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New Finance Director at Delphi Europe

26 April 1999

New Finance Director at Delphi Europe

    PARIS, April 26 -- Francois Degueldre will join Delphi
Automotive Systems as finance director of its European region, based in Paris.
Mr. Degueldre was previously chairman and chief executive officer of Honeywell
France, where he was responsible for a wide range of financial, marketing and
manufacturing operations.
    "With our spin-off from General Motors planned for May 28, the finance
director position will be critical to our success as an independent company,"
says Hans Weiser, president of Delphi Europe.  "Francois brings a lot of
experience from several very successful industries.  He will be a valuable
member of our senior management team and a key player in ensuring that we meet
our financial objectives."
    Delphi's European region had sales of $4.9 billion in 1998 and has
63 sites in 18 countries.  Parent company Delphi Automotive Systems had sales
of $28.5 billion in 1998 and is the world's largest supplier of automotive
technologies.  Acting Finance Director Ron Jones, who successfully guided
Delphi Europe through several quarters of profitable operation, will return to
the U.S. as soon as Mr. Degueldre has completed his familiarization.
    Delphi Automotive Systems , with headquarters in Troy,
Michigan, USA, is a world leader in automotive component and systems
technology.  Delphi's three business sectors -- Dynamics & Propulsion; Safety,
Thermal & Electrical Architecture; and Electronics & Mobile Communications --
provide comprehensive product solutions to complex customer needs.  Delphi has
more than 196,000 employees and operates 168 wholly owned manufacturing sites,
51 customer centres and sales offices and 27 technical centres 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.