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Delphi's Long-Standing Relationship with Renault Strengthened Through Growing E/ED Systems Support

Newest Contract to Provide Complete Content for Upcoming Small Car

PARIS, Sept. 24 -- Delphi Corp. has earned a USD $180 million contract with Renault to provide the complete electrical/electronic distribution system for a future Renault vehicle slated for the B-segment -- small vehicles platform. Renault has occupied a leadership position for many years in this segment for its design, interior space, performance and value. Already a long-standing supplier of electrical/electronic distribution (E/ED) systems to the Renault group, Delphi further strengthens its relationship with the first European brand.

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"Renault continues to be a prominent leader in developing vehicles that take style and interior space design to new levels, something that appeals very strongly to consumers throughout the region," said Stefaan Vandevelde, Delphi Packard Electric managing director of Europe, Middle East and Africa.

With this future program, Delphi Packard Electric has grown its new business with Renault in Europe to USD $790 million since 2001. Vandevelde noted that Delphi Packard Electric's ability to earn Renault's confidence on programs critical to its growth objectives in Europe is based on the capability to provide strong value and activities that reinforce the customer's prospects to be competitive in the marketplace.

Also important, he added, is Delphi Packard Electric's long-running engineering relationship on numerous past and current projects, which has frequently demonstrated the ability to address design issues and challenges early in the vehicles' development, and to ensure successful vehicle launches.

"We have had very good relationships at all stages of our projects on the engineering activities. When you establish that kind of confidence with the customer so far up front of vehicle's final design, you move with authority from 'supplier' to 'partner,' which will position a supplier to grow," Vandevelde said. "We are very encouraged to have so significantly earned Renault's confidence on these programs over the last few years, and we continue to enjoy a partnership with Renault that has, and will, afford us great opportunities for continued growth in Europe."

Delphi Packard Electric currently provides E/ED systems support for the Renault Clio and Twingo passenger cars, both part of the automaker's small car segment (it has supported the Twingo since 1993). It also supplies engine harnesses for the now-launching Renault Modus, a new monospace offering in the B-segment that represents the latest in a long line of small Renault models that blends spacious interior characteristics with a compact wheelbase.

For more information about Delphi visit http://www.delphi.com/media .

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 restructurings 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, 2003. 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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