SOURCE: Delphi Corporation

April 05, 2007 09:00 ET

Delphi Content Onboard New Mercedes-Benz C-Class

Delphi's Safety, Security, Entertainment, Diesel Common Rail and E/EDS Technologies Featured on Mercedes Highest-Volume Model

TROY, MI -- (MARKET WIRE) -- April 5, 2007 -- Delphi Corp. (PINKSHEETS: DPHIQ) will provide the complete E/E distribution systems, the satellite radio and DAB (Digital Audio Broadcast) receiver, integrated antenna, passive-occupant detection system, security sensor and electrical/electronic distribution systems for the recently introduced Mercedes-Benz C-Class, and the injection system for the Diesel Common Rail in the 220 CDI model.

"We are pleased to provide several key technology systems for the completely redesigned 2007 Mercedes Benz C-Class," said Jugal Vijayvargiya, Controls & Security product business unit executive with the lead for Delphi Electronics & Safety in Europe. "The 2007 model of the Mercedes-Benz C-Class is an 'eye catcher' that we believe will generate tremendous excitement with consumers around the world. We are honored to showcase so many of our technologies on this important vehicle."

As the leading supplier of OEM satellite radio hardware, Delphi provides satellite radio receivers for the new vehicle. Delphi's latest satellite receiver technology offers improved reception performance and audio quality for the listener.

Delphi introduces this enhanced Delphi tuner within the new C-Class.

Satellite radio is helping to lead the digital convergence for radio in the United States and provides listeners with more than 150 channels of digital quality programming across the entire country.

The new medium, forecast to become available in Europe within the next few years, provides many of its channels commercial-free and, unlike terrestrial radio the satellite signal does not fade over long distances. Mobile listeners can drive thousands of miles and keep the same radio signal. Delphi has sold more than 7 million OEM satellite radio receivers for the U.S. market.

Delphi's DAB receiver enhances entertainment systems by providing the capability to receive digital radio in Europe. DAB offers CD-like audio quality and the opportunity to broadcast data services like premium traffic information. In some regions, broadcasters offer specialized programs only available on DAB.

Delphi's Fuba™ subsidiary delivers an integrated antenna systems for the reception of AM/FM radio, DAB radio, Keyless-go and central lock. Mercedes C-Class vehicles bound for Japan ordered with a TV system are equipped with Delphi Fuba's TV antenna system. The integrated antenna technology provides advanced reception performance and the possibility of invisible integration into the vehicle design.

Delphi's passive occupant detection system is designed to classify the occupant seated in the front passenger seat of the new C-Class for potential airbag suppression. The system provides information to the airbag controller to suppress or deploy the passenger airbag based on the weight in the seat.

Delphi's content theft detection system used on the Mercedes C-Class is the market leading product and provides security by using ultrasonic sensors to detect movement within the passenger compartment and inclination sensors to trigger the alarm in case of wheel or towing thefts.

Delphi's Electrical/Electronic Distribution Systems will provide wiring harnesses for the passenger compartment, cockpit, doors, roof, seating and engine compartment. Delphi realized a new environmental friendly E/EDS concept by reducing material and components as possible. These highly integrative harnesses are specific to the Mercedes-Benz C-Class. The engine compartment harness contains a pre-fuse box with a pyrotechnic battery-disconnect safety switch to seer the starter and alternator securely from the battery in case of an accident.

A seven-way fuse holder (replacing the one-way standard fuse holder) is making its debut in the new C-Class. Significant quality improvement through reduction of assembly and handling risks cost reduction when more than three single fuse holders on one bench can be replaced and no need to change the device side due to compatibility of the standard interface geometry are some of the design advantages.

Delphi Powertrain supplies the diesel common rail system for the new Mercedes-Benz C-Class 220 CDI. "This is a tremendous achievement for our diesel team and demonstrates our technological prowess and commitment to develop to-notch technology," said Guy C. Hachey, President, Delphi Europe. "The new system provides high injection pressure, improved nozzle design, superior hydraulic stability and enhanced software strategies. One of the many benefits is a tremendous reduction in NOx."

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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 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 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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