Innovative Battery Disconnect Safety Device, Leather-Wrapped
Instrument Panel Among Featured Technologies
TROY, Mich., Feb. 7 /PRNewswire/ -- Delphi Corp. continues to grow its
relationship with DaimlerChrysler AG with full cockpit module design and build
responsibility on the new Mercedes GL-Class full-size sport utility vehicle
(SUV). The all-wheel drive vehicle recently made its debut at the 2006 North
American International Auto Show in Detroit, Mich. and is scheduled to launch
in the U.S. and Europe later this year.
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Similar to the content Delphi supplies to the automaker's M-Class SUV and
the R-Class wagon, the instrument panel and console are manufactured in
Delphi's Gadsden, Ala. plant and the entire cockpit assembly is performed at
Delphi's Cottondale, Ala. facility. Both operations are in close proximity to
Mercedes' Tuscaloosa, Ala. vehicle assembly plant where the GL-Class will be
built alongside the M- and R-Class models.
"On the M- and R-Class vehicles, we worked closely with Mercedes all the
way from the early stages of design to the final details of the cockpit
assembly. Winning the contract to supply the GL-Class in the same fashion is a
vote of confidence that validates our performance with this key customer and
puts Delphi's mark on the interior of this impressive vehicle," Lon
Offenbacher, business line executive, cockpits and interior systems, Delphi
Thermal & Interior, said.
The GL-Class instrument panel will come in three different color
variations with numerous wood options and an integral sewn passenger airbag
seam.
As with its support of the Mercedes-Benz M-Class and R-Class vehicles,
Delphi is also providing the full wiring harness content on the new GL through
a unique custom-build manufacturing process developed with the automaker.
"This process allows Mercedes-Benz to do away with the need to stock
multiple part numbers, because with every harness built specifically to match
an ordered vehicle, there are essentially no part numbers," Raul Cuellar,
Mexico West manufacturing director for Delphi Packard Electric, said of the
process, which marked its North American debut on the recently redesigned M-
Class sport-utility vehicle.
Delphi's Packard Electric division builds and ships customer-specific
full-body wiring harness packages within its Mexico operations for all three
aforementioned Mercedes vehicles in a manner that matches exactly the highly
diverse specific requirements of every model that comes through Mercedes'
assembly plant in Tuscaloosa, Ala. More than 30,000 configurations are
possible in the full-body wiring harnesses that are assembled for Mercedes,
based on the numerous features and options consumers are afforded in this trio
of luxury vehicles. Each one of these custom-built wiring harnesses is
sequenced in pre-determined order to meet its "parent" vehicle on the assembly
line as it is built.
Additionally, Delphi will provide its Battery Disconnect Safety Device for
a version of the new GL-Class, a safety innovation designed to help mitigate
short circuiting in collision events. Activated during a collision, the
Battery Disconnect Safety Device helps prevent potential short circuits
through the utilization of a small pyrotechnic charge that quickly and safely
disconnects protected circuits. This provides circuit protection for the
cables connecting the battery to the vehicle's starter, alternator and
electrical centers.
The Battery Disconnect Safety Device will make its GL-Class debut on
Europe-bound versions carrying the V6-powered diesel engine -- specifically,
the GL 320 CDI -- which will become available on the continent later this
year.
At Delphi, we help make cars safer, cleaner, more efficient, and fun to
drive. For more information about Delphi Corporation (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
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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
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