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Delphi and Lear Sign Letter of Intent

24 February 1998

Delphi and Lear Sign Letter of Intent

    DETROIT, Feb. 24 -- Delphi Automotive Systems and Lear
Corporation announced today that the two companies have signed a
letter of intent for Lear to acquire Delphi's seating business.
    The letter paves the way for the two companies to begin negotiations that
would lead to a final sale sometime during the second quarter of 1998.
    Delphi announced in September 1997, that it would begin discussions with
potentially interested purchasers of both its seating and light business.
    Delphi Automotive Systems, with headquarters in Troy, Mich., USA, is the
world's most diversified supplier of automotive components and systems.  With
the recent integration of Delphi Delco Electronics Systems, Delphi operates
208 manufacturing facilities, 46 ventures and 27 technical centers in 36
countries.  Regional headquarters are located in Paris, Tokyo and Sao Paulo.
Delphi can be found on the Internet at http://www.delphiauto.com.
    A Fortune 500 company, Lear Corporation is one of the world's largest
automotive interior suppliers, with 1997 sales of over $7.3 billion.  The
company's world class products are designed, engineered and manufactured by
more than 50,000 employees in over 170 facilities located in 25 countries.
Information about Lear and its products is available on the Internet at
http://www.lear.com.

SOURCE  Lear Corporation