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Delphi Audio Systems Help Commercial Fleet Owners Enhance Cabin Comfort and Convenience Delphi Audio Systems Make Long Hauls More Enjoyable TROY, MI--(MARKET WIRE)--Oct 8, 2008 -- Delphi Corporation (Other OTC:DPHIQ.PK - News) provides
audio systems that are "road-tough" with multi-functionality
to meet the
needs of commercial truck drivers, manufacturers and fleet
owners. Trends show that fleet owners are enhancing the cabin of the truck by adding comfort and convenience features to attract the best drivers. Delphi audio systems are among the most popular upgrades for tractor cabins because of the systems' robust quality and multi-feature capability. "Our aim is to offer the industry's best driver environment," says Christer Pehrsson, business area manager for long-haul operations at Volvo Trucks. "This naturally includes a high-class audio system. Our new Delphi audio system offers many features and has enabled Volvo to be the first truck maker to develop a complete system that integrates Bluetooth, MP3, USB and iPod." "Providing entertainment and communications technologies is what we do best -- everything from AM/FM to iPod interconnectivity," said Ken Erickson, lead executive for the Entertainment & Communications product business unit at Delphi. "Our lengthy experience in communications technologies started 72 years ago when we integrated the first radio into the instrument panel of a customer's vehicle." In addition to high-quality sound, Delphi audio systems equipped with Bluetooth technology allow the driver to use a personal Bluetooth-enabled mobile telephone in the vehicle hands-free. This helps to keep drivers' hands on the steering wheel and eyes more focused on the road ahead. Incoming calls appear on the radio display and voice is heard through the radio speakers. Delphi audio systems include CD players that accept regular CDs and discs with files saved in MP3 and WMA format. They also include a USB port that allows drivers to play memory sticks or MP3 players. The system features command and control of an iPod from the steering wheel. It also recharges the plug-in player and has a location to keep the MP3 player hidden to help prevent theft. A leader in satellite radio hardware, Delphi has provided more than 18.5-million satellite radios to customers. Satellite radio is the radio medium that offers customers up to 170 channels of programming in addition to the traditional AM/FM radio offerings in OEM applications. Programming is beamed from satellites and includes a very wide variety of music, talk, sports, news, traffic, weather and entertainment coast-to-coast in the U.S. and Canada without fading. Several companies are currently in the process of offering satellite service for Europe. "Over the years, radios have evolved into multifunctional audio communication systems," Erickson said. "Using core building blocks, we can custom fit the features and functions that are important to a particular customer and offer the system at a very competitive price." A manufacturer of more than 283 million mobile radios, Delphi has introduced an array of new wireless technologies. In the last 25 years alone, Delphi has been at the forefront in the introduction of multi-speaker, multi-amp premium audio, CD playbacks, DVD rear seat video, MP3 playbacks, advanced TV reception systems and satellite radio into the market. Delphi supplies both OEM and retail hardware for both domestic satellite radio providers. The trucking industry is very important to the U.S. economic system in that approximately 92 percent of all products are transported on a truck at least once. The industry employs more than three million drivers that travel more than 400 billion miles annually. For more information about Delphi, visit www.delphi.com. 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. Contact: CONTACT:
Milton Beach
1.765.451.0655
Email Contact
Source: Delphi Corporation
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