Supplier's advanced electrical, climate control and
controlled suspension systems at heart of 599 GTB
MARANELLO, Italy, March 1 /PRNewswire/ -- Delphi Corp. is supplying key
systems to Ferrari's newest luxury vehicle, the 599 GTB (Gran Turismo
Berlinetta), the Italian automaker's replacement to the 575 Maranello.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO )
The new 2007 model, Ferrari's most powerful V-12 engine production car of
all time, was officially unveiled this week at the Geneva Motor Show.
Delphi is supplying the complete climate control system and MagneRide
controlled suspension technology, as well as the electrical/electronic (E/E)
system including electrical centers, to this stylish luxury touring model.
"A high-performance vehicle demands the latest technology," said Volker
Barth, president, Delphi Europe. "Delphi is proud to be supplying Ferrari
with some of our most innovative products. Our goal is to help enhance the
driving experience for Ferrari drivers. They want a ride-and-handling
performance without compromise, and they want to be surrounded in a
comfortable environment in the cockpit. Our technologies help contribute
toward these characteristics."
Delphi has been supplying climate control technology to Ferrari since
1992, and is responsible for the climate control systems on all of Ferrari's
current model programs.
To meet the challenging comfort demands of this luxury sports car, Delphi
engineers worked closely with Ferrari to co-design the 599's climate control
system. Production of the heating, ventilation and air conditioning (HVAC)
module for the 599 began in February 2006.
Delphi has made significant improvements for the new 599 dual-zone climate
control system. It is managed by an electronic control unit and receives and
processes data on external and internal temperature through newly enhanced
software and a solar load sensor. Noteworthy system components include a
carbon anti-pollution and anti-particle filter and a compact variable
displacement compressor (7CVC) modified to meet the car's high performance
needs.
"Once again, Ferrari has put its confidence in Delphi and our Molinella,
Italy, facility for their latest vehicle launch," said Steven Kiefer, managing
director, Delphi Thermal & Interior, Europe and South America. "Ferrari
represents the highest standard in the sports car segment in terms of
performance, quality, sophistication and prestige. Delphi is proud of our
long-standing relationship with Ferrari, and we share their passion and
commitment to excellence Ferrari owners have come to expect."
Delphi's long-running relationship with Ferrari also extends to its E/E
distribution systems support, which also dates back to the early 1990s.
"For many years Ferrari has collaborated with Delphi in developing and co-
designing the most robust E/E systems and components, and similar to the
previous programs on which we've worked together, the technology for the 599
meets the customer's very high performance and quality demands," said Stefaan
Vandevelde, managing director of European operations for Delphi Packard
Electric. He noted that the 599 marked the introduction of CAD CATIA design
system usage between Delphi and Ferrari. "This allowed us the use of 3D
virtual layout and brought advanced technical advantages and greater cost
effectiveness, with the evaluation of different options best optimized for the
vehicle's architecture before the availability of the prototypes."
Delphi's approach to the new 599 GTB's E/E architecture resulted in
several unique design characteristics. For example, the electrical centers
designed and produced by Delphi have been positioned in the cockpit, due to
the lack of available space under the hood, taken up completely by Ferrari's
powerful 12-cylinder, 6.0L engine. Additionally, a new system was employed in
the door-to-body electric connection to manage the side airbag function.
As announced during the Ferrari press conference at Geneva Motor Show, on
Tuesday, February 28, 2006, the new Ferrari 599 includes Delphi's
revolutionary MagneRide Controlled Suspension System, which captures the "gran
turismo" feeling of Ferrari's legendary vehicles.
Using patented shock absorbers filled with a proprietary controllable
fluid, the system offers increased damping tuning capability and speed of
response over valve-based controlled suspension systems.
This means better transient handling -- both for turn-in and yaw stability
-- and superior road isolation that will result in increased driver comfort.
Drivers will also experience a more precise steering feel and control of the
vehicle even at top speeds.
For more information about Delphi Corporation (Pink Sheets: DPHIQ), visit
Delphi's media room at 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:
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Company News On-Call:
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CONTACT:
Patrizia Pocaterra (Italy), (39) 051 6906145,
or Andrea Knapp (USA), +1-248-813-2985, both of Delphi Corp.
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