pay the amount called for by such offer, and the
Indemnified Party declines to accept such offer, the Indemnified Party may
continue to contest such Third Party Claim, free of any participation by the
Indemnifying Party, and the amount of any ultimate liability with respect to
such Third Party Claim that the Indemnifying Party has an obligation to pay
under this Article 8 shall be limited to the lesser of (A) the amount of the
settlement offer that the Indemnified Party declined to accept plus the
aggregate Damages of the Indemnified Party relating to such Third Party Claim
through the date of its rejection of the settlement offer or (B) the aggregate
Damages of the Indemnified Party with respect to such Third Party Claim. If the
Indemnifying Party makes any payment on any Third Party Claim, the Indemnifying
Party shall be subrogated, to the extent of such payment, to all rights and
remedies of the Indemnified Party to any insurance benefits or other claims of
the Indemnified Party with respect to such Third Party Claim.

     (e) The Indemnifying Party shall be liable for the reasonable fees and
expenses of counsel incurred by each Indemnified Party in defending any Third
Party Claim prior to the date the Indemnifying Party assumes control of the
defense of the Third Party Claim or if the Indemnified Party assumes the defense
of a Third Party Claim pursuant to the last sentence of Section 8.03(b). After
the date the Indemnifying Party assumes control of the defense of the Third
Party Claim, the Indemnifying Party shall also be liable for the reasonable fees
and

                                       53

<PAGE>

expenses of one separate counsel (and one local counsel in each applicable
jurisdiction) incurred by the Indemnified Parties in defending any Third Party
Claim if representation of both the Indemnifying Party and the Indemnified Party
by the same counsel would create a conflict of interest.

     (f) In the event that the Indemnifying Party does not accept the defense of
any Third Party Claim or the Indemnified Party assumes the defense of a Third
Party Claim pursuant to the last sentence of Section 8.03(b), the Indemnified
Party shall use reasonable efforts to inform the Indemnifying Party of material
developments with respect to such Third Party Claim and to provide the
Indemnifying Party with copies of material filings with any Governmental
Authority in respect of such Third Party Claim that are not subject to the
attorney-client or another similar privilege. An Indemnified Party shall not
settle, compromise or discharge any Third Party Claim without the prior written
consent of the Indemnifying Party, which consent shall not be unreasonably
withheld or delayed.

     (g) Notwithstanding anything in this Agreement to the contrary, (i) even
where on the Closing Date the Indemnified Party knows of any information that
would cause one or more of the representations and warranties made by the
Indemnifying Party in this Agreement to be inaccurate or untrue, the Indemnified
Party shall not be deemed to have waived (and shall continue to have) its rights
to indemnification pursuant to Section 8.02 in respect thereof and (ii) the fact
that a matter is covered by or dealt with in one or more of the representations
and warranties made in this Agreement shall not in any respect limit or restrict
(including by virtue of any applicable exception, qualifier, disclosed item,
deductible or cap) Visteon's indemnification obligations with respect to the
Visteon Retained Liabilities.

     Section 8.04. Mitigation. An Indemnified Party shall use reasonable efforts
(but without any obligation to incur any material cost or expense) to mitigate
Damages for which indemnification is sought under this Article 8.

     Section 8.05. Calculation of Losses. (a) The amount of any Damages for
which indemnification is provided under this Article 8 shall be net of any
amounts actually recovered by the Indemnified Party under insurance policies or
otherwise with respect to such Damages (net of any Tax or expenses incurred in
connection with such recovery). The Company shall use its commercially
reasonable efforts to recover under insurance policies for any Damages.

     (b) If the amount of any Damages for which indemnification is provided
under this Article 8 gives rise to a currently realizable Tax Benefit (as
defined below) to the Indemnified Party making the Claim, then the amount of
Damages shall be (i) increased to take account of any net Tax cost incurred by
the Indemnified Party arising from the receipt of indemnity payments hereunder

                                       54

<PAGE>

(grossed up for such increase) and (ii) reduced to take account of any net Tax
Benefit actually or reasonably expected to be realized by the Indemnified Party
arising from circumstances underlying or the incurrence or payment of any such
Damages. For purposes of this Section 8.05(b) a "TAX BENEFIT" means an amount by
which the Tax liability of the party (or group of corporations including the
party) is actually reduced (including by deduction, reduction of income by
virtue of increased tax basis or otherwise, entitlement to refund, credit or
otherwise) plus any related interest received from the relevant taxing
authority. In computing the amount of any such Tax cost or Tax Benefit, the
indemnified party shall be deemed to recognize all other items of income, gain,
loss, deduction or credit before recognizing any item arising from the receipt
of any indemnity payment hereunder or the incurrence or payment of any
indemnified Loss. The amount of any increase, reduction or payment hereunder
shall be adjusted to reflect any final determination (which shall include the
execution of Form 870-AD or successor form) with respect to the Indemnified
Party's liability for Taxes, and payments between the parties to this Agreement
to reflect such adjustment shall be made if necessary. Any indemnity payment
under this Article 8 shall be treated as an adjustment to the value of the asset
upon which the underlying indemnification claim was based, unless a final
determination (which shall include the execution of a Form 870-AD or successor
form) with respect to the Indemnified Party or any of its Affiliates causes any
such payment not to be treated as an adjustment to the value of the asset for
United States federal income tax purposes.

     Section 8.06. No Consequential Damages. Except in cases of fraud or willful
misrepresentation or in respect of any such damages that arise from a Third
Party Claim, notwithstanding anything to the contrary in this Agreement, the
Indemnifying Party shall not be liable under this Article 8 for any
consequential, incidental, indirect, special or punitive damages, including lost
profits.

     Section 8.07. Exclusive Remedy. From and after the Closing, except in the
event of fraud or willful misrepresentation (in which case the parties shall be
entitled to exercise all of their rights, and seek all Damages available to
them, under law or in equity) the sole and exclusive remedy for any breach or
failure to be true and correct, or alleged breach or failure to be true and
correct, of any representation or warranty or any covenant or agreement in this
Agreement, shall be indemnification in accordance with this Article 8.
Notwithstanding the foregoing, this Section 8.07 shall not operate to limit the
rights of the parties to seek equitable remedies (including specific performance
or injunctive relief).

     Section 8.08. No Double Recovery. Notwithstanding anything herein to the
contrary, no indemnified party shall be entitled to indemnification under any
provision of this Agreement for any amount to the extent such indemnified party
or its Affiliate has been indemnified for such amount pursuant to this
Agreement, the other Contribution Agreement Transaction Documents, the Visteon
"A"

                                       55

<PAGE>

Transaction Agreement, the other Visteon "A" Transaction Documents (as defined
in the Visteon "A" Transaction Agreement), the Visteon "B" Purchase Agreement,
the other Visteon "B" Transaction Documents (as defined in the Visteon "B"
Purchase Agreement), the Confidentiality Agreement or any other agreement,
contract or instrument executed in connection herewith or therewith.

                                    ARTICLE 9
                                   TERMINATION

     Section 9.01. Grounds for Termination. This Agreement may be terminated at
any time prior to the Closing:

          (i) by mutual written agreement of Visteon and the Company;

          (ii) by either Visteon or the Company if the Closing shall not have
     been consummated on or before December 31, 2005 (the "OUTSIDE DATE");
     provided that the right to terminate the Agreement pursuant to this clause
     (ii) shall not be available to any party whose material breach of any of
     its obligations under this Agreement primarily contributes to the failure
     of the Closing to be consummated by such date (unless both parties are in
     material breach of their respective obligations under this Agreement);

          (iii) by either Visteon or the Company, if any applicable law or
     regulation makes consummation of the transactions contemplated hereby
     illegal or otherwise prohibited or if consummation of the transactions
     contemplated hereby would violate any nonappealable final order, decree or
     judgment of any Governmental Authority having competent jurisdiction; or

          (iv) by the Company if Visteon shall have breached or failed to
     perform in any material respect any of its representations, warranties or
     covenants contained in this Agreement, which breach or failure to perform
     (A) is incapable of being cured by Visteon prior to the Outside Date or is
     not cured by the earlier of (x) 30 Business Days following written notice
     to Visteon by the Company of such breach and (y) the Outside Date and (B)
     if not cured would result in a failure of any condition set forth in
     Section 7.02(a).

     The party desiring to terminate this Agreement pursuant to clauses (ii),
(iii) or (iv) shall give notice of such termination to the other party.

     Section 9.02. Effect of Termination. If this Agreement is terminated as
permitted by Section 9.01, such termination shall be without liability of either
party (or any stockholder, director, officer, employee, agent, consultant or

                                       56

<PAGE>

representative of such party) to the other party to this Agreement; provided
that if such termination shall result from the (i) willful failure of either
party to fulfill a condition to the performance of the obligations of the other
party, (ii) failure to perform a covenant of this Agreement or (iii) breach by
either party hereto of any representation or warranty or agreement contained
herein, such party shall be fully liable for any and all Damages incurred or
suffered by the other party as a result of such failure or breach. The
provisions of this Section 9.02, Section 5.05, and Article 10 shall survive any
termination hereof pursuant to Section 9.01.

                                   ARTICLE 10
                                  MISCELLANEOUS

     Section 10.01. Notices. All notices, requests and other communications to
any party hereunder shall be in writing (including facsimile transmission and
electronic mail ("E-MAIL") transmission, so long as a receipt of such e-mail is
requested and received) and shall be given,

     if to the Company, to:

          Ford Motor Company
          Office of the Secretary
          One American Road
          11th Floor World Headquarters
          Dearborn, Michigan 48126
          Attention: Peter J. Sherry, Jr.
          Facsimile No.: (313) 248-8713
          E-mail: psherry@ford.com

     with a copy to:

          Ford Motor Company
          Office of the General Counsel
          One American Road
          320 World Headquarters
          Dearborn, Michigan 48126
          Attention: Marcia J. Nunn
          Facsimile No.: (313) 337-3209
          E-mail: mnunn@ford.com

                                       57

<PAGE>

     and to:

          Davis Polk & Wardwell
          450 Lexington Avenue
          New York, New York 10017
          Attention: Paul R. Kingsley
          Facsimile No.: (212) 450-3800
          E-mail: paul.kingsley@dpw.com

     if to Visteon, to:

          Visteon Corporation
          One Village Center Drive
          Van Buren Township, Michigan 48111
          Attention: John Donofrio, General Counsel
          Facsimile No.: (734) 710-7132
          E-mail: jdonofri@visteon.com

     with a copy to:

          Weil, Gotshal & Manges LLP
          767 Fifth Avenue
          New York, NY 10153
          Attention: Michael E. Lubowitz, Esq.
          Facsimile No.: (212) 310-8007
          E-mail: michael.lubowitz@weil.com

or such other address, facsimile number or e-mail address as such party may
hereafter specify for the purpose by notice to the other parties hereto. All
such notices, requests and other communications shall be deemed received on the
date of receipt by the recipient thereof if received prior to 5:00 p.m. in the
place of receipt and such day is a Business Day in the place of receipt.
Otherwise, any such notice, request or communication shall be deemed not to have
been received until the next succeeding Business Day in the place of receipt.

     Section 10.02. Amendments and Waivers. (a) Any provision of this Agreement
may be amended or waived if, but only if, such amendment or waiver is in writing
and is signed, in the case of an amendment, by each party to this Agreement, or
in the case of a waiver, by the party against whom the waiver is to be
effective.

     (b) No failure or delay by any party in exercising any right, power or
privilege hereunder shall operate as a waiver thereof nor shall any single or
partial exercise thereof preclude any other or further exercise thereof or the
exercise of any other right, power or privilege.

                                       58

<PAGE>

     Section 10.03. Expenses. Except as otherwise provided herein, all costs and
expenses incurred in connection with this Agreement shall be paid by the party
incurring such cost or expense.

     Section 10.04. Successors and Assigns. The provisions of this Agreement
shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns; provided that neither party may
assign, delegate or otherwise transfer any of its rights or obligations under
this Agreement without the consent of each other party hereto. Notwithstanding
the foregoing, without the consent of Visteon, the Company may transfer or
assign, in whole or from time to time in part, (i) to Ford or one or more of its
Affiliates, the right to acquire all or a portion of the Contributed Assets and
to assume the related Assumed Liabilities or (ii) to any acquiror from the
Company (or any of its Subsidiaries) or its permitted assigns of one or more of
the Contributed Real Properties (and related Contributed Assets) any or all of
its rights hereunder (including its rights to seek indemnification hereunder);
provided that, in the case of clause (ii), without limiting any assignment of
rights (including indemnification rights under Section 8.02(a), including with
respect to the Visteon Retained Liabilities) made pursuant to clause (ii), the
Company shall require such acquiror to acknowledge, in the applicable purchase
agreement, that such acquiror has no rights or remedies against Visteon or its
Affiliates arising solely out of the Assumed Liabilities. Upon any such
permitted assignment under this Section 10.04, the references in this Agreement
to the Company shall also apply to any such assignee unless the context
otherwise requires.

     Section 10.05. Governing Law. This Agreement shall be governed by and
construed in accordance with the law of the State of Michigan, without regard to
the conflicts of law rules of such state.

     Section 10.06. Dispute Resolution. If a dispute arises between the parties
relating to this Agreement, the following shall be the sole and exclusive
procedure for enforcing the terms hereof and for seeking relief, including
damages, injunctive relief and specific performance:

          (i) The parties promptly shall hold a meeting of senior executives
     with decision-making authority to attempt in good faith to negotiate a
     mutually satisfactory resolution of the dispute; provided that no party
     shall be under any obligation whatsoever to reach, accept or agree to any
     such resolution; provided further, that no such meeting shall be deemed to
     vitiate or reduce the obligations and liabilities of the parties or be
     deemed a waiver by a party hereto of any remedies to which such party would
     otherwise be entitled.

          (ii) If the parties are unable to negotiate a mutually satisfactory
     resolution as provided above, then upon request by either party, the matter

                                       59

<PAGE>

     shall be submitted to binding arbitration before a sole arbitrator in
     accordance with the CPR Rules, including discovery rules, for
     Non-Administered Arbitration. Within five Business Days after the selection
     of the arbitrator, each party shall submit its requested relief to the
     other party and to the arbitrator with a view toward settling the matter
     prior to commencement of discovery. If no settlement is reached, then
     discovery shall proceed. Upon the conclusion of discovery, each party shall
     again submit to the arbitrator its requested relief (which may be modified
     from the initial submission) and the arbitrator shall select only the
     entire requested relief submitted by one party or the other, as the
     arbitrator deems most appropriate. The arbitrator shall not select one
     party's requested relief as to certain claims or counterclaims and the
     other party's requested relief as to other claims or counterclaims. Rather,
     the arbitrator must only select one or the other party's entire requested
     relief on all of the asserted claims and counterclaims, and the arbitrator
     shall enter a final ruling that adopts in whole such requested relief. The
     arbitrator shall limit his/her final ruling to selecting the entire
     requested relief he/she considers the most appropriate from the requests
     submitted by the parties.

          (iii) Arbitration shall take place in the City of Dearborn, Michigan
     unless the parties agree otherwise or the arbitrator selected by the
     parties orders otherwise. Punitive or exemplary damages shall not be
     awarded. This Section 10.06 is subject to the Federal Arbitration Act, 28
     U.S.C.A. Section 1, et seq., or comparable legislation in non-U.S.
     jurisdictions, and judgment upon the award rendered by the arbitrator may
     be entered by any court having jurisdiction.

     Section 10.07. Jurisdiction. Subject to Section 10.06, the parties hereto
agree that any suit, action or proceeding seeking to enforce any provision of,
or based on any matter arising out of or in connection with, this Agreement or
the transactions contemplated hereby shall be brought in any federal court
sitting in Michigan or any Michigan State court sitting in Wayne County or
Oakland County, Michigan, so long as one of such courts shall have subject
matter jurisdiction over such suit, action or proceeding, and that any cause of
action arising out of this Agreement shall be deemed to have arisen from a
transaction of business in the State of Michigan. Each of the parties hereby
irrevocably consents to the jurisdiction of such courts (and of the appropriate
appellate courts therefrom) in any such suit, action or proceeding and
irrevocably waives, to the fullest extent permitted by law, any objection that
it may now or hereafter have to the laying of the venue of any such suit, action
or proceeding in any such court or any objection that any such suit, action or
proceeding brought in any such court has been brought in an inconvenient forum.
Process in any such suit, action or proceeding may be served on any party
anywhere in the world, whether within or without the jurisdiction of any such
court.

                                       60

<PAGE>

     Section 10.08. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.

     Section 10.09. Counterparts; Effectiveness; Third Party Beneficiaries. This
Agreement may be signed in counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same
instrument. This Agreement shall become effective when each party hereto shall
have received a counterpart hereof signed by the other party hereto. Until and
unless each party has received a counterpart hereof signed by the other party
hereto, this Agreement shall have no effect and no party shall have any right or
obligation hereunder (whether by virtue of any other oral or written agreement
or other communication). No provision of this Agreement is intended to confer
any rights, benefits, remedies, obligations or liabilities hereunder upon any
Person other than (i) the parties hereto and their respective successors and
permitted assigns under Section 10.04 and (ii) Ford as expressly provided in
Section 5.08 of the Visteon "B" Purchase Agreement.

     Section 10.10. Entire Agreement. This Agreement and the other agreements
referred to in Section 8 of the Master Agreement constitute the entire agreement
between the parties with respect to the subject matter of such agreements and
supersede all prior agreements and understandings, both oral and written,
between the parties with respect to the subject matter of such agreements.

     Section 10.11. Bulk Sales Laws. The Company and Visteon each hereby waive
compliance by Visteon with the provisions of the "bulk sales," "bulk transfer"
or similar laws of any state.

     Section 10.12. Severability. If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction or
other authority to be invalid, void or unenforceable, the remainder of the
terms, provisions, covenants and restrictions of this Agreement shall remain in
full force and effect and shall in no way be affected, impaired or invalidated
so long as the economic or legal substance of the transactions contemplated
hereby is not affected in any manner materially adverse to any party. Upon such
a determination, the parties shall negotiate in good faith to modify this
Agreement so as to effect the original intent of the parties as closely as
possible in an acceptable manner in order that the transactions contemplated
hereby be consummated as originally contemplated to the fullest extent possible.

     Section 10.13. Specific Performance. The parties hereto agree that
irreparable damage would occur if any provision of this Agreement were not
performed in accordance with the terms hereof and that the parties shall be

<PAGE>
entitled to an injunction or injunctions to prevent breaches of this Agreement
or to enforce specifically the performance of the terms and provisions hereof in
the courts specified in Section 10.07.

                                       61
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their respective authorized officers as of the day and year
first above written.

                                        VISTEON CORPORATION

                                        By: /s/ James F. Palmer
                                            ------------------------------------
                                        Name:  James F. Palmer
                                        Title: Executive Vice President and
                                               Chief Financial Officer

                                        VFH HOLDINGS, INC.

                                        By: /s/ Heidi A. Sepanik
                                            ------------------------------------
                                        Name:  Heidi A. Sepanik
                                        Title: Assistant Secretary<PAGE>
                                                                    Exhibit 10.3

                        VISTEON "A" TRANSACTION AGREEMENT

                                   dated as of

                               September 12, 2005

                                     between

                               FORD MOTOR COMPANY

                                       and

                               VISTEON CORPORATION

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                            PAGE
                                                                            ----
<S>                                                                         <C>
                                    ARTICLE 1
                                   DEFINITIONS

Section 1.01.   Definitions..............................................     1
Section 1.02.   Other Definitional and Interpretative Provisions.........     4

                                     ARTICLE 2
                                   TRANSACTIONS

Section 2.01.   Transactions.............................................     5
Section 2.02.   Closing..................................................     6
Section 2.03.   Deliveries at Closing....................................     6
Section 2.04.   Certain Adjustments......................................     8

                                     ARTICLE 3
                     REPRESENTATIONS AND WARRANTIES OF VISTEON

Section 3.01.   Corporate Existence and Power............................     8
Section 3.02.   Corporate Authorization..................................     8
Section 3.03.   Governmental Authorization...............................     9
Section 3.04.   Noncontravention.........................................     9
Section 3.05.   Capitalization...........................................     9
Section 3.06.   Valid Issuance...........................................    10
Section 3.07.   Litigation...............................................    10
Section 3.08.   Taxes....................................................    10
Section 3.09.   Finders' Fees............................................    10
Section 3.10.   No Other Representations or Warranties...................    11

                                     ARTICLE 4
                      REPRESENTATIONS AND WARRANTIES OF FORD

Section 4.01.   Corporate Existence and Power............................    11
Section 4.02.   Corporate Authorization..................................    11
Section 4.03.   Governmental Authorization...............................    11
Section 4.04.   Noncontravention.........................................    12
Section 4.05.   Purchase for Investment; Accredited Investor; Resale.....    12
Section 4.06.   Litigation...............................................    12
Section 4.07.   Finders' Fees............................................    13
Section 4.08.   No Other Representations or Warranties...................    13
</TABLE>

                                        i

<PAGE>

<TABLE>
<S>                                                                         <C>
                                     ARTICLE 5
                           COVENANTS OF FORD AND VISTEON

Section 5.01.   Commercially Reasonable Efforts; Further Assurances......    13
Section 5.02.   Certain Filings..........................................    13
Section 5.03.   Public Announcements.....................................    14
Section 5.04.   NYSE Listing.............................................    14
Section 5.05.   Multimedia Repair Services...............................    14
Section 5.06.   Notices of Certain Events................................    14

                                     ARTICLE 6
                               CONDITIONS TO CLOSING

Section 6.01.   Conditions to Obligations of Ford and Visteon............    15
Section 6.02.   Conditions to Obligation of Ford.........................    15
Section 6.03.   Conditions to Obligation of Visteon......................    16

                                     ARTICLE 7
                             SURVIVAL; INDEMNIFICATION

Section 7.01.   Survival.................................................    17
Section 7.02.   Indemnification..........................................    17
Section 7.03.   Indemnification Procedures and other Provisions relating
                to Indemnification Claims................................    18
Section 7.04.   No Double Recovery.......................................    19

                                     ARTICLE 8
                                    TERMINATION

Section 8.01.   Grounds for Termination..................................    19
Section 8.02.   Effect of Termination....................................    20

                                     ARTICLE 9
                                   MISCELLANEOUS

Section 9.01.   Notices..................................................    20
Section 9.02.   Amendments and Waivers...................................    22
Section 9.03.   Expenses.................................................    22
Section 9.04.   Successors and Assigns...................................    22
Section 9.05.   Governing Law............................................    22
Section 9.06.   Dispute Resolution.......................................    23
Section 9.07.   Jurisdiction.............................................    23
Section 9.08.   WAIVER OF JURY TRIAL.....................................    24
Section 9.09.   Counterparts; Effectiveness; Third Party Beneficiaries...    24
Section 9.10.   Entire Agreement.........................................    24
</TABLE>

                                       ii

<PAGE>

<TABLE>
<S>                                                                         <C>
Section 9.11.   Severability.............................................    24
Section 9.12.   Specific Performance.....................................    25
</TABLE>

Exhibit A   Container Agreement
Exhibit B   Employee Transition Agreement Amendment
Exhibit C   Escrow Agreement
Exhibit D   Europe FCSD Relationship Agreement
Exhibit E   Ford-Visteon IP License Agreement
Exhibit F   Ford-Visteon Purchase and Supply Agreement
Exhibit G   Reimbursement Agreement
Exhibit H   Stockholder Agreement
Exhibit I   Tooling Agreement
Exhibit J   Warrant

                                       iii

<PAGE>

                        VISTEON "A" TRANSACTION AGREEMENT

     VISTEON "A" TRANSACTION AGREEMENT (this "AGREEMENT") dated as of September
12, 2005 between Ford Motor Company, a Delaware corporation ("FORD"), and
Visteon Corporation, a Delaware corporation ("VISTEON").

                                   WITNESSETH:

     WHEREAS, Ford and Visteon are parties to a Master Agreement (the "MASTER
AGREEMENT") dated as of the date hereof pursuant to which, among other things,
(i) Ford and Visteon have agreed to enter into this Agreement and to consummate,
subject to the terms and conditions set forth herein, the transactions
contemplated hereby, (ii) Ford and Visteon have agreed, subject to the condition
set forth in Section 1(ii) of the Master Agreement, to enter into a Secured
Promissory Note (the "SECURED PROMISSORY NOTE") pursuant to which Ford shall
extend to Visteon a short-term loan in the amount of $250 million, (iii) Visteon
has agreed to enter into a Contribution Agreement (the "CONTRIBUTION AGREEMENT")
with VFH Holdings, Inc., a Delaware corporation (the "COMPANY"), whereby, among
other things, and subject to the terms and conditions set forth therein, Visteon
has agreed to contribute to one or more newly-formed, wholly-owned Subsidiaries
of the Company certain assets and properties, and the Company has agreed to
assume certain liabilities as set forth therein, and (iv) Ford and Visteon have
agreed to enter into a Visteon "B" Purchase Agreement (the "VISTEON "B" PURCHASE
AGREEMENT") whereby, among other things, and subject to the terms and conditions
set forth therein, Ford has agreed to purchase from Visteon, and Visteon has
agreed to sell to Ford, all of the issued and outstanding shares of common stock
of the Company.

     NOW THEREFORE, in consideration of the above premises and the mutual
covenants herein contained, and for other good and valuable consideration given
by each party hereto to the other, the sufficiency and receipt of which are
hereby acknowledged, the parties hereto, intending to be legally bound, hereby
agree as follows:

                                   DEFINITIONS

     Section .01. Definitions. (a)Capitalized terms used but otherwise not
defined herein shall have the meanings assigned to them in the Contribution
Agreement.

     (b) The following terms, as used herein, have the following meanings:
<PAGE>

     "1933 ACT" means the Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder.

     "CLOSING DATE" means the date of the Closing.

     "CONTAINER AGREEMENT" means the Amended and Restated Container Agreement
substantially in the form of Exhibit A hereto.

     "DISCLOSURE SCHEDULE" means the disclosure schedule delivered by Visteon to
Ford on the date hereof as attached hereto.

     "EMPLOYEE TRANSITION AGREEMENT AMENDMENT" means the Second Amendment to the
Amended and Restated Employee Transition Agreement between Ford and Visteon
dated as of April 1, 2000 and restated as of December 19, 2003 and amended as of
the date hereof substantially in the form of Exhibit B hereto.

     "ESCROW AGREEMENT" means the Escrow Agreement substantially in the form of
Exhibit C hereto.

     "ESCROW AGENT" means the escrow agent under the Escrow Agreement.

     "EUROPE FCSD RELATIONSHIP AGREEMENT" means the Visteon/Ford Customer
Service Division European Relationship Agreement substantially in the form of
Exhibit D hereto.

     "FORD MATERIAL ADVERSE EFFECT" means a material adverse effect on the
ability of Ford to perform its obligations under this Agreement or to consummate
the transactions contemplated by this Agreement.

     "FORD-VISTEON IP LICENSE AGREEMENT" means the Intellectual Property License
Agreement substantially in the form of Exhibit E hereto.

     "FORD-VISTEON PURCHASE AND SUPPLY AGREEMENT" means the Purchase and Supply
Agreement Regarding Sales of Components by Visteon to Ford substantially in the
form of Exhibit F hereto.

     "HSR ACT" means the Hart-Scott-Rodino Antitrust Improvements Act of 1976,
as amended.

     "NYSE" means the New York Stock Exchange, Inc.

     "REIMBURSEMENT AGREEMENT" means the Reimbursement Agreement substantially
in the form of Exhibit G hereto.

     "SEC" means the Securities and Exchange Commission.

                                        2

<PAGE>

     "STOCKHOLDER AGREEMENT" means the Stockholder Agreement substantially in
the form of Exhibit H hereto.

     "TOOLING AGREEMENT" means the Tooling Agreement substantially in the form
of Exhibit I hereto.

     "VISTEON "A" TRANSACTION DOCUMENTS" means:

          (i)    this Agreement;

          (ii)   the Container Agreement;

          (iii)  the Employee Transition Agreement Amendment;

          (iv)   the Escrow Agreement;

          (v)    the Europe FCSD Relationship Agreement;

          (vi)   the Ford-Visteon IP License Agreement;

          (vii)  the Ford-Visteon Purchase and Supply Agreement;

          (viii) the Reimbursement Agreement;

          (ix)   the Stockholder Agreement;

          (x)    the Tooling Agreement;

          (xi)   the Warrant; and

          (xii) any and all other agreements and documents required to be
     delivered by any party hereto prior to or at Closing pursuant to the terms
     of this Agreement.

     "VISTEON COMMON STOCK" means the common stock, par value $1.00 per share,
of Visteon.

     "VISTEON MATERIAL ADVERSE EFFECT" means a material adverse effect on (i)
the condition (financial or otherwise), business, assets or results of
operations of Visteon and its Affiliates (taken as whole, excluding the
Business) or (ii) the ability of Visteon to perform its obligations under this
Agreement or to consummate the transactions contemplated by this Agreement,
other than, in each case of clauses (i) and (ii), an effect to the extent
resulting from any one or more of the following: (A) any change in the United
States or foreign economies or securities or financial markets in general; (B)
any change that generally affects any industry in which Visteon competes,
including changes in the price of energy,

                                        3

<PAGE>

supplies and raw materials; (C) any change arising in connection with
hostilities, acts of war, sabotage or terrorism or military actions or any
material escalation or material worsening of any such hostilities, acts of war,
sabotage or terrorism or military actions existing or underway as of the date
hereof (but only to the extent not disproportionately impacting or affecting
Visteon); (D) any volume reductions in Ford's business with Visteon; or (E) the
loss of customers, suppliers or employees resulting from the public announcement
of this Agreement, compliance with the terms of this Agreement or the
consummation of the transactions contemplated by this Agreement.

     "WARRANT" means the Warrant to purchase shares of Visteon Common Stock
substantially in the form of Exhibit J hereto.

     "WARRANT SHARES" means the shares of Visteon Common Stock issued or
issuable upon exercise of the Warrant.

     (c) Each of the following terms is defined in the Section set forth
opposite such term:

<TABLE>
<CAPTION>
TERM                              SECTION
----                             --------
<S>                              <C>
Agreement                        Preamble
Ford                             Preamble
Closing                               .02
Company                          Recitals
Contribution Agreement           Recitals
Escrow Account                       2.03
Master Agreement                 Recitals
Secured Promissory Note          Recitals
Visteon                          Preamble
Visteon "B" Purchase Agreement   Recitals
Warranty Breach                       .02
</TABLE>

     Section .02. Other Definitional and Interpretative Provisions. The words
"hereof", "herein" and "hereunder" and words of like import used in this
Agreement shall refer to this Agreement as a whole and not to any particular
provision of this Agreement. The captions herein are included for convenience of
reference only and shall be ignored in the construction or interpretation
hereof. References to Articles, Sections, Exhibits and Schedules are to
Articles, Sections, Exhibits and Schedules of this Agreement unless otherwise
specified. All Exhibits and Schedules annexed hereto or referred to herein are
hereby incorporated in and made a part of this Agreement as if set forth in full
herein. Any capitalized terms used in any Exhibit or Schedule but not otherwise
defined therein, shall have the meanings assigned to such terms in this
Agreement. Any singular term in this Agreement shall be deemed to include the
plural, and any plural term the singular. Whenever the words "include",
"includes" or

                                        4

<PAGE>

"including" are used in this Agreement, they shall be deemed to be followed by
the words "without limitation", whether or not they are in fact followed by
those words or words of like import. "Writing", "written" and comparable terms
refer to printing, typing and other means of reproducing words (including
electronic media) in a visible form. References in this Agreement to any
agreement or contract are to that agreement or contract as amended, modified or
supplemented from time to time in accordance with the terms hereof and thereof;
provided that with respect to any agreement or contract listed on any schedules
hereto, all such amendments, modifications or supplements are to be deemed
included in such agreement or contract only if listed in the appropriate
schedule. References in this Agreement to any Person include the successors and
permitted assigns of that Person. References in this Agreement from or through
any date mean, unless otherwise specified, from and including or through and
including, respectively.

                                  TRANSACTIONS

     Section .01. Transactions. Upon the terms and subject to the conditions of
this Agreement, the parties agree to consummate the following transactions at
the Closing:

          (i) Warrant Issuance and Entry into Stockholder Agreement. Visteon
     shall issue the Warrant to Ford, in consideration of the payment by Ford of
     $100 million in cash, which amount is included in the funds to be deposited
     by Ford in the Escrow Account at Closing pursuant to Section .03(b) of this
     Agreement, and Ford and Visteon shall enter into the Stockholder Agreement.

          (ii) Visteon Restructuring Costs. To assist Visteon in the
     restructuring of its businesses (other than the Business), Ford shall enter
     into the Escrow Agreement and the Reimbursement Agreement pursuant to which
     Ford will reimburse Visteon with respect to certain restructuring and
     separation costs incurred or to be incurred by Visteon in connection
     therewith.

          (iii) Termination of Existing Ford-Visteon Purchase and Supply
     Agreement and Entry into New Ford-Visteon Purchase and Supply Agreement.
     Ford and Visteon shall (A) terminate the Purchase and Supply Agreement
     between Ford and Visteon dated as of December 19, 2003 and (B) enter into
     the Ford-Visteon Purchase and Supply Agreement.

          (iv) Entry into Employee Transition Agreement Amendment. Ford and
     Visteon shall enter into the Employee Transition Agreement Amendment.

                                        5

<PAGE>

          (v) Entry into Container Agreement. Ford and Visteon shall enter into
     the Container Agreement.

          (vi) Entry into Tooling Agreement. Ford and Visteon shall enter into
     the Tooling Agreement.

          (vii) Entry into New Intellectual Property License Agreement. Ford and
     Visteon shall enter into (or cause their appropriate Subsidiaries,
     including, in the case of Visteon, Visteon Global Technologies, Inc., to
     enter into, as applicable) the Ford-Visteon IP License Agreement.

          (viii) Entry into Europe FCSD Relationship Agreement. Ford and Visteon
     shall enter into the Europe FCSD Relationship Agreement.

          (ix) Other Agreements. The parties shall enter into the other Visteon
     "A" Transaction Documents to which they are a party.

          (x) Termination of 2003 Relationship Agreement. Ford and Visteon
     hereby agree that, effective as of the Closing, the 2003 Relationship
     Agreement dated as of December 19, 2003 between Ford and Visteon shall be
     automatically terminated without further action and shall be of no further
     force and effect.

          (xi) Chesterfield Employee Transition Reimbursement Arrangements. Ford
     hereby fully, unconditionally, completely, irrevocably and forever releases
     Visteon, effective as of the Closing, of its obligation to reimburse Ford
     for the costs of pension- and OPEB-related liabilities, the Ford Attrition
     Programs and the Ford Transfer Opportunities set forth in Sections 5.1, 7.1
     and 7.2, respectively, of the Chesterfield Transition and Stewardship
     Agreement dated as of April 1, 2003 among Johnson Controls, Inc., Visteon
     and Ford.

     Section .02. Closing. The closing (the "CLOSING") of the transactions
contemplated by Section .01 shall take place at the offices of Dykema Gossett
PLLC, 400 Renaissance Center, Detroit, Michigan 48243, after satisfaction of the
conditions set forth in 0 (or waiver thereof by the party entitled to waive such
condition) on the day immediately following the closing of the Contribution
Agreement, or at such other time or place as Ford and Visteon may agree.

     Section .03. Deliveries at Closing. (a) Deliveries by Ford to Visteon. At
the Closing, Ford shall deliver (or cause to be delivered) to Visteon a
counterpart of each of the following Visteon "A" Transaction Documents duly
executed by Ford (or Affiliate of Ford, as appropriate):

               (A) Container Agreement.

                                        6

<PAGE>

               (B) Employee Transition Agreement Amendment.

               (C) Escrow Agreement.

               (D) Europe FCSD Relationship Agreement.

               (E) Ford-Visteon IP License Agreement.

               (F) Ford-Visteon Purchase and Supply Agreement.

               (G) Reimbursement Agreement.

               (H) Stockholder Agreement.

               (I) Tooling Agreement.

               (J) Warrant.

     (b) Deposit by Ford into the Restructuring Escrow Account. At the Closing,
Ford shall deposit, or shall cause to be deposited, $400 million into a separate
account (the "ESCROW ACCOUNT") with the Escrow Agent by wire transfer of
immediately available funds to be held pursuant to the terms of the Escrow
Agreement. Notwithstanding the preceding sentence, if the Closing Date is not a
Business Day, the amount of cash to be deposited by Ford pursuant to this clause
(b) shall be deposited into the Escrow Account on the next Business Day
following the Closing Date. If Ford fails to make such deposit on such next
Business Day, the transactions contemplated hereby shall be unwound and the
Closing shall be deemed not to have been consummated.

     (c) Deliveries by Visteon to Ford. At the Closing, Visteon shall deliver
(or cause to be delivered) to Ford a counterpart of each of the following
Visteon "A" Transaction Documents duly executed by Visteon (or Affiliate of
Visteon, as appropriate):

               (A) Container Agreement.

               (B) Employee Transition Agreement Amendment.

               (C) Escrow Agreement.

               (D) Europe FCSD Relationship Agreement.

               (E) Ford-Visteon IP License Agreement.

               (F) Ford-Visteon Purchase and Supply Agreement.

               (G) Reimbursement Agreement.

                                        7

<PAGE>

               (H) Stockholder Agreement.

               (I) Tooling Agreement.

               (J) Warrant.

     Section .04. Certain Adjustments. If, during the period between the date of
this Agreement and the Closing, there shall be (other than the contribution of
the Business by Visteon to Subsidiaries of the Company pursuant to the
Contribution Agreement) any reclassification, restructuring, business
combination, spin-off, recapitalization, stock split or combination, exchange or
readjustment of shares, stock dividend thereon with a record date during such
period or other similar transaction involving Visteon Common Stock or all or
substantially all of Visteon's consolidated assets, then an appropriate
adjustment shall be made to each of the number of Warrant Shares, exercise price
of the Warrant, and, if applicable, amount and/or type of consideration
contemplated in Section .01.

                    REPRESENTATIONS AND WARRANTIES OF VISTEON

     Visteon represents and warrants to Ford as of the date hereof and as of the
Closing Date (subject to any exceptions disclosed on the correspondingly
numbered section of the Disclosure Schedule) that:

     Section .01. Corporate Existence and Power. Visteon is a corporation duly
incorporated, validly existing and in good standing under the laws of Delaware
and has all corporate powers required to carry on its business as now conducted.

     Section .02. Corporate Authorization. The execution, delivery and
performance by Visteon (and each of its Affiliates that is or will be a party to
any Visteon "A" Transaction Document) of this Agreement and each other Visteon
"A" Transaction Document to which it is a party and the consummation of the
transactions contemplated hereby and thereby are within its corporate powers and
have been duly authorized by all necessary corporate action on the part of
Visteon or such Affiliate. This Agreement and each other Visteon "A" Transaction
Document to which Visteon or any of its Affiliates is or will be a party
constitutes or will constitute when executed (assuming the due authorization,
execution and delivery by the other parties thereto) a valid and binding
agreement of Visteon and such Affiliates, enforceable against Visteon (or such
Affiliates) in accordance with their respective terms, subject to applicable
bankruptcy, insolvency, reorganization, moratorium and similar laws affecting
creditors' rights and remedies generally, and subject, as to enforceability, to
general principles of

                                        8

<PAGE>

equity, including principles of commercial reasonableness, good faith and fair
dealing (regardless of whether enforcement is sought in a proceeding at law or
in equity).

     Section .03. Governmental Authorization. The execution, delivery and
performance by Visteon (and each of its Affiliates that is or will be a party to
any Visteon "A" Transaction Document) of this Agreement and each other Visteon
"A" Transaction Document to which it is a party and the consummation of the
transactions contemplated hereby and thereby require no material authorization
by, or material filing with, any Governmental Authority other than (i)
compliance with any applicable requirements of the HSR Act, (ii) compliance with
any applicable requirements of state securities laws in connection with the sale
and issuance of the Warrant and the Warrant Shares and (iii) compliance with any
applicable requirements of the 1933 Act in connection with Visteon fulfilling
its registration obligations under the Stockholder Agreement.

     Section .04. Noncontravention. (a) The execution, delivery and performance
by Visteon (and each of its Affiliates that is or will be a party to any Visteon
"A" Transaction Document) of this Agreement and each other Visteon "A"
Transaction Document to which it is a party and the consummation of the
transactions contemplated hereby and thereby do not and will not (i) violate its
certificate of incorporation or bylaws or other organizational documents, (ii)
assuming compliance with the matters referred to in Section .03, violate in any
material respect any applicable law, rule, regulation, judgment, injunction,
order or decree or (iii) require any consent or other action by any Person
under, constitute a default under, or give rise to any right of termination,
cancellation or acceleration of any of its rights or obligations or to a loss of
any benefit to which it is entitled under any provision of any material
agreement or other instrument binding upon it except, in the case of this clause
(iii), as would not reasonably be expected to have, individually or in the
aggregate, a Visteon Material Adverse Effect.

     (b) Without limiting the generality of Section .04(a), and assuming the
accuracy of Ford's representations and warranties set forth in Section .05, the
offering, issuance and sale of the Warrant and the Warrant Shares hereunder is
not, and at the time of issuance of will not be, in violation, breach or
contravention of the 1933 Act or any rule or other requirement of, or any
criteria for listing or continued trading through, the NYSE.

     Section .05. Capitalization. (a) The authorized capital stock of Visteon
consists of 500,000,000 shares of Visteon Common Stock. As of September 8, 2005,
there were outstanding (i) 128,693,929 shares of Visteon Common Stock (including
2,431,632 employee restricted shares) and (ii) employee stock options to
purchase an aggregate of 15,386,755 shares of Visteon Common Stock (of which
options to purchase an aggregate of 10,959,152 shares of Visteon Common

                                        9

<PAGE>

Stock are exercisable). All outstanding shares of capital stock of Visteon have
been duly authorized and validly issued and are fully paid and nonassessable.

     (b) Except as set forth in Section .05(a), as of September 8, 2005, there
were no outstanding (i) shares of capital stock or voting securities of Visteon,
(ii) securities of Visteon convertible into or exchangeable for shares of
capital stock or voting securities of Visteon or (iii) options, "phantom" stock
rights, stock appreciation rights, stock-based performance units or other rights
to acquire from Visteon, or other obligations of Visteon to issue, any capital
stock, voting securities or securities convertible into or exchangeable for
capital stock or voting securities of Visteon. There are no outstanding
obligations of Visteon or any of its Subsidiaries to repurchase, redeem or
otherwise acquire any of the securities referred to in clause (i), (ii) or (iii)
above.

     Section .06. Valid Issuance. The Warrant to be issued pursuant to this
Agreement and the Warrant Shares to be issued thereunder have been duly
authorized and, when issued and delivered in accordance with the terms of this
Agreement or the Warrant (as applicable), will have been validly issued free and
clear of all Liens (other than transfer restrictions under applicable securities
laws and transfer and other restrictions under the terms of the Warrant or
Stockholder Agreement) and will be fully paid and nonassessable and the issuance
thereof is not subject to any preemptive or other similar right.

     Section .07. Litigation. Except as publicly disclosed in the reports filed
or furnished by Visteon to the SEC prior to the date hereof, there is no action,
suit, investigation, inquiry or proceeding pending against, or to the knowledge
of Visteon, threatened against or affecting, Visteon or any of its Affiliates or
any of their respective properties by or before any Governmental Authority
which, individually or in the aggregate, if determined or resolved adversely in
accordance with the plaintiff's demands, would reasonably be expected to have a
Visteon Material Adverse Effect or which in any manner challenges or seeks to
prevent, enjoin or materially delay the transactions contemplated by this
Agreement.

     Section .08. Taxes. Visteon and its Subsidiaries have timely filed all
material Tax Returns required to be filed on or before the date hereof and have
paid all material Taxes due in connection with the taxable periods to which such
Tax Returns relate. There is no action, suit, claim, audit or similar proceeding
now proposed in writing or to the knowledge of Visteon pending against or with
respect to Visteon or any Subsidiary in respect of any material Tax.

     Section .09. Finders' Fees. There is no investment banker, broker, finder
or other intermediary that has been retained by or is authorized to act on
behalf of Visteon or any of its Affiliates who might be entitled to any fee or
commission from Ford or any of its Affiliates in connection with the
transactions contemplated by this Agreement.

                                       10

<PAGE>

     Section .10. No Other Representations or Warranties. Except for the
representations and warranties contained in this Agreement (as modified by the
Disclosure Schedule), or in the other agreements referred to in Section .10,
neither Visteon nor any other Person makes any other express or implied
representation or warranty with respect to Visteon, its Subsidiaries and the
transactions contemplated by this Agreement, and Visteon disclaims any other
such representations or warranties, whether made by Visteon, any Subsidiary of
Visteon or any of their respective officers, directors, employees, agents or
representatives. Nothing in this Section .10 shall impair or limit in any way
any of the rights or remedies of Ford and its Affiliates set forth in this
Agreement or in the other agreements referred to in Section .10 or relating to
or arising out of any fraud or willful misrepresentation.

                     REPRESENTATIONS AND WARRANTIES OF FORD

     Ford represents and warrants to Visteon as of the date hereof and as of the
Closing Date that:

     Section .01. Corporate Existence and Power. Ford is a corporation duly
incorporated, validly existing and in good standing under the laws of Delaware
and has all corporate powers required to carry on its business as now conducted.

     Section .02. Corporate Authorization. The execution, delivery and
performance by Ford (and each of its Affiliates that is or will be a party to
any Visteon "A" Transaction Document) of this Agreement and each other Visteon
"A" Transaction Document to which it is a party and the consummation of the
transactions contemplated hereby and thereby are within its corporate powers and
have been duly authorized by all necessary corporate action on the part of Ford
or such Affiliate. This Agreement and each other Visteon "A" Transaction
Document to which Ford or any of its Affiliates is or will be a party
constitutes or will constitute when executed (assuming the due authorization,
execution and delivery by the other parties thereto) a valid and binding
agreement of Ford and such Affiliates, enforceable against Ford (or such
Affiliates) in accordance with their respective terms, subject to applicable
bankruptcy, insolvency, reorganization, moratorium and similar laws affecting
creditors' rights and remedies generally, and subject, as to enforceability, to
general principles of equity, including principles of commercial reasonableness,
good faith and fair dealing (regardless of whether enforcement is sought in a
proceeding at law or in equity).

     Section .03. Governmental Authorization. The execution, delivery and
performance by Ford (and each of its Affiliates that is or will be a party to
any Visteon "A" Transaction Document) of this Agreement and each other Visteon

                                       11

<PAGE>

"A" Transaction Document to which it is a party and the consummation of the
transactions contemplated hereby and thereby require no material authorization
by, or material filing with, any Governmental Authority other than compliance
with any applicable requirements of the HSR Act.

     Section .04. Noncontravention. The execution, delivery and performance by
Ford (and each of its Affiliates that is or will be a party to any Visteon "A"
Transaction Document) of this Agreement and each other Visteon "A" Transaction
Document to which it is a party and the consummation of the transactions
contemplated hereby and thereby do not and will not (i) violate its certificate
of incorporation or bylaws or other organizational documents or (ii) assuming
compliance with the matters referred to in Section .03, violate in any material
respect any applicable law, rule, regulation, judgment, injunction, order or
decree or (iii) require any consent or other action by any Person under,
constitute a default under, or give rise to any right of termination,
cancellation or acceleration of any of its rights or obligations or to a loss of
any benefit to which it is entitled under any provision of any material
agreement or other instrument binding upon it except, in the case of this clause
(iii), as would not reasonably be expected to have, individually or in the
aggregate, a Ford Material Adverse Effect.

     Section .05. Purchase for Investment; Accredited Investor; Resale. Ford is
purchasing the Warrant and the Warrant Shares for investment for its own account
and not with a view to, or for sale in connection with, any distribution
thereof. Ford (either alone or together with its advisors) has sufficient
knowledge and experience in financial and business matters so as to be capable
of evaluating the merits and risks of its investment in the Warrant and the
Warrant Shares and is capable of bearing the economic risks of such investment.
Ford is an "accredited investor" within the meaning of Rule 501 of the 1933 Act.
Ford acknowledges that Visteon has indicated that the Warrant and the Warrant
Shares have not been registered under the 1933 Act, and that the Warrant Shares
will bear a legend stating that such securities have not been registered under
the 1933 Act and may not be sold or transferred in the absence of such
registration or an exemption from such registration.

     Section .06. Litigation. Except as publicly disclosed in the reports filed
or furnished by Ford to the SEC prior to the date hereof, there is no action,
suit, investigation, inquiry or proceeding pending against, or to the knowledge
of Ford, threatened against or affecting, Ford or any of its Affiliates or any
of their respective properties by or before any Governmental Authority which,
individually or in the aggregate, if determined or resolved adversely in
accordance with the plaintiff's demands, would reasonably be expected to have a
Ford Material Adverse Effect or which in any manner challenges or seeks to
prevent, enjoin or materially delay the transactions contemplated by this
Agreement.

                                       12

<PAGE>

     Section .07. Finders' Fees. There is no investment banker, broker, finder
or other intermediary that has been retained by or is authorized to act on
behalf of Ford or any of its Affiliates who might be entitled to any fee or
commission from Visteon or any of its Affiliates in connection with the
transactions contemplated by this Agreement.

     Section .08. No Other Representations or Warranties. Except for the
representations and warranties contained in this Agreement, or in the other
agreements referred to in Section .10, neither Ford nor any other Person makes
any other express or implied representation or warranty with respect to Ford,
its Subsidiaries and the transactions contemplated by this Agreement, and Ford
disclaims any other such representations or warranties, whether made by Ford,
any Subsidiary of Ford or any of their respective officers, directors,
employees, agents or representatives. Nothing in this Section .08 shall impair
or limit in any way any of the rights or remedies of Visteon and its Affiliates
set forth in this Agreement or in the other agreements referred to in Section
..10 or relating to or arising out of any fraud or willful misrepresentation.

                          COVENANTS OF FORD AND VISTEON

     Section .01. Commercially Reasonable Efforts; Further Assurances. Subject
to the terms and conditions of this Agreement, Ford and Visteon will use their
respective commercially reasonable efforts to take, or cause to be taken, all
actions and to do, or cause to be done, all things necessary or desirable under
applicable laws and regulations to consummate the transactions contemplated by
this Agreement. Ford and Visteon agree to execute and deliver such other
documents, certificates, agreements and other writings and to take such other
actions as may be necessary or desirable in order to consummate or implement
expeditiously the transactions contemplated by this Agreement.

     Section .02. Certain Filings. Ford and Visteon shall cooperate with one
another (i) in determining whether any action by or in respect of, or filing
with, any Governmental Authority is required, or any actions, consents,
approvals or waivers are required to be obtained from parties to any material
contracts, in connection with the consummation of the transactions contemplated
by this Agreement and (ii) in taking such actions or making any such filings,
furnishing information required in connection therewith and seeking timely to
obtain any such actions, consents, approvals or waivers. Filing fees
attributable to the filings made pursuant to this Section .02 shall be borne by
the party responsible for making the filing, or if one joint filing is required,
the applicable filing fee shall be equally borne by Ford and Visteon.

                                       13

<PAGE>

     Section .03. Public Announcements. The parties agree to consult with each
other before issuing any press release or making any public statement with
respect to this Agreement or the transactions contemplated hereby and, except
for (i) any press releases and public statements the making of which may be
required by applicable law or any listing agreement with any national securities
exchange, (ii) confidential disclosures to rating agencies and (iii) disclosures
made to lenders and underwriters that enter into a confidentiality agreement
substantially comparable to the Confidentiality Agreement, no party shall issue
any such press release or make any such public statement without the prior
consent of the other party.

     Section .04. NYSE Listing. Visteon shall use its reasonable efforts to
cause the Warrant Shares to be approved for listing on the NYSE, subject to
official notice of issuance, prior to the Closing Date.

     Section .05. Multimedia Repair Services. From the date hereof, Ford and
Visteon shall negotiate in good faith the terms of a statement of work for
multimedia repair services to be provided by Visteon to Ford from and after the
Closing. The statement of work shall contain the detail listed in Schedule 5.05.
In the event the parties are unable to agree on such statement of work prior to
the Closing, Ford's standard nonproduction global terms shall apply to the
provision of such services.

     Section .06. Notices of Certain Events. Each party shall promptly notify
the other party of:

          (a) any written notice or other written communication from any Person
     alleging that the consent of such Person is or may be required in
     connection with the transactions contemplated by this Agreement or the
     other Visteon "A" Transaction Documents;

          (b) any notice or other communication from any Governmental Authority
     in connection with the transactions contemplated by this Agreement or the
     other Visteon "A" Transaction Documents;

          (c) any actions, suits, claims, investigations, inquiries or
     proceedings commenced or, to its knowledge, threatened that relate to the
     consummation of the transactions contemplated by this Agreement or the
     other Visteon "A" Transaction Documents or that, if pending on the date of
     this Agreement, would have been required to be disclosed pursuant to
     Section .07 (in the case of Visteon) or Section .06 (in the case of Ford);
     and

          (d) any circumstance, event or action the existence, occurrence or
     taking of which would result in any representation or warranty made by

                                       14

<PAGE>

     such party in this Agreement not being true and correct and which, if not
     cured, would result in the failure of the condition set forth in Section
     .02(a)(ii) (in the case of Visteon) or Section .03(a)(ii) (in the case of
     Ford).

     No notice or disclosure by a party pursuant to this Section shall be deemed
to amend or supplement the Disclosure Schedule or to prevent, cure or operate as
a waiver of any misrepresentation or breach of warranty.

                              CONDITIONS TO CLOSING

     Section .01. Conditions to Obligations of Ford and Visteon. The obligations
of Ford and Visteon to consummate the Closing are subject to the satisfaction or
waiver by both parties of the following conditions:

          (a) The closing under the Contribution Agreement shall have been
     consummated.

          (b) The closing under the Visteon "B" Purchase Agreement shall have
     been consummated (or be capable of being consummated contemporaneously with
     the Closing).

          (c) No provision of any applicable law or regulation and no judgment,
     injunction, order or decree by any Governmental Authority shall prohibit
     (including as a result of the failure to obtain, take or make any required
     authorization or similar action by or in respect of or filings with any
     Governmental Authority) the consummation of the Closing.

     Section .02. Conditions to Obligation of Ford. The obligation of Ford to
consummate the Closing is subject to the satisfaction of the following further
conditions:

          (a) (i) Visteon shall have performed in all material respects all of
     its obligations hereunder required to be performed by it on or prior to the
     Closing Date, (ii)(A) the representations and warranties of Visteon
     contained in Sections 3.02, .05 and .06 shall be true and correct at and as
     of the Closing Date as if made at and as of such date, subject to de
     minimis exceptions in the case of Section .05 and (B) all other
     representations and warranties of Visteon contained in this Agreement and
     in any other Visteon "A" Transaction Document and in any certificate
     delivered by Visteon pursuant hereto, disregarding all qualifications and
     exceptions contained therein relating to materiality or Visteon Material
     Adverse Effect, shall be true and correct at and as of the Closing Date as
     if made at and as of such date (except that representations and warranties
     that relate

                                       15

<PAGE>

     to a specific date shall only be required to be true and correct as of such
     date) except as would not, individually or in the aggregate, have a Visteon
     Material Adverse Effect, and (iii) Ford shall have received a certificate
     signed by the chief financial officer of Visteon to the foregoing effect.

          (b) There shall not be pending any action or proceeding by any
     Governmental Authority, that challenges or seeks to make illegal, to
     materially delay or otherwise directly or indirectly to prohibit the
     consummation of the transactions contemplated by this Agreement or seeks to
     obtain material damages from Ford or its Affiliates in connection with this
     transaction.

          (c) Visteon shall have paid in full to Ford all outstanding amounts
     owing to Ford under the Secured Promissory Note (or such amounts shall have
     been set-off in full pursuant to Section 2.03(a)(i) of the Visteon "B"
     Purchase Agreement).

          (d) There shall not have been, since the date of this Agreement, any
     event, occurrence, development or state of circumstances or facts which,
     individually or in the aggregate, has had or would reasonably be expected
     to have a Visteon Material Adverse Effect; provided that Ford and Visteon
     agree that, notwithstanding anything in the Contribution Agreement to the
     contrary, Visteon shall not be required to consummate the closing under the
     Contribution Agreement unless Ford shall have delivered to Visteon, at
     Visteon's request, a certificate signed by the chief financial officer of
     Ford that, as of the date of such closing, Ford is not aware of any event,
     occurrence, development or state of circumstances or facts that would
     result in a failure of the conditions set forth in this Section 6.02(d) or
     Section 6.02(a)(ii)(B); provided, further that Visteon's chief financial
     officer shall have (immediately prior to such delivery by Ford to Visteon)
     provided to Ford a certificate signed by the chief financial officer of
     Visteon to the same effect.

          (e) If Ford shall have given notice of a breach or failure to perform
     pursuant to Section .01(a)(iv)(B) and Visteon shall not have cured such
     breach.

          (f) Ford shall have received all documents and instruments to be
     received by Ford pursuant to Section .03(c).

     Section .03. Conditions to Obligation of Visteon. The obligation of Visteon
to consummate the Closing is subject to the satisfaction of the following
further conditions:

                                       16

<PAGE>

          (a) (i) Ford shall have performed in all material respects all of its
     obligations hereunder required to be performed by it on or prior to the
     Closing Date, (ii)(A) the representations and warranties of Ford contained
     in Section .02 shall be true and correct at and as of the Closing Date as
     if made at and as of such date and (B) all other representations and
     warranties of Ford contained in this Agreement and in any other Visteon "A"
     Transaction Document and in any certificate delivered by Ford pursuant
     hereto, shall be true and correct in all material respects at and as of the
     Closing Date as if made at and as of such date (except that representations
     and warranties that relate to a specific date shall only be required to be
     true and correct as of such date), and (iii) Visteon shall have received a
     certificate signed by the chief financial officer of Ford to the foregoing
     effect.

          (b) Visteon shall have received all documents and instruments to be
     received by Visteon pursuant to Section .03(a), and, only if the Closing
     Date is a Business Day, Ford shall have made the deposit into the Escrow
     Account pursuant to Section .03(b).

                            SURVIVAL; INDEMNIFICATION

     Section .01. Survival. The representations and warranties of the parties
hereto contained in this Agreement or in any officer's certificate delivered
pursuant hereto or in connection herewith shall survive the Closing until the
eighteen month anniversary of the Closing Date; provided that (i) the
representations and warranties in Sections 3.01, .02, .06, .01, .02, and 4.05
shall survive indefinitely or until the latest date permitted by applicable law
and (ii) the representations and warranties in Section 3.08 shall survive until
the third anniversary of the Closing Date. The covenants and agreements of the
parties hereto contained in this Agreement or in any officer's certificate
delivered pursuant hereto or in connection herewith shall survive the Closing
indefinitely or for the shorter period explicitly specified therein, except that
for such covenants and agreements that survive for such shorter period, breaches
thereof shall survive indefinitely or until the latest date permitted by law.
Notwithstanding the preceding sentence, any breach of covenant, agreement,
representation or warranty in respect of which indemnity may be sought under
this Agreement shall survive the time at which it would otherwise terminate
pursuant to the preceding sentence, if written notice of the inaccuracy thereof
giving rise to such right of indemnity (setting forth the basis therefor in
reasonable detail) shall have been given to the party against whom such
indemnity may be sought prior to such time.

     Section .02. Indemnification. (a) Effective at and after the Closing,
Visteon hereby indemnifies Ford and its Affiliates against and agrees to hold
each

                                       17

<PAGE>

of them harmless from any and all Damages, incurred or suffered by Ford or any
of its Affiliates arising out of (A) any misrepresentation or breach of any
warranty (disregarding all qualifications and exceptions contained therein
relating to materiality or material adverse effect) (each such misrepresentation
and breach of warranty a "WARRANTY BREACH") by Visteon or its Affiliates in this
Agreement or any other Visteon "A" Transaction Documents or (B) any breach of
covenant or agreement made or to be performed by Visteon or its Affiliates
pursuant to this Agreement or any other Visteon "A" Transaction Documents;
provided that with respect to indemnification by Visteon for Warranty Breaches
(other than in cases of Sections 3.01, .02, .06 and .09 and other than in cases
of fraud or willful misrepresentation) pursuant to this Section .02(a), (i)
Visteon shall not be liable unless the aggregate amount of Damages with respect
to such Warranty Breaches (together with all amounts paid or payable by Visteon
with respect to Warranty Breaches under Section 8.02 of the Contribution
Agreement and Section 7.02 of the Visteon "B" Purchase Agreement) exceeds $3
million (in which case Visteon shall only be liable to the extent of such
excess) and (ii) Visteon's maximum liability (together with all amounts paid or
payable by Visteon with respect to Warranty Breaches under Section 8.02 of the
Contribution Agreement and Section 7.02 of the Visteon "B" Purchase Agreement)
shall not exceed $30 million in the aggregate.

     (b) Effective at and after the Closing, Ford hereby indemnifies Visteon and
its Affiliates against and agrees to hold each of them harmless from any and all
Damages incurred or suffered by Visteon or any of its Affiliates arising out of
(A) any Warranty Breach by Ford or its Affiliates of this Agreement or any other
Visteon "A" Transaction Documents or (B) breach of covenant or agreement made or
to be performed by Ford or its Affiliates pursuant to this Agreement or any
other Visteon "A" Transaction Documents; provided that with respect to
indemnification by Ford for Warranty Breaches (other than in cases of Sections
4.01, .02, 4.05 and .07 and other than in cases of fraud or willful
misrepresentation) pursuant to this Section .02(b), (i) Ford shall not be liable
unless the aggregate amount of Damages with respect to such Warranty Breaches
(together with all amounts paid or payable by Ford with respect to Warranty
Breaches under Section 7.02 of the Visteon "B" Purchase Agreement) exceeds $3
million (in which case Ford shall only be liable to the extent of such excess)
and (ii) Ford's maximum liability (together with all amounts paid or payable by
Ford with respect to Warranty Breaches under Section 7.02 of the Visteon "B"
Purchase Agreement) shall not exceed $30 million in the aggregate.

     Section .03. Indemnification Procedures and other Provisions relating to
Indemnification Claims. The procedures set forth in Section 8.03 of the
Contribution Agreement, and the provisions set forth in Sections 8.04, 8.05,
8.06 and 8.07 of the Contribution Agreement shall apply, mutatis mutandis, with
respect to any claim for indemnification under this Agreement.

                                       18

<PAGE>

     Section .04. No Double Recovery. Notwithstanding anything herein to the
contrary, no indemnified party shall be entitled to indemnification under any
provision of this Agreement for any amount to the extent such indemnified party
or its Affiliate has been indemnified for such amount pursuant to this
Agreement, the other Visteon "A" Transaction Documents, the Visteon "B" Purchase
Agreement, the other Visteon "B" Transaction Documents (as defined in the
Visteon "B" Purchase Agreement), the Contribution Agreement, the other
Contribution Agreement Transaction Documents, the Confidentiality Agreement or
any other agreement, contract or instrument executed in connection herewith or
therewith.

                                   TERMINATION

     Section .01. Grounds for Termination. (a) This Agreement may be terminated
at any time prior to the Closing:

          (i) by mutual written agreement of Visteon and Ford;

          (ii) by either Ford or Visteon, if any applicable law or regulation
     makes consummation of the transactions contemplated hereby illegal or
     otherwise prohibited or if consummation of the transactions contemplated
     hereby would violate any nonappealable final order, decree or judgment of
     any Governmental Authority having competent jurisdiction;

          (iii) by Visteon if Ford shall have breached or failed to perform in
     any material respect any of its representations, warranties or covenants
     contained in this Agreement, which breach or failure to perform (A) is
     incapable of being cured by Ford prior to the Outside Date or is not cured
     by the earlier of (x) 30 Business Days following written notice to Ford by
     Visteon of such breach and (y) the Outside Date and (B) if not cured would
     result in a failure of any condition set forth in Section .03(a); or

          (iv) by Ford if (A) Visteon shall have breached or failed to perform
     in any material respect any of its representations, warranties or covenants
     contained in this Agreement, which breach or failure to perform (1) is
     incapable of being cured by Visteon prior to the Outside Date or is not
     cured by the earlier of (x) 30 Business Days following written notice to
     Visteon by Ford of such breach and (y) the Outside Date and (2) if not
     cured would result in a failure of any condition set forth in Section
     .02(a), or (B) Visteon shall have breached or failed to perform in any
     material respect any of its covenants contained in Sections 6.1 (but only,
     in the case of clause (c) thereof, to the extent such breach or failure to
     perform is of

                                       19

<PAGE>

     its performance obligations under the existing agreements referred to in
     such clause), 6.2 and 6.5 of the Funding Agreement between Ford and Visteon
     dated as of March 10, 2005, as amended and, other than in the case of such
     breach of Section 6.1(a) thereof (if such breach relates to the quantity or
     timing of the supply of components), such breach is not cured within 15
     days after written notice thereof has been given by Ford to Visteon.

     The party desiring to terminate this Agreement pursuant to clauses (ii),
(iii) or (iv) shall give notice of such termination to the other party.

     (b) This Agreement shall automatically terminate and be of no further force
and effect upon (A) termination of the Contribution Agreement in accordance with
its terms if such termination is in compliance with Section 5.08 of the Visteon
"B" Purchase Agreement or (B) termination of the Visteon "B" Purchase Agreement
in accordance with its terms.

     Section .02. Effect of Termination. If this Agreement is terminated as
permitted by Section .01, such termination shall be without liability of either
party (or any stockholder, director, officer, employee, agent, consultant or
representative of such party) to the other party to this Agreement; provided
that if such termination shall result from the (i) willful failure of either
party to fulfill a condition to the performance of the obligations of the other
party, (ii) failure to perform a covenant of this Agreement or (iii) breach by
either party hereto of any representation or warranty or agreement contained
herein, such party shall be fully liable for any and all Damages incurred or
suffered by the other party as a result of such failure or breach. The
provisions of this Section .02, Section .03, and 0 shall survive any termination
hereof pursuant to Section .01.

                                  MISCELLANEOUS

     Section .01. Notices. All notices, requests and other communications to any
party hereunder shall be in writing (including facsimile transmission and e-mail
transmission, so long as a receipt of such e-mail is requested and received) and
shall be given,

                                       20

<PAGE>

     if to Ford, to:

          Ford Motor Company
          Office of the Secretary
          One American Road
          11th Floor World Headquarters
          Dearborn, Michigan 48126
          Attention: Peter J. Sherry, Jr.
          Facsimile No.: (313) 248-8713
          E-mail: psherry@ford.com

     with a copy to:

          Ford Motor Company
          Office of the General Counsel
          One American Road
          320 World Headquarters
          Dearborn, Michigan 48126
          Attention: Marcia J. Nunn
          Facsimile No.: (313) 337-3209
          E-mail: mnunn@ford.com

     and to:

          Davis Polk & Wardwell
          450 Lexington Avenue
          New York, New York 10017
          Attention: Paul R. Kingsley
          Facsimile No.: (212) 450-3800
          E-mail: paul.kingsley@dpw.com

     if to Visteon, to:

          Visteon Corporation
          One Village Center Drive
          Van Buren Township, Michigan 48111
          Attention: John Donofrio, General Counsel
          Facsimile No.: (734) 710-7132
          E-mail: jdonofri@visteon.com

                                       21

<PAGE>

     with a copy to:

          Weil, Gotshal & Manges LLP
          767 Fifth Avenue
          New York, NY 10153
          Attention: Michael E. Lubowitz, Esq.
          Facsimile No.: (212) 310-8007
          E-mail: michael.lubowitz@weil.com

or such other address, facsimile number or e-mail address as such party may
hereafter specify for the purpose by notice to the other parties hereto. All
such notices, requests and other communications shall be deemed received on the
date of receipt by the recipient thereof if received prior to 5:00 p.m. in the
place of receipt and such day is a Business Day in the place of receipt.
Otherwise, any such notice, request or communication shall be deemed not to have
been received until the next succeeding Business Day in the place of receipt.

     Section .02. Amendments and Waivers. (a) Any provision of this Agreement
may be amended or waived if, but only if, such amendment or waiver is in writing
and is signed, in the case of an amendment, by each party to this Agreement, or
in the case of a waiver, by the party against whom the waiver is to be
effective.

     (b) No failure or delay by any party in exercising any right, power or
privilege hereunder shall operate as a waiver thereof nor shall any single or
partial exercise thereof preclude any other or further exercise thereof or the
exercise of any other right, power or privilege.

     Section .03. Expenses. Except as otherwise provided herein, all costs and
expenses incurred in connection with this Agreement shall be paid by the party
incurring such cost or expense.

     Section .04. Successors and Assigns. The provisions of this Agreement shall
be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns; provided that neither party may
assign, delegate or otherwise transfer any of its rights or obligations under
this Agreement without the consent of each other party hereto. Ford may,
however, without the consent of Visteon, but with notice to Visteon, assign all
or a part of its right to acquire at Closing all or a portion of the Warrant to
any of its Affiliates; provided that such assignment shall not relieve Ford of
its obligations hereunder.

     Section .05. Governing Law. This Agreement shall be governed by and
construed in accordance with the law of the State of Michigan, without regard to
the conflicts of law rules of such state.

                                       22

<PAGE>

     Section .06. Dispute Resolution. If a dispute arises between the parties
relating to this Agreement, the following shall be the sole and exclusive
procedure for enforcing the terms hereof and for seeking relief, including
damages, injunctive relief and specific performance:

          (i) The parties promptly shall hold a meeting of senior executives
     with decision-making authority to attempt in good faith to negotiate a
     mutually satisfactory resolution of the dispute; provided that no party
     shall be under any obligation whatsoever to reach, accept or agree to any
     such resolution; provided further that no such meeting shall be deemed to
     vitiate or reduce the obligations and liabilities of the parties or be
     deemed a waiver by a party hereto of any remedies to which such party would
     otherwise be entitled.

          (ii) If the parties are unable to negotiate a mutually satisfactory
     resolution as provided above, then upon request by either party, the matter
     shall be submitted to binding arbitration before a sole arbitrator in
     accordance with the CPR Rules, including discovery rules, for
     Non-Administered Arbitration. Within five Business Days after the selection
     of the arbitrator, each party shall submit its requested relief to the
     other party and to the arbitrator with a view toward settling the matter
     prior to commencement of discovery. If no settlement is reached, then
     discovery shall proceed. Upon the conclusion of discovery, each party shall
     again submit to the arbitrator its requested relief (which may be modified
     from the initial submission) and the arbitrator shall select only the
     entire requested relief submitted by one party or the other, as the
     arbitrator deems most appropriate. The arbitrator shall not select one
     party's requested relief as to certain claims or counterclaims and the
     other party's requested relief as to other claims or counterclaims. Rather,
     the arbitrator must only select one or the other party's entire requested
     relief on all of the asserted claims and counterclaims, and the arbitrator
     shall enter a final ruling that adopts in whole such requested relief. The
     arbitrator shall limit his/her final ruling to selecting the entire
     requested relief he/she considers the most appropriate from the requests
     submitted by the parties.

          (iii) Arbitration shall take place in the City of Dearborn, Michigan
     unless the parties agree otherwise or the arbitrator selected by the
     parties orders otherwise. Punitive or exemplary damages shall not be
     awarded. This Section .06 is subject to the Federal Arbitration Act, 28
     U.S.C.A. Section 1, et seq., and judgment upon the award rendered by the
     arbitrator may be entered by any court having jurisdiction.

     Section .07. Jurisdiction. Subject to Section .06, the parties hereto agree
that any suit, action or proceeding seeking to enforce any provision of, or
based on any matter arising out of or in connection with, this Agreement or the

                                       23

<PAGE>

transactions contemplated hereby shall be brought in any federal court sitting
in Michigan or any Michigan State court sitting in Wayne County or Oakland
County, Michigan, so long as one of such courts shall have subject matter
jurisdiction over such suit, action or proceeding, and that any cause of action
arising out of this Agreement shall be deemed to have arisen from a transaction
of business in the State of Michigan. Each of the parties hereby irrevocably
consents to the jurisdiction of such courts (and of the appropriate appellate
courts therefrom) in any such suit, action or proceeding and irrevocably waives,
to the fullest extent permitted by law, any objection that it may now or
hereafter have to the laying of the venue of any such suit, action or proceeding
in any such court or any objection that any such suit, action or proceeding
brought in any such court has been brought in an inconvenient forum. Process in
any such suit, action or proceeding may be served on any party anywhere in the
world, whether within or without the jurisdiction of any such court.

     Section .08. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.

     Section .09. Counterparts; Effectiveness; Third Party Beneficiaries. This
Agreement may be signed in counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same
instrument. This Agreement shall become effective when each party hereto shall
have received a counterpart hereof signed by the other party hereto. Until and
unless each party has received a counterpart hereof signed by the other party
hereto, this Agreement shall have no effect and no party shall have any right or
obligation hereunder (whether by virtue of any other oral or written agreement
or other communication). No provision of this Agreement is intended to confer
any rights, benefits, remedies, obligations, or liabilities hereunder upon any
Person other than the parties hereto and their respective successors and
permitted assigns under Section .04.

     Section .10. Entire Agreement. This Agreement and the other agreements
referred to in Section 8 of the Master Agreement constitute the entire agreement
between the parties with respect to the subject matter of such agreements and
supersede all prior agreements and understandings, both oral and written,
between the parties with respect to the subject matter of such agreements.

     Section .11. Severability. If any term, provision, covenant or restriction
of this Agreement is held by a court of competent jurisdiction or other
authority to be invalid, void or unenforceable, the remainder of the terms,
provisions, covenants and restrictions of this Agreement shall remain in full
force and effect and shall in no way be affected, impaired or invalidated so
long as the economic

                                       24

<PAGE>

or legal substance of the transactions contemplated hereby is not affected in
any manner materially adverse to any party. Upon such a determination, the
parties shall negotiate in good faith to modify this Agreement so as to effect
the original intent of the parties as closely as possible in an acceptable
manner in order that the transactions contemplated hereby be consummated as
originally contemplated to the fullest extent possible.

     Section .12. Specific Performance. The parties hereto agree that
irreparable damage would occur if any provision of this Agreement were not
performed in accordance with the terms hereof and that the parties shall be
entitled to an injunction or injunctions to prevent breaches of this Agreement
or to enforce specifically the performance of the terms and provisions hereof in
the courts specified in Section .07.

                                       25

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their respective authorized officers as of the day and year
first above written.

                                        FORD MOTOR COMPANY

                                        By: /s/ Donat R. Leclair
                                            ------------------------------------
                                        Name:  Donat R. Leclair
                                        Title: Executive Vice President and
                                               Chief Financial Officer

                                        VISTEON CORPORATION

                                        By: /s/ James F. Palmer
                                            ------------------------------------
                                        Name:  James F. Palmer
                                        Title: Executive Vice President and
                                               Chief Financial Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]