Delphi Board Eliminates Quarterly Dividend

TROY, Mich., Sept. 8 -- The Delphi Corp. Board of Directors announced the elimination of its quarterly dividend of $0.015 per share on Delphi $0.01 par value common stock for the remainder of the year.

The Board determined that the elimination of the dividend is the prudent course of action at this time to conserve liquidity during the company's current restructuring discussions surrounding its U.S. legacy liabilities and the challenging U.S. production volumes from Delphi's largest customer.

The Board will re-evaluate the company's dividend policy in the first quarter of 2006. For more information about Delphi, visit Delphi's website at http://www.delphi.com/ .