SOURCE: Delphi Corporation

November 12, 2008 09:00 ET

Delphi Wins HSDD Business From GM Europe

New Technology Provides One System for Connecting All Protocols

TROY, MI--(Marketwire - November 12, 2008) - Delphi Corporation (PINKSHEETS: DPHIQ) has signed an agreement to provide its new High-Speed Digital Data (HSDD) connectivity systems for inclusion on new General Motors vehicles in Europe.

Delphi won the business soon after unveiling its new HSDD technology.

HSDD connectivity systems provide cost effective automotive-engineered connection systems for a broad range of high-speed protocols, reports Matthias Weber, managing director, Delphi Connection Systems Europe.

Among the high-speed protocols HSDD connection systems serve are USB 2.0, 1394, LVDS, FlexRay, eMOST and Ethernet, he adds.

This is important because it simplifies connections in vehicles that use multiple data protocols, Weber explains. "Delphi's HSDD connectivity provides one system for connecting all protocols and all data bus systems," he stresses, "and is suitable for both automotive and commercial vehicle applications."

The technology uses 0.64 standard crimp technology on ISO (International Standards Organization) centerline spacings, while a new tactile lock system with connector position assurance ensures proper connections are achieved and maintained.

Delphi's HSDD connectivity systems transport high-speed digital data with continuous shielding and employ standard automotive assembly technologies. They also make camera and video applications used in safety systems possible. And, Weber adds, the new HSDD technology generates a data loop from header to header with the possibility to add inline interfaces.

For USB connections with Delphi's HSDD connectivity systems, Delphi has designed a universal adapter.

Delphi's HSDD is the latest example of how Delphi continues to strengthen and expand its data connectivity portfolio with products that keep consumers connected.

"Delphi is defining what data connectivity is with complete data connectivity systems and a full line of data connectivity products on the forefront of technological advancements," observes Tim Ross, Global Director, Sales & Marketing.

"Our experts have taken the lead in helping to establish industry standards and are committed to continually introducing new products that are on the cutting edge as consumer technologies continue to evolve. Providing the best data connectivity systems in the world is a top priority at Delphi," Ross asserts.

For more information on Delphi Data Connectivity Systems, visit www.Delphi.com/dataconn.

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., visit http://delphi.com/about/news/media/.

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 its advance agreement with GM, to obtain an extension of term or other amendments as necessary to maintain access to such facility and advance agreement; 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 achieve all of the conditions to the effectiveness of those portions of the Amended and Restated Global Settlement Agreement and Amended and Restated Master Restructuring Agreement with General Motors which are contingent on Delphi's emergence from chapter 11; the ability of the Company to obtain court approval to modify its amended plan of reorganization which was confirmed by the Court on January 25, 2008 as set forth in its filing on October 3, 2008 and to confirm such modified plan or any subsequent modifications to the confirmed plan or any other subsequently confirmed plan of reorganization and to consummate such plan; 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 as described in the proposed modifications to its plan of reorganization as filed with the 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 Annual Report on Form 10-K for the year ended December 31, 2007 filed with the SEC, 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.

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