Supplier's Latest HVAC Module, Compressor Technology Featured
On North American International Auto Show 'Car of the Year' Finalist
TROY, Mich. Feb. 2 /PRNewswire/ -- Delphi Corp. is supplying the climate
control system on Ford Motor Company's recently launched 2006 Fusion mid-size
sedan. The business represents the first Delphi-produced climate control
system to be featured on a Ford vehicle. Delphi displayed its content at the
Society of Automotive Engineers Detroit Section meeting this week at the Ford
Conference and Events Center in Dearborn, Mich.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO )
The Fusion was one of the top three vehicles reaching finalist status in
the 2006 North American Car of the Year contest. Delphi supplies the compact
heating, ventilation and air conditioning (HVAC) module, air conditioning
compressor, air conditioning lines, heater hoses, and HVAC control heads and
sensors for the vehicle. The Fusion utilizes the same architecture as the
Mercury Milan and Lincoln Zephyr to which Delphi supplies the same content.
To accommodate all three vehicles, the climate control system has been
designed with single-zone manual, single-zone automatic and dual-zone
automatic control head options for use across one basic HVAC module
architecture.
Delphi's estimated sales revenue for the business is approximately $345
million over the life of the contract.
"We're proud to have Delphi's latest comfort and convenience technologies
showcased on the 2006 Ford Fusion. This is an exciting platform being
embraced by automotive consumers and recognized by the industry," said Ronald
Pirtle, president, Delphi Thermal & Interior, and vice president, Delphi Corp.
"We plan to build on our strategic relationship with Ford by surpassing their
expectations on the quality, delivery, value and performance of our products."
The compact HVAC module helps free up valuable real estate in the Fusion's
instrument panel. Delphi's 47mm evaporator and 25mm heater core are key
enablers for the compact geometry. Delphi's Split Tongue & Groove technology,
a robust sealing system using snap features to assemble HVAC cases, gives the
system an airtight seal design and improves cost by eliminating the need for
foam and rubber seals. The technology was recently named a finalist in the
Society of Plastics Engineers 2005 'Most Innovative Use of Plastics' awards.
"Delphi's Split Tongue & Groove technology improves the overall driving
experience by eliminating annoying 'whistle' noises and untreated air leaks
from the HVAC module that can compromise comfort in the passenger
compartment," Marshall Andrews, business line executive, climate control and
powertrain cooling systems, Delphi Thermal & Interior, said.
The Ford Fusion climate control system also makes use of Delphi's SP-17
air conditioning compressor, a 10-cylinder fixed displacement unit offering
high efficiency and quiet performance in a compact, lightweight and durable
package.
In the fall of 2005, Delphi was selected to be a part of Ford Motor
Company's Aligned Business Framework.
At Delphi, we help make cars safer, cleaner, more efficient, and fun to
drive. For more information about Delphi Corp. (Pink Sheets: DPHIQ), visit
http://www.delphi.com .
FORWARD-LOOKING STATEMENT
This press release, as well as other statements made by Delphi may contain
forward-looking statements within the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995, 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 ("DIP") facility; the Company's ability to
obtain court approval with respect to motions in the chapter 11 proceeding
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; 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; the ability of
the Company to attract, motivate and/or retain key executives and associates;
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, 2004 and its most recent
quarterly report on Form 10-Q for the quarter ended September 30, 2005 and
current reports on Form 8-K. 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 interest and
cancellation of their interests. As described in the Company's public
statements in response to the request submitted to the United States Trustee
for the appointment of a statutory equity committee, holders of Delphi's
common stock and other equity interests (such as options) should assume that
they will not receive value as part of a plan of reorganization. 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 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
prepetition liabilities.
SOURCE Delphi Corporation
 back to top
Related links:
http://www.delphi.com/media
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO PRN Photo
Desk photodesk@prnewswire.com
Company News On-Call:
http://www.prnewswire.com/comp/076666.html
CONTACT:
Barb Barkley of Delphi Corporation,
+1-716-439-2594, barbara.a.barkley@delphi.com
|
