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Delphi Board Declares First Quarterly Dividend

10 June 1999

Delphi Board Declares First Quarterly Dividend

    TROY, Mich., June 9 -- The Delphi Automotive Systems
Board of Directors today declared a quarterly dividend on Delphi
$0.01 par value common stock of $0.07 per share.  The dividend -- Delphi's
first -- is payable July 20, 1999 to shareholders of record as of June 21,
1999.
    "The dividend is in line with what had been indicated in our prospectus
and represents our commitment to provide value to our shareholders," said
Delphi Chairman, Chief Executive Officer and President J.T. Battenberg III.
    Delphi currently has 565 million shares of common stock outstanding.  The
company sold 100 million shares of common stock in an initial public offering
on February 5, 1999.  Former Delphi parent General Motors Corp.
distributed 452.6 million Delphi shares to GM shareholders on May 28, 1999, in
a tax-free spin-off.  The remaining 12.4 million shares of outstanding Delphi
$0.01 par value common stock were distributed, also on May 28, 1999, by GM to
a Voluntary Employee Beneficiary Association (VEBA) trust.
    Delphi Automotive Systems, with headquarters in Troy, Mich., 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
centers and sales offices, 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.