Delphi Shows How To Lower Cost and Simplify Assembly With Integrated Instrument Panel at 2006 Convergence
TROY, Mich., Oct. 17, 2006 -- Delphi Corporation is helping vehicle makers lower their cost and simplify assembly with its one-piece instrument panel center stack. The panel offers significant cost savings when compared with the cost of individually installed components. It also provides a uniform look in the interior. Delphi is demonstrating the technology at the 2006 Convergence show in Detroit at Cobo Center, Wayne Hall, at exhibit #100.
This Delphi innovation replaces separate HVAC, radio, entertainment and communications, accessory switches and other functional switches with one single mechatronic module. This allows for reduction in wiring harness cost and mass. It also provides easier vehicle assembly. Delphi can supply multiple versions of the panel from a common base design that reduces tooling costs and increasing savings for customers.
"In an increasingly crowded and fierce market, we are continuously looking for ways to help our customers add value to their products," said Jugal Vijayvargiya, product business unit vice president, Delphi Controls & Security. "Our Integrated Instrument Panel Center Stack is another great example of how we are focusing on innovation and up-integration to help make our customers more competitive."
Delphi's Integrated Instrument Panel helps vehicle makers eliminate much of the clutter on the instrument panel. It also enhances the interior aesthetics, lighting, feel and quality of the vehicle. By offering more packaging options, the unit helps customers differentiate their vehicles from their competitor's vehicles. The Integrated Instrument Panel Center Stack is a continuation of the shift to more robust, modular mechatronics systems and represents an important step forward for OEMs in regards to multiple switch integration.
"Delphi continues to further develop this branch of multiple switch integration mechatronics," said Vijayvargiya. "Electronic functions are being integrated into control modules, bringing added value to the customer."
Delphi's Integrated Instrument Panel is available with touch screen and traditional switching interfaces. Delphi can integrate switch functions for a centrally mounted touch screen that allows for intuitive selection of climate, audio, navigation, telephone and vehicle personalization settings or utilize traditional switches for these functions.
The Delphi innovation also includes a variety of switches for a second set of controls for the climate control system, CD loader and player and stereo. The Delphi system can automatically distinguish between the driver and passenger selections. Complexity is reduced through the elimination of multiple interfaces, with only one controller area network (CAN) serial bus utilized for high-speed data transmission.
Delphi's Advantage
The possibility of having a single supplier, with system and vehicle- integration expertise, provide all of the switch functions in a single package is important to improving overall quality and ensures easier assembly and in- car installation. A single module improves overall appearance and design harmony. The completed module also helps reduce customer logistics concerns, since the integration of numerous components is carried out in advance.
For more information about Delphi (Pink Sheets: DPHIQ), visit http://www.delphi.com/ .
FORWARD-LOOKING STATEMENT
This press release, as well as other statements made by Delphi may contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, 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. 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 ("DIP") financing facility; the company's ability to obtain court approval with respect to motions in the chapter 11 proceeding prosecuted by it from time to time; the ability of the company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 cases; 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 execute its business plans, including the transformation plan described in the Company's March 31, 2006 press release, and to do so in a timely fashion; 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; and the ability of the company to attract and retain customers. Other risk factors are listed from time to time in the company's United States Securities and Exchange Commission reports, including, but not limited to the Annual Report on Form 10-K for the year ended December 31, 2005. 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 pre-petition liabilities, common stock and/or other equity securities. Additionally, no assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these constituencies. A plan of reorganization could result in holders of Delphi's common stock receiving no distribution on account of their interest and cancellation of their interests. Under certain conditions specified in the Bankruptcy Code, a plan of reorganization may be confirmed notwithstanding its rejection by an impaired class of creditors or equity holders and notwithstanding the fact that equity holders do not receive or retain property on account of their equity interests under the plan. In light of the foregoing and as stated in its October 8, 2005, press release announcing the filing of its Chapter 11 reorganization cases, the company considers the value of the common stock to be highly speculative and cautions equity holders that the stock may ultimately be determined to have no value. Accordingly, the company urges that appropriate caution be exercised with respect to existing and future investments in Delphi's common stock or other equity interests or any claims relating to pre-petition liabilities.
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