SOURCE: Delphi Corporation

October 16, 2007 08:30 ET

Delphi Developing AUTOSAR-Based Platform for Future Body Computer Modules

TROY, MI--(Marketwire - October 16, 2007) - Delphi Corp. (PINKSHEETS: DPHIQ) announced today it is developing a new generation of vehicle body control electronics based on the requirements of AUTOSAR (AUTomotive System Open ARchitecture). The effort is in preparation for customers that are likely to require compliance with these requirements in body and security products in the near future.

AUTOSAR initiatives are aimed at establishing open standards in vehicle E/E architecture that provide a common infrastructure.

Using Delphi-developed AUTOSAR-compliant software, Delphi engineers are developing modular body computer systems that can be used across generations of vehicles. The software provides flexibility for product modification and scalability of solutions for product lines. Delphi plans to reuse proven pieces of software within and across vehicle lines to enhance overall quality of the E/E architecture.

"Delphi is committed to meeting evolving customer requirements with speed and flexibility," said Jugal Vijayvargiya, Delphi product business unit executive. "We believe the development of AUTOSAR-based body control technologies is evidence of our ability to apply innovative technology to address customers' business needs."

With experts in vehicle software development, systems integration and manufacturing electronic vehicle systems, Delphi has developed basic software modules for the AUTOSAR core including Runtime Environment (RTE), communication management (CAN and LIN), COM services, error handling, device drivers, memory management, mode management and operating system hardware. Delphi is also developing basic software modules for FlexRay.

Delphi has also designed a strategy for automated, tool-assisted configuration and integration of AUTOSAR-compatible control units.

"Our modular strategy is based on the widely used Eclipse open source framework," Vijayvargiya said. "One of the key features is that it works with a unified base of data. The various configuration tools are integrated as plug-ins and users are free to choose which tools to use. Our extensive experience in integrating systems into vehicles allows us to easily integrate third-party auto core modules."

AUTOSAR is designed to address the increasing electronic content and complexity of electronics in vehicles that are driving the need for more standardization. The initiative is made up of automotive manufacturers and software and tool vendors whose objective is to create and promote the standardization of software in vehicles.

For more information about Delphi, 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 Item 1. Business "Potential Divestitures, Consolidations and Wind-Downs" of the Annual Report on Form 10-K for the year ended December 31, 2006 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. 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 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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