SOURCE: Delphi Corporation

January 08, 2008 08:00 ET

Delphi Extends Navigation to Broader Market

Delphi's Entry Level Navigation Gives OEMs More Choices to Offer Integrated Navigation Systems in More Vehicles

LAS VEGAS, NV--(Marketwire - January 8, 2008) - Delphi's (PINKSHEETS: DPHIQ) newest navigation system uses a flash-based, secure digital (SD) card map database to provide high performance at low cost. One of the first tier-one suppliers to offer navigation systems to vehicle manufacturers in the mid and value segments of the market, Delphi is showcasing its navigation systems in show vehicles at the 2008 International Consumer Electronics Show, Jan. 7-10 at the Las Vegas Convention Center (Exhibit 5206).

"Delphi's navigation portfolio spans from ultra-high-end vehicle applications to personal navigation devices," said Rich Betz, Delphi Electronics & Safety managing director entertainment & communications. "In excess of 33 million portable navigation systems will be sold in 2008 which will translate into a tremendous demand for an array of vehicle OEM solutions."

Delphi is positioning its navigation portfolio to provide a variety of alternative solutions that will allow the company to provide OEMs with a global assortment of navigation options that respond to diverse market demand, according to Betz.

Delphi's entry level system provides the benefits of an integrated system designed to complement specific vehicle interiors but also offers a flexible, scalable architecture that allows vehicle manufacturers to address the desire of consumers to have a navigation radio system in their vehicle regardless of the vehicle category.

Providing excellent value, the system features full-color, 2.5-D dynamic map navigation with map overlays for lane guidance and turns. The system offers voice-guided directions and is available in single or double din designs with a 4.3 to 6.5-inch display. Its solid state secure digital card map database provides seamless routing and enables incremental map updates. The SD card input can also be used for other media (music, pod cast, etc.).

Delphi's Entry Level Navigation Radio integrates map navigation and audio into one unit and allows the navigation system to be used in parallel to the audio system. The unit can include CD-ROM, an MP3 decoder and an auxiliary audio input.

Delphi continues to help move navigation systems ahead in the market by offering a complete line of products that make navigation accessible to more vehicle buyers worldwide.

In the last decade alone, Delphi has pioneered or led the introduction of multi-speaker, multi-amp premium audio, CD playbacks, DVD rear seat video, MP3 playbacks, advanced TV reception systems and satellite radio into the market.

Delphi supplies both OEM and retail hardware for both domestic satellite radio providers. Since beginning radio production in 1936, Delphi has introduced an array of new technologies and manufactured more than 283 million radio systems, including 18 million satellite radio units.

For more information about Delphi (PINKSHEETS: DPHIQ), 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 to obtain an extension of term or other amendments as necessary to maintain access to such facility; the terms of any reorganization plan ultimately confirmed; 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 prosecute, confirm and consummate one or more plans of reorganization with respect to the chapter 11 cases; the Company's ability to satisfy the terms and conditions of the EPCA; 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 its filings with the SEC and the Bankruptcy Court. 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 Company's Annual Report on Form 10-K for the year ended December 31, 2006, 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. Additionally, no assurance can be given as to what values, if any, will be ascribed in the bankruptcy cases to each of these constituencies. A plan of reorganization could result in holders of Delphi's common stock receiving no distribution on account of their interest and cancellation of their interests. In addition, under certain conditions specified in the Bankruptcy Code, a plan of reorganization may be confirmed notwithstanding its rejection by an impaired class of creditors or equity holders and notwithstanding the fact that equity holders do not receive or retain property on account of their equity interests under the plan. In light of the foregoing, the Company considers the value of the common stock to be highly speculative and cautions equity holders that the stock may ultimately be determined to have little or no value. Accordingly, the Company urges that appropriate caution be exercised with respect to existing and future investments in Delphi's common stock or other equity interests or any claims relating to prepetition liabilities.

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