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1999 Contributions to Delphi Hourly Pension Fund Exceed $1 Billion

17 December 1999

1999 Contributions to Delphi Hourly Pension Fund Exceed $1 Billion
    TROY, Mich., Dec. 17 -- Delphi Automotive Systems
today announced it has used a portion of its strong year-to-date
cash flow to pre-pay an additional $325 million to its U.S. hourly pension
fund on December 15.  This contribution brings total voluntary payments for
the year to $1.2 billion.
    Delphi Chief Financial Officer Alan S. Dawes credited improvements in
working capital and ongoing solid earnings for the strong cash flow that
allowed Delphi to make the contribution.
    "Our continued strong cash flow levels have allowed us to further exceed
federal regulatory minimum requirements for pension funding and aggressively
pursue fully funding pension funds," said Dawes.
    "These contributions deliver value to our investors by positively
influencing earnings in 2000 and beyond.  Importantly, they show our employees
that we are committed to funding employee pension plans so they can maintain
their standard of living and continue to provide for themselves and their
families," he continued.
    Delphi Automotive Systems, headquartered in Troy, Mich., USA, is a world
leader in automotive components 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 36
countries.  Regional headquarters are located in Paris, Tokyo and Sao Paulo,
Brasil.  Delphi can be found on the Internet at http://www.delphiauto.com .