Delphi Corporation

2008-04-04 -- GM Statement: "General Motors is disappointed in the decision by Appaloosa and the plan investors to withdraw their support for Delphi. There has been a tremendous amount of effort and progress made to establish the foundation that would enable Delphi to emerge from Chapter 11. GM will continue to work with the involved parties to facilitate Delphi’s efforts to emerge from bankruptcy."

Source: General Motors

Affiliate of GM To Participate In Up To $2 Billion First Lien Term Note In Accord With Bankruptcy Court Guidance Regarding Company's Pursuit of Exit Financing

Lake Forest, Illinois, March 10, 2008 – Tenneco Inc. (NYSE: TEN) today announced that it has entered into a purchase agreement with Delphi Automotive Systems LLC to acquire certain ride control assets and inventory at Delphi’s Kettering, Ohio facility. This purchase agreement has been filed with the bankruptcy court as part of Delphi’s bankruptcy court proceedings.

The closing of this purchase is subject to certain closing conditions, including bankruptcy court approval.

As part of the purchase agreement, Tenneco would pay approximately $10 million for existing ride control components inventory and approximately $9 million for certain machinery and equipment. Tenneco would also lease a portion of the Kettering facility from Delphi.

New Car Lines Include Supplier's Battery Disconnect Safety Device

February 4, 2008, TROY, MICH. -- A leader in safety innovations for more than 100 years, Mercedes-Benz is among the first automakers to include Delphi Corporation's Battery Disconnect Safety Device (BDSD) on multiple new car lines.

Several Mercedes-Benz models incorporate Delphi's BDSD, including all C-Class sport coupes and luxury sedans and the M-Class sport utility vehicles.

Mercedes-Benz has always optimized leading-edge technology to assist in keeping passengers out of harm's way and Delphi's BDSD expands on that by preventing short circuiting that could occur following some collisions.

January 25, 2008, TROY, MICH. -- Delphi Corporation (PINKSHEETS: DPHIQ) today confirmed it will seek final bankruptcy approval to sell its steering and halfshaft business to an affiliate of Platinum Equity at a sale hearing on February 21, 2008. Delphi plans to conclude the sale as soon as all regulatory approvals have been received.

For more information about Delphi Corp., go to Delphi.com.

For more information about Platinum Equity, go to PlatinumEquity.com.

FORWARD-LOOKING STATEMENTS

January 25, 2008, TROY, MICH. -- Delphi Corp. (PINKSHEETS: DPHIQ) announced today that the Honorable Judge Robert D. Drain of the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") entered an order today confirming the First Amended Joint Plan of Reorganization, As Modified (the "Plan") of Delphi Corporation and certain of its affiliates. The Court ruled that Delphi had met all of the statutory requirements to confirm its Plan.

Files Motion to Request Hearings with the Bankruptcy Court

January 17, 2008, TROY, MICH. -- Delphi Corporation (PINKSHEETS: DPHIQ), through its subsidiaries, has entered into an asset sale and purchase agreement with Resilience Capital Partners for the sale of its Wheel Bearings business, company officials announced today. Pursuant to the procedures outlined in the Bankruptcy Code, the company filed a motion with the U.S. Bankruptcy Court for the Southern District of New York to request a bidding procedures hearing on Jan. 25, 2008.

January 7, 2008, LAS VEGAS -- Delphi Corp. (PINKSHEETS: DPHIQ) announced at the 2008 International Consumer Electronics Show that it is supplying an innovative active safety system for the several new models for a prominent European automaker. Delphi is providing adaptive cruise control and collision mitigation with automatic braking technologies for these vehicles. Delphi is showcasing the system at its exhibit #5206 at the Las Vegas Convention Center, North Hall.

"Delphi has reached another milestone in the evolution of providing safety systems with the introduction of the new collision detection system," said Beth Schwarting, executive in charge of Delphi's Safety product business unit. "Delphi is helping to take vehicle safety to the next level with these cutting-edge systems."

Delphi's Information, Convenience, Protection Concept Vehicle Designed to Keep Drivers Focused

January 7, 2008, LAS VEGAS -- At the 2008 International CES, Delphi Corp. is showcasing a "must see" concept cockpit system that is specially designed to optimize the driver's interaction with vehicle controls. The Delphi Information, Convenience, Protection (ICP) demonstration vehicle is ergonomically and technologically engineered to help address the critical issue of driver inattention.

Federal commitment will enhance advancement of fuel cell technology production

Release date: January 8, 2008, AUBURN HILLS, MICH. -- U.S. Rep. Louise M. Slaughter, D-N.Y., chairwoman of the House Rules Committee, yesterday joined Bill Destler, president of Rochester Institute of Technology (RIT); Steven Shaffer, chief engineer for fuel cells at Delphi; and Nabil Nasr, director of RIT's Center for Integrated Manufacturing Studies (CIMS) to announce $2.75 million in federal funds for fuel cell development.

Delphi to design original equipment and aftermarket receivers

January 7, 2008, LAS VEGAS -- Delphi Corp. (PINKSHEETS: DPHIQ) and WORLDSPACE(R) Satellite Radio (NASDAQ: WSRP) announced today that the two companies have an agreement in which Delphi will design the first WORLDSPACE satellite radio mobile receiver for the European aftermarket based on a WORLDSPACE-developed reference design. In addition, the two companies announced that WORLDSPACE has selected Delphi to be a lead designer for its European OEM receiver and reception system applications that will also be based on WORLDSPACE's reference designs. Delphi made the announcement at the 2008 International Consumer Electronics Show.

- Delphi Files Motion To Request Hearing With U.S. Bankruptcy Court
- Steering Solutions Corporation, a wholly owned entity of Platinum Equity, LLC, is named lead bidder in the sale of Delphi Corporation's global steering division

December 11, 2007, TROY, MICH. -- Delphi Corporation (PINKSHEETS: DPHIQ) has entered into a master sale and purchase agreement with Steering Solutions Corporation, a wholly owned entity of Platinum Equity, LLC, for the sale of its global steering and halfshaft businesses.

Delphi Reaches Agreements In Principle With Statutory Committees

Form of Amended GM and Plan Investor Agreements Also Filed With Bankruptcy Court. Delphi to Proceed with Dec. 6 Investment Agreement Amendment Hearing And Continuation of Disclosure Statement Approval Hearing

December 4, 2007 -- TROY, MICH. -- Delphi Corp. (PINKSHEETS: DPHIQ) announced that it has reached agreements in principle with its Official Committee of Unsecured Creditors, its Official Committee of Equity Security Holders, General Motors Corp. and its Plan Investors on amendments to its Joint Plan of Reorganization, Global Settlement Agreement and Master Restructuring Agreement between Delphi and GM, and the Investment Agreement with Delphi's Plan Investors led by an affiliate of Appaloosa Management L.P.

Delphi, GM And Plan Investors Approve Key Agreements; Revised Plan Investor Bid Letter Executed By Appaloosa And All Co-Investors

November 15, 2007 -- TROY, MICH. -- Delphi Corp. (OTC:DPHIQ) announced that it has reached agreement with General Motors Corp. and its Plan Investors on amendments to its Joint Plan of Reorganization, Global Settlement Agreement and Master Restructuring Agreement between Delphi and GM, and the Investment Agreement with Delphi's Plan Investors led by an affiliate of Appaloosa Management L.P.

Delphi to Present Specialized Technologies at Agritechnica

November 13, 2007, HANNOVER, GERMANY -- Delphi Corp. is applying its proven expertise with passenger cars and commercial vehicles to develop rugged, reliable and durable products for the agricultural and construction vehicle industries.

October 31, 2007, CHICAGO -- Delphi is showcasing some of its electrical power systems capabilities at the SAE Commercial Vehicle Engineering Congress & Exhibition at the Donald E. Stevens Convention Center in Rosemont.

Delphi delivers significant value to hybrid vehicle manufacturers by bringing the right electronic and electrical powertrain component systems, thermal management components and wiring architecture for their hybrid vehicles.

Supplier Offers Unique Electrical, Electronic and Safety Solutions for Growing Number of Commercial and Specialty Vehicle Applications

October 24, 2007, TROY, MICH. -- Delphi Corporation (PINKSHEETS: DPHIQ) will take an active role in discussing the future of commercial vehicle electrical, electronic and safety systems at the Society of Automotive Engineers 2007 Commercial Vehicle Engineering Congress & Exposition, Oct. 30 - Nov. 1, in Chicago.

Within the aggressive market of commercial vehicle supply, Delphi offers valuable products and technical expertise that meet the need for more durable, environmentally-friendly and lower cost systems.

Technical Presentations

October 22, 2007, TROY, MICH. -- Delphi has retained W.Y. Campbell & Company to explore sale opportunities for the majority of its global suspension business, company officials announced today.

Delphi's Global Suspension business is a significant producer of shock absorbers, struts, damper modules and electronically controlled suspension products, including the award-winning "MagneRide" system. The business has anticipated 2007 revenue of $480 million USD and supplies a wide array of OEM customers globally.

Delphi's Global Suspension business has more than 2,500 employees with primary manufacturing locations in Poland, Mexico and the United Kingdom.

Delphi Files Motion To Request Hearing With The Bankruptcy Court

October 16, 2007, TROY, MICH. -- Delphi Corporation (PINKSHEETS: DPHIQ) has entered into a master sale and purchase agreement with a wholly owned subsidiary of The Renco Group, Inc. for the sale of its global Interiors and Closures business, company officials announced today. The agreement has been approved by Delphi's Board of Directors.

Pursuant to the procedures outlined in the Bankruptcy Code, Delphi filed a motion with the U.S. Bankruptcy Court for the Southern District of New York to request a bidding procedures hearing on October 25, 2007.

October 15, 2007, FRANKFURT, GERMANY -- Delphi, one of the largest producers of diesel fuel injection systems, and Chevron Global Lubricants (CGL) have launched a new aftermarket fuel additive.

The product, called Delphi Diesel+ and co-branded by both Delphi and Chevron Texaco, the new fuel treatment is available through authorised Delphi distributors. It offers major benefits in protecting the latest generation Euro IV and Euro V engines from damage resulting from variable fuel quality. Chevron Texaco point out that diesel fuel can suffer when poorly stored.