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Delphi Audio Systems Help Commercial Fleet Owners Enhance Cabin Comfort and Convenience
(Marketwire Via Acquire Media NewsEdge) TROY, MI, October 8 / MARKET WIRE/ --
Delphi Corporation (PINKSHEETS: DPHIQ) provides
audio systems that are "road-tough" with multi-functionality to meet the
needs of commercial truck drivers, manufacturers and fleet owners.
Trends show that fleet owners are enhancing the cabin of the truck by
adding comfort and convenience features to attract the best drivers. Delphi
audio systems are among the most popular upgrades for tractor cabins
because of the systems' robust quality and multi-feature capability.
"Our aim is to offer the industry's best driver environment," says Christer
Pehrsson, business area manager for long-haul operations at Volvo Trucks.
"This naturally includes a high-class audio system. Our new Delphi audio
system offers many features and has enabled Volvo to be the first truck
maker to develop a complete system that integrates Bluetooth, MP3, USB and
iPod."
"Providing entertainment and communications technologies is what we do best
-- everything from AM/FM to iPod interconnectivity," said Ken Erickson,
lead executive for the Entertainment & Communications product business unit
at Delphi. "Our lengthy experience in communications technologies started
72 years ago when we integrated the first radio into the instrument panel
of a customer's vehicle."
In addition to high-quality sound, Delphi audio systems equipped with
Bluetooth technology allow the driver to use a personal Bluetooth-enabled
mobile telephone in the vehicle hands-free. This helps to keep drivers'
hands on the steering wheel and eyes more focused on the road ahead.
Incoming calls appear on the radio display and voice is heard through the
radio speakers.
Delphi audio systems include CD players that accept regular CDs and discs
with files saved in MP3 and WMA format. They also include a USB port that
allows drivers to play memory sticks or MP3 players. The system features
command and control of an iPod from the steering wheel. It also recharges
the plug-in player and has a location to keep the MP3 player hidden to help
prevent theft.
A leader in satellite radio hardware, Delphi has provided more than
18.5-million satellite radios to customers. Satellite radio is the radio
medium that offers customers up to 170 channels of programming in addition
to the traditional AM/FM radio offerings in OEM applications. Programming
is beamed from satellites and includes a very wide variety of music, talk,
sports, news, traffic, weather and entertainment coast-to-coast in the U.S.
and Canada without fading. Several companies are currently in the process
of offering satellite service for Europe.
"Over the years, radios have evolved into multifunctional audio
communication systems," Erickson said. "Using core building blocks, we can
custom fit the features and functions that are important to a particular
customer and offer the system at a very competitive price."
A manufacturer of more than 283 million mobile radios, Delphi has
introduced an array of new wireless technologies. In the last 25 years
alone, Delphi has been at the forefront in the introduction of
multi-speaker, multi-amp premium audio, CD playbacks, DVD rear seat video,
MP3 playbacks, advanced TV reception systems and satellite radio into the
market. Delphi supplies both OEM and retail hardware for both domestic
satellite radio providers.
The trucking industry is very important to the U.S. economic system in that
approximately 92 percent of all products are transported on a truck at
least once. The industry employs more than three million drivers that
travel more than 400 billion miles annually.
For more information about Delphi, visit www.delphi.com.
FORWARD-LOOKING STATEMENTS
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 its advance agreement
with GM, to obtain an extension of term or other amendments as necessary to
maintain access to such facility and advance agreement; 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
achieve all of the conditions to the effectiveness of those portions of the
Amended and Restated Global Settlement Agreement and Amended and Restated
Master Restructuring Agreement with General Motors which are contingent on
Delphi's emergence from chapter 11; the ability of the Company to obtain
court approval to modify its amended plan of reorganization which was
confirmed by the Court on January 25, 2008 as set forth in its filing on
October 3, 2008 and to confirm such modified plan or any subsequent
modifications to the confirmed plan or any other subsequently confirmed
plan of reorganization and to consummate such plan; 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 as described in the proposed modifications to its plan of
reorganization as filed with the 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 Annual Report on Form 10-K for
the year ended December 31, 2007 filed with the SEC, 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.
CONTACT:
Milton Beach
1.765.451.0655Email Contact
Copyright ? 2008 Marketwire
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