Delphi Automotive Forecast Sales to General Motors in Mexico Incorrectly Reported on January 8, 2001 DELPHI AUTOMOTIVE LOGO Delphi Automotive Systems Wordmark. (PRNewsFoto)[AG] TROY, MI USA 10/19/2000
9 January 2001
Delphi Automotive Forecast Sales to General Motors in Mexico Incorrectly Reported on January 8, 2001 DELPHI AUTOMOTIVE LOGO Delphi Automotive Systems Wordmark. (PRNewsFoto)[AG] TROY, MI USA 10/19/2000The following information is intended to correct erroneous information contained in news reporting originating from media outlets in Mexico on January 8, 2001 TROY, Mich., Jan. 9 Delphi Automotive Systems officials today stated that January 8, 2001 news reports originating in Mexico concerning a decline in sales to General Motors as well as fifty percent production cuts in Mexico over two years are erroneous. (Photo: http://www.newscom.com/cgi-bin/prnh/20001019/DELPHIAS ) The company does not foresee any significant change in production volumes or employment beyond the impact of normal economic cycles and planned productivity improvements. The company expects sales revenue per General Motors vehicle to remain comparable to previous levels and in line with previous guidance. Multi-national Delphi Automotive Systems, with headquarters in Troy, Mich., USA, Paris, Tokyo and Sao Paulo, Brazil, is a world leader in mobile electronics and transportation 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 216,000 employees and operates 179 wholly owned manufacturing sites, 41 joint ventures, 53 customer centers and sales offices and 31 technical centers in 39 countries. Delphi can be found on the Internet at http://www.delphiauto.com .