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Delphi's Pension Plans Fully Funded

2 May 2000

Delphi's Pension Plans Fully Funded

             Contributions Since Independence Total $2.35 Billion

  Frees Future Cash Flow for Growth Initiatives to Enhance Shareholder Value

    TROY, Mich., May 2 Delphi Automotive Systems Corporation
(NYSE: DPH) today announced a $550 million voluntary cash contribution to its
U.S. hourly pension fund, bringing Delphi's pension plans overall to a fully
funded status and completing its pension funding initiative.  Voluntary cash
contributions to the U.S. hourly pension fund since Delphi separated from
General Motors Corporation on May 28, 1999 total $2.35 billion.
    "Delphi's strong cash flows in 1999 and the first four months of 2000
allowed us to accomplish our pension funding objectives 1.5 years ahead of
schedule," said Delphi Chairman, Chief Executive Officer and President J.T.
Battenberg III.  "Today's contribution completes our financial commitment to
our employees and investors by ensuring we have sufficient assets to cover our
pension obligations," said Battenberg.
    "For employees and their families, the completion of this funding
initiative sends an important signal that as a Delphi employee, their
retirement is secure," said Battenberg.  "For shareholders, the completion of
our voluntary pension funding program provides Delphi with increased
flexibility to use our strong cash flow for other shareholder value enhancing
initiatives," he said.
    Multi-national Delphi Automotive Systems, with headquarters in Troy,
Mich., USA, Paris, Tokyo and Sao Paulo, Brazil, 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 213,000 employees and operates 176 wholly owned manufacturing
sites, 41 joint ventures, 53 customer centers and sales offices and 30
technical centers in 38 countries.  Delphi can be found on the Internet at
http://www.delphiauto.com