SOURCE: Delphi Corporation

January 08, 2007 10:26 ET

Delphi's Navigation Portfolio Offers the 'Right Turns' for Many Segments of the Market

Delphi Provides Navigation Products Low-, Mid-Level and High-End Systems

LAS VEGAS, NV -- (MARKET WIRE) -- January 8, 2007 -- Delphi Corp. (PINKSHEETS: DPHIQ) is helping to move navigation systems ahead in the market by offering a complete line of products that make navigation accessible to more vehicle buyers worldwide.

Delphi offers navigation systems that range in cost from approximately $350 for value-conscious consumers to about $2,000 for high-end, more elaborate systems. This exceptionally broad global product line-up enables Delphi to meet a diverse set of customer needs.

"In the past, navigation systems have cost consumers several thousand dollars, which has limited their application," said Ken Erickson, Delphi Communications & Entertainment product business line general director. "Today, Delphi offers a variety of navigation options that address virtually every segment of the global market. This diverse product lineup will help make navigation available to many more drivers around the world."

Delphi has a global portfolio of navigation systems and provides units for North America, Europe, the Middle East, China and Japan. Delphi's voice-activated systems provide route guidance in 11 different languages and 15 local dialects for world regions.

Delphi's integrated navigations systems use onboard computers that interact with a GPS system, vehicle sensors and a map database to guide users to a predetermined destination. Delphi's mid- to high-end navigation units are DVD-based and provide full-color map data on a single disc. Touch Screen navigation displays range from 4.3 to 8 inches and are easy to operate. These systems are usually integrated into full-featured entertainment systems that can include radio, satellite radio, traffic data, DVD video, Bluetooth, voice recorder and media players.

Providing excellent performance and value, Delphi's high-value SD (Secure Digital)-based navigation system uses a flash-based SD card for a lower-cost map data interface. The unit features a 4.3-inch color, touch screen display with full map and voice-guided directions. In addition, Delphi high-value navigation systems are integrated into the radio with USB connections and MDI (Mobile Device Interface). The SD card can be used for other media (music, pod cast, etc.).

"Delphi is one of the first tier-one suppliers to offer navigation systems to OEMs in the mid and value end of the market," Erickson said. "We believe that this is going to increase market acceptance for small and mid-size vehicles in the market."

Real-Time Traffic Navigation

Delphi helped to enable the first real-time traffic navigation application in North America when it introduced its digital data decoder. The patented digital data decoder offers a low-cost, reliable, broader coverage alternative to cellular network-based telematics services.

The Delphi data decoder works in conjunction with satellite radio and is a derivative of Delphi's satellite radio receiver. The new innovation adds new information and data service capability through a special satellite radio receiver with a data port. Vehicles equipped with the technology and a navigation system can display real-time traffic, and other information while playing satellite radio. The system is also capable of giving real-time weather, sports scores and stock updates.

Experts in human-machine interface and integrating systems seamlessly into new vehicles, Delphi continues to pioneer the instrument panel space between the driver and passenger.

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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