SOURCE: Delphi Corporation

October 29, 2007 08:00 ET

Delphi's Commitment to Commercial Vehicle Markets Helps Land Kalmar Wiring Business

The Deal Demonstrates Delphi's Focus on Growing Commercial and Specialty Vehicle Markets

WARREN, OH--(Marketwire - October 29, 2007) - Providing outstanding service to commercial vehicle customers helped Delphi Corporation (PINKSHEETS: DPHIQ) win a contract to supply wiring to Kalmar. Kalmar manufactures equipment for the container, industrial and trailer handling industries. This award demonstrates Delphi's commitment to niche business.

"In the current marketplace, competition for high-volume vehicle wiring is intense, and OEMs often limit the business they will do with any one supplier," said Paul Falete, Delphi Packard Electrical/Electronic Distribution Systems' customer business unit director for commercial and specialty vehicles.

"In the commercial vehicle market," Falete continued, "OEMs seek out supplier partners who can provide technology solutions for future vehicles while maintaining customized delivery systems and world-class quality. Delphi provides all of these to our commercial vehicle customers."

All of the support groups within Delphi Electrical/Electronic Architecture pulled together to meet an incredibly short, four-month lead between the time business was awarded and production began, Falete observed. Automotive programs ordinarily take up to two years.

The Kalmar program required new components, new crimp tools and new assembly boards and each of Delphi's support groups successfully met the challenge of producing these items in much shorter times than what is normally required. In the instances where new tools could not be made before production began, teams successfully identified alternate means to support the program.

Delphi was awarded business to supply five primary wiring assemblies and 23 heavy-gauge battery cable assemblies for Kalmar's terminal tractors. Although Delphi has supplied connection systems for Kalmar's terminal tractors since 2000 this is the first time Delphi has supplied wiring harnesses to the commercial vehicle manufacturer.

Delphi Electrical/Electronic Architecture delivers power and signal distribution networks for today's increasingly complex vehicles. Delphi engineers act as master architects by using proprietary design tools and software to create a virtual model of a vehicle's E/E architecture -- down to the last connector, electrical center, electronic module and wiring harness. In doing so, they evaluate the impact of various trade-offs to deliver a fully optimized E/E architecture system backed by Delphi technical centers and manufacturing facilities in 31 countries around the globe.

For more information about Delphi Corp. (PINKSHEETS: DPHIQ), visit www.delphi.com

FORWARD LOOKING STATEMENT

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; 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 develop, 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 Equity Purchase and Commitment Agreement (including the Company's ability to achieve consensual agreements with GM and its U.S. labor unions on a timely basis that are acceptable to the Plan Investors in their sole discretion); the Company's ability to satisfy the terms and conditions of the Plan Framework Support Agreement; 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 Note 2, Transformation Plan and Chapter 11 Bankruptcy, of our Annual Report on Form 10-K for the year ended December 31, 2006) 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 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, 2006, including the risk factors in Part I, Item 1A. Risk Factors, contained therein. 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 pre-petition 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 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 pre-petition liabilities.

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