Ford Trucks Join Delphi's Growing List of Satellite Audio OEM Customers
Delphi Continues to Increase Satellite Radio Penetration By Providing Ford with SIRIUS Units
LAS VEGAS, Jan. 8 -- Delphi Corp. announced that it has added Ford as a new customer for its satellite radio units at the 2004 International Consumer Electronics Show. Ford will offer SIRIUS satellite radio content with Delphi audio systems for two of its popular 2006 model year truck platforms.
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Ford joins the satellite radio revolution along with eight other original equipment manufacturers that Delphi provides with satellite radios. Delphi also supplies Ford with other audio and mobile multimedia products.
"We are extremely excited that Ford has selected Delphi to supply their sophisticated and rugged truck platforms with our SIRIUS satellite audio systems," said Jeff Owens, president of Delphi Electronics & Safety. "Our division was created around audio many years ago and our experience shows that satellite radio is one the fastest growing areas for audio technology. It is great to be partnering with Ford on this new opportunity."
Satellite radio allows listeners to enjoy a variety of more than 100 channels of digital quality broadcasts without geographical fading of reception. Satellite radio revolutionized traditional radio when it came on the market two years ago and is one of the fastest growing entertainment features demanded by consumers.
Delphi installed the first in-dash radio in 1936 and has excelled in making quality audio systems for more than 68 years. Delphi has shipped more than 1.8 million OEM and retail satellite radio units since the technology's introduction in 2002. Since its inception, Delphi has produced more than 250 million audio units. Delphi develops and produces telematics, advanced satellite radios, smart radios and rear-seat entertainment systems, among other consumer electronics systems for the vehicle.
For more information on Delphi, visit Delphi Corp. at www.delphi.com .
* Digital satellite radio requires an activation and monthly fee and satellite reception may be unavailable if the signal from the satellite is obstructed (e.g. the car is in a tunnel).
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, savings expected as a result of our global restructuring or other initiatives, portfolio restructuring plans, volume growth, awarded sales contracts and earnings per share expectations 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, 2002. In particular, the achievement of projected levels of revenue, earnings, cash flow and debt levels will depend on our ability to execute our portfolio and other global restructuring plans in a manner which satisfactorily addresses any resultant antitrust or labor issues and customer concerns, any contingent liabilities related to divestitures or integration costs associated with acquisitions, and other matters; the success of our efforts to diversify our customer base and still maintain existing GM business; the continued protection and exploitation of our intellectual property to develop new products and enter new markets; and our ability to capture expected benefits of our cost reduction initiatives so as to maintain flexibility to respond to adverse and cyclical changes in general economic conditions and in the automotive industry in each market we operate, including customer cost reduction initiatives, potential increases in warranty costs, pension contributions, healthcare costs, disruptions in the labor, commodities or transportation markets caused by terrorism or war and other changes in the political and regulatory environments where we do business. Delphi does not intend or assume any obligation to update any of these forward-looking statements.
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