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Technology Development Agreements Signed By Hyundai and Delphi

27 March 2000

Technology Development Agreements Signed Between Hyundai and Delphi Automotive Systems

    DETROIT, March 27 Delphi Automotive Systems
announced today that Delphi and Hyundai Motor Corp. have signed three
technology development agreements.  The announcement was made by James A.
Maniscalco, general director of engineering, Delphi Interior Systems, a
division of Delphi Automotive Systems.
    "Innovation is a key factor for automakers in attracting final consumers
and gaining advantage over the competition," said Maniscalco.  "These
agreements will allow Hyundai and Delphi to conduct extensive and proprietary
research on innovative projects in several product areas, including modular
cockpits, advanced airbag systems, and specialty power products."
    The agreements establish a framework that will allow better anticipation
of and reaction to market demand in product portfolio development and vehicle
design concepts.
    "The modular cockpit agreement is an opportunity for Delphi to demonstrate
its instrument panel structure and cockpit technologies and to work
cooperatively with Hyundai in developing concepts for future vehicle
applications," said Timothy Hamashuk, product line director, interior systems,
Delphi Automotive Systems.
    "Through the cockpit development contract, Delphi will also increase its
knowledge of integrated systems within a global vehicle application.  What we
learn will help Delphi to become a more flexible supplier."
    Under the agreements, Hyundai will be able to leverage Delphi's advanced
development and test capabilities in interior systems, occupant protection
systems and power products to create unique concepts for Hyundai customers.
    Delphi Automotive Systems, headquartered in Troy, Mich., USA, is a world
leader in transportation and mobile electronics components and systems
technology.  Delphi's three business sectors -- Dynamics & Propulsion; Safety,
Thermal & Electrical Architecture; and Electronics & Mobile Communication --
provide comprehensive product solutions to complex customer needs.  Delphi has
approximately 213,500 employees, and operates 175 wholly owned manufacturing
sites, 41 joint ventures, 53 customer centers and sales offices and 27
technical centers in 38 countries.  Regional headquarters are located in
Paris, Tokyo and Sao Paulo, Brazil.  Delphi can be found on the Internet at
http://www.delphiauto.com