SOURCE: Delphi Corporation

January 08, 2007 09:11 ET

Delphi Black Tie Navigation/Entertainment Takes Center Stage on Several New Models

LAS VEGAS, NV -- (MARKET WIRE) -- January 8, 2007 -- In the front and center of the instrument panel in a host of GM's new models is a Delphi Corporation's (PINKSHEETS: DPHIQ) premium Black Tie integrated navigation and entertainment system. As the cockpit centerpiece, the Delphi system combines premium audio entertainment with vehicle navigation to provide superior audio sound and route guidance.

Delphi's premium navigation system is featured as an option on the Buick Enclave and Lucerne, Saturn Outlook and Vue, GMC Acadia, Chevy Equinox and Pontiac Torrent.

Delphi's navigation and entertainment system complements the superior craftsmanship of these vehicle's interiors. Offering the passengers the ultimate in personalized entertainment, Delphi's system is uniquely capable of playing DVDs for front seat viewing when the car is parked as an option in some models.

Delphi's touch screen navigation radio provides an easy-to-use system featuring DVD-based map navigation and AM/FM/CD satellite digital audio compatible radio with optional DVD. The system includes an on-board computer that interacts with the Global Positioning System, vehicle sensors and the map data base, to provide road information and help guide travelers to their destinations.

"Because it delivers both exceptional functionality and innovative features, the Black Tie navigation and entertainment system has been an immediate hit with consumers," said Ken Erickson, Delphi Entertainment & Communications product business unit general director. "The Delphi navigation radio system adds a very powerful tool to help contribute to the success of a vehicle by delivering convenience and enjoyment to owners in an attractive package."

The large color navigation display is easy to read and voice prompts help keep a driver's eyes on the road. The touch-screen menu system makes the navigation system easy to operate. The Delphi navigation system features map views, intersection view, an address book and points of interest, all on one DVD. The unit remaps directions automatically should the driver miss a turn.

For 70 years Delphi has provided wireless entertainment for mobile applications, and has engineered navigation systems for more than 12 years.

For more information about Delphi and its subsidiaries, visit Delphi's media room at


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. 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 facility; 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 with its Plan Investors; the company's ability to satisfy the terms and conditions of the Plan Framework Support Agreement with GM and its Plan Investors (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); 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 "Potential Divestitures, Consolidations and Wind-Downs" of the Annual Report on Form 10-K for the year ended December 31, 2005 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; and the ability of the company to attract and retain customers. Other risk factors are listed from time to time in the company's United States Securities and Exchange Commission reports, including, but not limited to the Annual Report on Form 10-K for the year ended December 31, 2005. 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 proceedings 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 interests and cancellation of their interests. 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 and as stated in its October 8, 2005, press release announcing the filing of its Chapter 11 reorganization cases, 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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    Milton Beach
    Delphi Corporation
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