Visteon's Rear Entertainment System to be Residualized At Ford and Lincoln
2 August 1999
Visteon's Rear Seat Entertainment System to be Residualized At Ford and Lincoln Mercury Dealers Popular Mobile Entertainment Center Made More Affordable
DEARBORN, Mich., July 30 -- Keeping kids entertained in a
vehicle just became even more affordable. For the cost of about a monthly
cable bill, parents and kids can now enjoy one of the most popular mobile
entertainment systems.
Effective immediately, the Visteon Rear Seat Entertainment System will be
residualized on Ford Credit's Red Carpet Leases for new Ford Windstars and
Mercury Villagers. Residualization means that the overall cost of the system
is spread out over the terms of the lease so parents pay only for the length
of time they own the vehicle making this an affordable option.
"This is big news for parents who want to keep their kids entertained in a
fun and affordable way," said David Peace, vice president of Visteon Global
Aftermarket Operations. "The system is designed to help kids battle back seat
boredom allowing them to play video games and watch their favorite movies.
Best of all, Rear Seat Entertainment provides peace of mind for the parents
who can better concentrate on the road ahead."
In addition to the Rear Seat Entertainment System, Ford announced that it
would exclusively residualize other Visteon multimedia products including
audio systems and the company's soon-to-be-introduced CD6 Music System. The
new premium audio system upgrade combines a 6-disc CD changer, AM/FM stereo
receiver and 4x20 watt amplifier all in one unit that fits into a vehicle's
dash. The new audio system answers consumers' wants for multiple CDs while
eliminating the hassles and limitations of space-consuming magazine-style
multiple disc changers installed in the console or trunk.
Guaranteed to provide miles of smiles during long or short summer trips,
the Visteon Rear Seat Entertainment System is available through new cars
dealerships nationwide. The unique mobile entertainment system can fit into
all new minivans and sells for a suggested retail price of $1,499 which
includes installation and a Nintendo(R) 64 game system.
The Visteon Rear Seat Entertainment System is the only entertainment unit
of its kind that comes with a Nintendo game system. The system is loaded with
the highest quality features consumers have been asking for, including:
-- High-quality resolution 6.4" LCD automotive grade screen offering
clarity in all types of lighting conditions, and durability through
rough in-vehicle environmental conditions.
-- VHS videocassette player.
-- Superior design with a hidden, flip-up screen for theft deterrence and
a smoother interior appearance.
-- Floor-mounted console, with storage and cup holders, creates the look
and feel of an original equipment accessory.
On new minivans, the Rear Seat Entertainment System can be installed by a
dealer the same day and comes with the same-as-vehicle warranty. The system
can also be retrofitted on minivans built in 1994 through present. The
warranty for retrofitted units is one year from the time of installation.
Visteon will introduce an overhead-mounted Rear Seat Entertainment System
for Sport Utility Vehicles later this summer. This system will be
residualized on Ford SUVs including the Explorer, Expedition, Mountaineer and
Navigator.
For more information on the Visteon Rear Seat Entertainment System,
customers should call 1-800-VISTEON.
Nintendo Co. Ltd. of Kyoto, Japan is the acknowledged worldwide leader in
the creation of interactive entertainment. Nintendo has sold more than one
billion video games worldwide and has created such industry icons as Mario,
Yoshi, Zelda and Donkey Kong. As a wholly owned subsidiary, Nintendo of
America Inc., based in Redmond, Wash., serves as headquarters for Nintendo's
operations in North America, where more than 40 percent of American households
own a Nintendo game system.
With a global delivery system of more than 125 technical, manufacturing,
sales and service facilities located in 21 countries, Visteon Automotive
Systems is leveraging the talents of its 77,000 employees to deliver
innovative, consumer-driven systems solutions to its customers.
