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Delphi to Issue Unsecured Notes and Debentures

5 May 1999

Delphi Automotive Systems Corporation to Issue Unsecured Notes and Debentures

    TROY, Mich., May 4 -- Delphi Automotive Systems Corporation
today announced that it had completed the sale of $500 million in
principal amount of its 6 1/8% Notes due 2004, $500 million in principal
amount of its 6 1/2% Notes due 2009 and $500 million in principal amount of
its 7 1/8% Debentures due 2029.  Proceeds from the $1.5 billion sale of the
securities are being used for general corporate purposes, including repayment
of Delphi's outstanding indebtedness under its revolving credit facilities.
    Merrill Lynch & Co. and Morgan Stanley Dean Witter are the joint
bookrunners of the offering.  This announcement is neither an offer to sell
nor a solicitation of an offer to buy such securities.  Copies of the final
prospectus supplement relating to the offering may be obtained from Delphi
Automotive Systems Corporation, Attention: Investor Relations, 5725 Delphi
Drive, Troy, Michigan 48098, 248-813-2000.
    Delphi Automotive Systems Corporation ("Delphi") is a world leader in
automotive component and systems technology.  Delphi's three business sectors
-- Dynamics and Propulsion; Safety, Thermal and Electrical Architecture; and
Electronics and Mobile Communications -- provide comprehensive product
solutions to complex customer needs.  Delphi has more than 198,000 employees
and operates 168 wholly-owned manufacturing sites, 50 joint 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.