Delphi Secures $388 Million in New Halfshaft Business Strengthening Its Global Market Position

$1 billion in new business since start of 2002

SAGINAW, Mich., Nov. 14 -- Delphi Corp. has strengthened its position in the halfshaft market by securing several new business contracts and renewing five other contracts across North America and Asia Pacific. The new business secured will bring Delphi an additional $388 million over the life of the contracts. This adds to the strong $621 million booked in 2002.

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The new and retained contracts include a variety of small, mid-luxury and light truck halfshaft applications, which utilize standard to premium constant velocity joint technology. Delphi has nearly forty years of experience integrating halfshafts into vehicle systems, resulting in a unique combination of technological expertise and global capability to manufacture halfshaft products. The ability to win these opportunities demonstrates Delphi's competitiveness, market commitment, customer focus and position as an industry leader in the design and manufacture of halfshafts.

"Delphi's halfshaft business continues to strengthen as a result of our focus on providing our customers the best total solution. Our established experience in vehicle systems integration, as well as our global footprint for manufacturing flexibility, position us for further market growth," said James Ray, business line executive for halfshafts and aftermarket.

  For more information about Delphi, visit www.delphi.com/vpr .

  Forward Looking Statement

All statements contained or incorporated in this press release which address operating performance, events or developments that we expect or anticipate may occur in the future (including statements relating to future sales or earnings expectations, volume growth and awarded sales contracts or statements expressing general optimism about future operating results) are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's current views and assumptions with respect to future events. Important factors, risks and uncertainties which may cause actual results to differ from those expressed in our forward-looking statements are discussed in detail in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2001. In particular, the achievement of projected levels of revenue over a long-term supply contract will depend in part on vehicle production rates which may be affected by, among other things, changes in operations, financial condition or market share of our customer and changes in general economic conditions, changes in the automotive industry and changes in our ability to satisfy service, technology, quality and reliability requirements. Delphi does not intend or assume any obligation to update any of these forward-looking statements.

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