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Delphi and Ashimori Announce Teaming Agreement to Expand Seat Belt Business

3 August 1999

Delphi and Ashimori Announce Teaming Agreement to Expand Seat Belt Business
    TROY, Mich., Aug. 2 -- Delphi Automotive Systems
and Ashimori Industry Co. Ltd. today announced that the two companies have
signed a teaming agreement that focuses the technical, production, and
marketing capabilities of the two companies on developing new business
opportunities in automotive seat belts.  The announcement was made jointly by
Rodney O'Neal, president of Delphi Interior Systems and vice president of
Delphi Automotive Systems, Shigeo Ashimori, chairman of Ashimori Industry Co.
Ltd., and Hirokazu Yamada, president of Ashimori Industry Co. Ltd.
    "Delphi is pleased to team with Ashimori, a reputable, independent company
with proven technical capabilities in seat belt technology and world class
product quality," said O'Neal.  "I am confident that, working together,
Ashimori and Delphi will take advantage of the growing opportunities in the
seat belt market."
    "I am honored that my company has entered an agreement with a global
automotive occupant protection systems supplier such as Delphi," said chairman
Ashimori.  "I have every expectation that the pairing of our two companies
will be an unbeatable combination in this increasingly competitive market."
    Ashimori Industry Co., Ltd., based in Osaka, Japan was established in
November 1878, and restructured as a public company in December 1935.  The
company celebrated its 120th anniversary last year.  Ashimori is a
manufacturer of airbags, seat belts, fire hoses, and industrial textile
products, including industrial timing belts and rope, and has a unique
technology of pipeline relining systems.  Ashimori's 1998 sales exceeded
US$200 million.  The company has six consolidated subsidiaries, four in Japan
and two overseas.
    Delphi Interior Systems, a division of Delphi Automotive Systems, is a
full system integrator with advanced capabilities in occupant protection
systems, steering wheels, and cockpit and door modules -- selling throughout
the world.  Delphi Interior is a leading global supplier of interior systems
and the only major supplier of both interior systems and occupant protection
systems.
    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 approximately 201,000
employees and operates 168 wholly owned manufacturing sites, 38 joint
ventures, 51 customer centers and sales offices, and 27 technical centers in
37 countries.  Regional headquarters are located in Paris, Tokyo and Sao
Paulo.  Delphi can be found on the Internet at http://www.delphiauto.com