New Delhi, Delhi, India
Delphi Corporation (PINKSHEETS: DPHIQ), a leading global supplier of mobile electronics and transportation systems, will showcase its latest automotive technologies at the 9th Auto Expo 2008 in New Delhi from January 11-20, 2008.
The highlights of the Delphi display will be Dual View GPS Navigation System, Advanced Engine Management Systems for cars and two-wheelers, Gasoline Direct Injection (GDI) Systems, Compact Flex Zone HVAC module, Alternate Refrigerant Solutions, Waferized Joint Connectors for smaller, more efficient Electrical/Electronic Architecture, Ultra-thin Wall Halogen-free light weight cables, neatly packaged Battery Monitors for better electronics and lower fuel consumption, Data Connectivity hubs for multiple consumer interfaces, innovative products for better interior aesthetics, Enhanced Vehicle Security, Consumer Safety and Accident Prevention products.
Delphi India plans to significantly expand its product portfolio, enhance the capacity of its chosen facilities and introduce new product lines and consumer oriented electronics products to support customers in India and improve its competitiveness.
Mr. Choon T. Chon, Vice President, Delphi Corporation and President, Delphi Asia-Pacific, said, "Delphi is very excited about the growth opportunities in the Indian market. We are committed to grow our business with both domestic and international original equipment manufacturers. To realize this growth potential, our company is going to rationalise and expand its product portfolio, product & applications engineering and manufacturing capability. Our exhibit at Auto Expo will showcase a new comprehensive technology portfolio relevant for the India market."
Mr. Ashok Ramaswamy, Managing Director, Delphi India, said, "The Indian market has changed considerably in the past few years in terms of the consumer requirements and OEMs wanting new technologies in the areas of Safety, Entertainment, Comfort and Convenience. In addition, Indian OEMs continue to expand their exports from India to other markets. That presents some challenges as those vehicles must meet the regulatory requirements of various overseas markets. This is where Delphi's significant presence in these markets and its advanced electronics and product portfolio can make it an attractive supplier to partner with."
Delphi Electronics & Safety will present new and innovative Navigation and Safety products on display at the Auto Expo. The Navigation Systems range will include Integrated Dual-View Display that enables front seat passenger to watch video that the driver cannot view. The Dual-View Display system comes with features such as Intuitive 7-inch Touch Screen Interface, Voice Recorder, DVD-R, DVD-VX. The touch-sensitive instruction panel displays different images and controls to the driver and the front-seat passenger using Delphi's "Driver/Passenger discrimination technology". Also on display will be products from Delphi's passive safety portfolio and the much-desired 'Active Safety' products that are designed to help prevent the accident from occurring and reduce injury if a crash can't be avoided.
Delphi's Powertrain Systems division will showcase Engine Management Systems for Multiple Fuel Applications, new, high-performance Gasoline Direct Injection (GDI) system for cars and Multec Electronic Fuel Injection (EFI) for two-wheelers. Delphi Powertrain products will help Indian OE manufacturers adopt new, efficient fuel management and Alternate Fuel technologies to provide better fuel economy.
Delphi Thermal Systems will feature an Alternate Refrigerant Solution that it is developing to help fulfill the new air conditioning refrigerant emissions legislation and are also suitable for a wide range of climates and cost structures.
Delphi's Product and Service Solutions division (DPSS) will put on display several in-car entertainment products including the X-Line Radios and Carcine Top Vision 730 Mobile Multimedia range from Delphi Grundig.
The unique Delphi Packard Electrical/Electronic Architecture (E/EA) display at Auto Expo will include a mix of products that enable better connectivity with external interfaces, and products that facilitate miniaturization and more eco-friendly electronics and Electrical/Electronic systems. Delphi Packard E/EA helps manufacture greener, more eco-friendly vehicles that require lesser quantities of raw materials to produce, are more fuel efficient and are easy to reclaim once they are no longer in use.
Delphi India
Delphi has been present in India as a wholly owned subsidiary since 1995. It operates through four manufacturing facilities located in Bangalore, NOIDA, Gurgaon and Manesar, and one technical centre in Bangalore.
Delphi India employs a large, local workforce of over 3,125 highly skilled personnel intensively trained at Delphi facilities both in India and overseas. Delphi's key customers in India include Maruti Udyog Ltd, Tata Motors Ltd, and Mahindra & Mahindra to name a few.
Delphi Corporation
Delphi is a leading global supplier of mobile electronics and transportation systems, including powertrain, safety, steering, thermal, and controls & security systems, electrical/electronic architecture, and in-car entertainment technologies. Engineered to meet and exceed the rigorous standards of the automotive industry, Delphi technology is also found in computing, communications, consumer electronics, energy and medical applications. Headquartered in Troy, Mich., Delphi has approximately 171,000 employees and operates 159 wholly owned manufacturing sites in 36 countries with sales of $26.4 billion in 2006. Delphi can be found on the Internet at www.delphi.com.
FORWARD-LOOKING STATEMENT
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 to obtain an extension of term or other amendments as necessary to maintain access to such facility; the terms of any reorganization plan ultimately confirmed; 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 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 EPCA; 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 its periodic filings with the SEC and its filings with the Bankruptcy 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 Company's Annual Report on Form 10-K for the year ended December 31, 2006, 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. Additionally, no assurance can be given as to what values, if any, will be ascribed in the bankruptcy cases 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 interest and cancellation of their interests. In addition, 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, 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 little or 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 prepetition liabilities.
Source: Delphi Corporation (Business Wire India)
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