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.