SOURCE: Delphi Corporation
October 01, 2008 13:00 ET
Delphi Technologies Displayed on New Models at Paris Motor Show
Technologies Address Global Concerns of Customer Safety, Environmental Responsibility and Personal Connectivity
PARIS--(Marketwire - October 1, 2008) - As one of the world's leading suppliers of advanced
automotive systems, Delphi Corp. (PINKSHEETS: DPHIQ) is well-positioned to
help vehicle manufacturers turn their visions into realities. Those visions
include vehicles that lead their classes in safety, are environmentally
responsible, and are linked into personal and business networks.
From the latest electronics and safety systems to intelligent
electrical/electronic architecture and from environmentally friendly
powertrain technologies to advanced thermal systems, Delphi's portfolio of
high-technology solutions covers almost every area of advanced vehicle
engineering.
"Delphi is committed to providing innovative technologies to consumers and
offering our customers a competitive advantage," said Ron Pirtle, President
Delphi Europe, Middle-East and Africa. "We anticipate significant growth in
three major marketing trends -- which we've labeled Safe, Green and
Connected -- in every corner of the world. Generally speaking, all of the
automobile markets are showing increasing interest in improved vehicle
safety, environmentally friendly products, and technologies that keep
drivers and occupants connected to their lives."
Innovative technologies included on new models shown at the Paris Motor
Show include:
-- A new highly-durable automotive cable with significantly lighter and
thinner insulation than traditional cable, Delphi's halogen-free ultra-thin-
wall cable, will make its debut in Europe beginning in 2009. Halogen-Free
Cable, a recyclable and environmentally friendly product, is free of
dangerous halogens and offers excellent pinch resistance, nearly double
that of traditional cable, and outstanding abrasion resistance. The use of
this advanced cable also leads to cable size and weight reduction which, in
turn, results in lower fuel consumption and reduced CO2 emissions produced
by the vehicle.
-- The Multec Common Rail (CR) Diesel Fuel Injection System from Delphi
is widely used throughout the industry. It is a high-value, cost-
competitive servo-hydraulic system that is not only high performance but
simple and robust. In addition, Delphi's Multec CR injection is easily
packaged, and utilizes less space than competing systems. Many of the
world's top automakers have chosen this Delphi system and it is featured on
the new Dacia Logan, Dacia Sandero, Renault Kangoo, and Renault Megane III.
-- Delphi's patented Fuba ScanDiv™ IC - featured on the new Porsche
911, defines the next level of antenna diversity technology. Incorporating
more than 20 years of experience developing high-performing multi-antenna
systems, Delphi's ScanDiv IC provides maximum system flexibility and value.
Its designed-in flexibility enables optimal RDS (Radio Data System) and TMC
(Traffic Message Channel) functionality.
-- The Delphi Fuba™ TV Reception System - featured on the new BMW
Series 7 and Porsche 911, uses multiple in-glass or composite body
structure antennas, integrated amplifiers and ScanDiv™ scanning
diversity technology to provide worldwide color TV reception in vehicles.
Patented ScanDiv technology automatically selects the best audio and video
signal from the four antennas to provide passengers in-home TV quality.
-- Delphi provides climate control systems that result in enhanced
vehicle performance, durability, comfort, and efficiency, while delivering
the most cost-effective solution. Delphi -- which has supplied the climate
control systems for all Ferrari models dating back to 1993 -- is supplying
the new Ferrari California with the complete air conditioning system. New
models shown in Paris featuring Delphi's heating, ventilation and air
conditioning (HVAC) system also include the Opel Insignia and Renault
Laguna Coupé.
-- With its increased fuel-efficiency and precise, predictable steering
with less driver effort, the electric power steering (EPS) is one of the
most appreciated consumer features. Drivers benefit from Delphi's EPS
system through its improved on-center feel and active return-to-center,
which requires less driver effort. The active damping is designed to make
steering feel more precise and predictable. Other benefits include reduced
workload and less over-steer, along with increased vehicle stability and
safety. Delphi's EPS is featured on the new Alfa Romeo Mito, Fiat 500
Abarth and Ford Ka.
New vehicles featuring Delphi technology include:
Alfa Romeo Mito Electric power steering (EPS), steering column
switch, body computer module, 1.4 turbo engine
injection harness, immobilizer, RF remote control
key
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Audi A6 restyled Satellite digital audio reception system (SDARS)
tuner
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Audi Q5 restyled Ultrasonic with inclination sensor, satellite
digital audio reception system (SDARS), alarm
system
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BMW 3-Series restyled Seat switches, window lifter switch, steering
wheel switches and paddles, reception system
backlite antennas (AM-FM-DIV-TV-DAB)
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BMW 7-Series restyled Reception systems, TV hybrid receiver, switches,
roof module
--------------------- -------------------------------------------------
Citroën C3 Picasso Column integrated module (COM2005 EV2), radio
switch,cruise control, seat heating switch
--------------------- -------------------------------------------------
Dacia Logan restyled Diesel common rail systems (diesel engine K9K
HP/BP), fuse box, various connectors
--------------------- -------------------------------------------------
Dacia Sandero restyled Diesel common rail system, fuse box
--------------------- -------------------------------------------------
Ferrari California Electrical/electronic system components including
wiring harnesses featuring halogen-free ultra-
thin-wall cable, complete air conditioning system
(including dual-zone heating, ventilation and air
conditioning (HVAC), condenser with integrated
receiver drier, last generation of compact
variable compressor with specific features to
meet the high engine speed and acceleration,
control head and software and additional system
components), MagneRide controlled suspension
technology.
--------------------- -------------------------------------------------
Fiat 500 Abarth Electric power steering, E/E distribution system,
body computer module (BCM, Housing, headers and
Fuseblock), RF Key PCB (remote control), USB
Port, 38-pole connector to control the Antilock-
brake-system, immobilizer coil
--------------------- -------------------------------------------------
Ford Fiesta Ultrasonic alarm system, sounder, door connectors
--------------------- -------------------------------------------------
Ford Ka Electric power steering, wiring harness,
connectors, radio, body computer module
--------------------- -------------------------------------------------
Ford Kuga Cruise control switch
--------------------- -------------------------------------------------
Lancia Delta USB Consumer Port
--------------------- -------------------------------------------------
Mercedes GLK Electrical/electronic distribution systems,
reception systems, security sensor, passenger
occupant detection system (PODS), DAB receiver,
Satellite audio digital reception system for US
models (SDARS)
--------------------- -------------------------------------------------
Opel Insignia Hydraulic steering gears, Magna Steer™, hoses
& reservoirs, heating, ventilation and air
conditioning (HVAC), fixed compressor, all
electrical/electronic distribution systems
(except ECM harness), content theft (ultrasonic
inclination sensor and sounder)
--------------------- -------------------------------------------------
Peugeot 308 CC Body control module, electronic key fob,
transponder antenna, alarm system, capacitive
door handle, neck heating, convertible roof
control unit
--------------------- -------------------------------------------------
Porsche 911 restyled ScanDiv™ antenna system, TV hybrid receiver
--------------------- -------------------------------------------------
Renault Kangoo Compact Stalk switches, diesel common rail
--------------------- -------------------------------------------------
Renault Laguna Coupé Headlamp leveling module and dimmer, trunk
switch, connectors 6-way header, heating,
ventilation and air conditioning (HVAC)
--------------------- -------------------------------------------------
Renault Megane III Diesel common rail systems, cam phaser on K4M+
(1,6l 16V), trunk switch, headlamp leveling
module, dimmer, hazard/door lock, connectors
6-way header
--------------------- -------------------------------------------------
Seat Ibiza Head airbag, radiator, compressor (for selected
engines), transponder, ultrasonic (as an option)
--------------------- -------------------------------------------------
Skoda Superb restyled Ultrasonic with Inclination Sensor
--------------------- -------------------------------------------------
Volkswagen Golf VI Radio generation III on certain models, satellite
digital audio reception system (SDARS),
immobilizer system, passenger occupant detection
system (PODS) on US models, charge air cooler
(depending on engine type, featured in common rail
diesel engines), compressor (depending on engine
type, featured in common rail diesel engines)
--------------------- -------------------------------------------------
Volkswagen Scirocco Ultrasonic alarm, audio amplifier and receiver,
radio generation III (on certain models),
immobilizer system, alarm system, radio,
ultrasonic with inclination sensor
--------------------- -------------------------------------------------
Volvo XC60 Multiple Integrated Antenna System (consisting of
a scanning AM/FM diversity that alternates with
DAB and roof mounted shark fin antenna
GSM/GPS/SDARS).
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For more information about Delphi Corp., visit www.delphi.com
FORWARD LOOKING STATEMENTS
This press release as well as other statements made by Delphi may contain
forward-looking statements that reflect, when made, the Company's current
views with respect to current events and financial performance. Such
forward-looking statements are and will be, as the case may be, subject to
many risks, uncertainties and factors relating to the Company's operations
and business environment which may cause the actual results of the Company
to be materially different from any future results, express or implied, by
such forward-looking statements. In some cases, you can identify these
statements by forward-looking words such as "may," "might," "will,"
"should," "expects," "plans," "anticipates," "believes," "estimates,"
"predicts," "potential" or "continue," the negative of these terms and
other comparable terminology. Factors that could cause actual results to
differ materially from these forward-looking statements include, but are
not limited to, the following: the ability of the Company to continue as a
going concern; the ability of the Company to operate pursuant to the terms
of the debtor-in-possession financing facility and its advance agreement
with GM, to obtain an extension of term or other amendments as necessary to
maintain access to such facility and advance agreement; the Company's
ability to obtain Court approval with respect to motions in the chapter 11
cases prosecuted by it from time to time; the ability of the Company to
achieve all of the conditions to the effectiveness and/or final
consummation of the Amended and Restated Global Settlement Agreement and
Amended and Restated Master Restructuring Agreement with General Motors;
the ability of the Company to consummate its amended plan of reorganization
which was confirmed by the Court on January 25, 2008, any subsequent
modifications to the confirmed plan or any other subsequently confirmed
plan of reorganization; risks associated with third parties seeking and
obtaining Court approval to terminate or shorten the exclusivity period for
the Company to propose and confirm one or more plans of reorganization, for
the appointment of a chapter 11 trustee or to convert the cases to chapter
7 cases; the ability of the Company to obtain and maintain normal terms
with vendors and service providers; the Company's ability to maintain
contracts that are critical to its operations; the potential adverse impact
of the chapter 11 cases on the Company's liquidity or results of
operations; the ability of the Company to fund and execute its business
plan (including the transformation plan described in Item 1. Business "Plan
of Reorganization and Transformation Plan" of the Annual Report on Form
10-K for the year ended December 31, 2007 filed with the SEC) and to do so
in a timely manner; the ability of the Company to attract, motivate and/or
retain key executives and associates; the ability of the Company to avoid
or continue to operate during a strike, or partial work stoppage or slow
down by any of its unionized employees or those of its principal customers
and the ability of the Company to attract and retain customers. Additional
factors that could affect future results are identified in the Annual
Report on Form
10-K for the year ended December 31, 2007 filed with the SEC, including the
risk factors in Part I. Item 1A. Risk Factors, contained therein, and the
Company's quarterly periodic reports for the subsequent periods, including
the risk factors in Part II. Item 1A. Risk Factors, contained therein,
filed with the SEC. Delphi disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events and/or otherwise. Similarly, these and other
factors, including the terms of any reorganization plan ultimately
confirmed, can affect the value of the Company's various prepetition
liabilities, common stock and/or other equity securities.