Delphi at Car & Sound 2007: Delphi Grundig CarCine, TMC Upgrade Kit 210 and X-Line are the keywords with respect to trend-setting infotainment
The season premiere for Delphi Grundig product innovations in the multimedia, navigation and car audio segment CarCine is and will remain the Delphi Grundig focal point with respect to multimedia. With the Delphi Grundig CarCine Top Vision 840, Delphi will be presenting a new 8" roof-mounted monitor with integral DVD player and USB connector. Various connections and enhancement options, such as playing videos via USB, add to the features of this multi-format device. Further highlights in the multimedia sector are the CarCine TFT 720 7" slimline monitor and the multi-format device and 1-DIN DVD player, CarCine DVD 210. Both components can be seamlessly integrated into the vehicle interior and turn every car journey into a cinema experience.
As far as navigation is concerned, Delphi made an excellent start in the new 2007 car infotainment season with the two new portable Delphi Grundig NAV210W and NAV210E navigation systems already at the end of 2006. The two units are now also available with the Delphi Grundig TMC Upgrade Kit 210. Thanks to TMC Upgrade Kit 210 and the associated use of premium TMC services, nearly all traffic hold-ups on motorways are reported within 10 minutes and traffic jam avoidance will be faster and even more effective. The TMC Upgrade Kit 210 uses one of the first mobile navigation software programmes to not only process the regular TMC (Traffic Message Control) messages, but also use the premium TMC services from TMCpro (Germany), Trafficmaster (Great Britain) and Premium Service (France).
In the car audio sector, the highlight of the Delphi Grundig X family, the 1 DIN CD/MP3 tuner X350 BT, will be enhanced by an innovative software feature called X350 Update Scout. Since the life cycle of mobile phones is much shorter than those of car audio systems, the X350 BT can be updated to all common mobile phone brands* coming to market with new models in the future thanks to the X350 Update Scout. Then the customer can purchase a new mobile phone without having to worry about abandoning the innovative telephone features of the Delphi Grundig X350 BT. The customer can also find regularly software updates for the integrated Parrot Bluetooth receiver on the Delphi Grundig website at www.delphigrundig.com. The software update can be executed via Bluetooth either by the customer or a Delphi Grundig dealer.
* The Delphi Grundig X350 BT is compatible with most of the common Bluetooth mobile phones available in the market from manufacturers such as Blackberry, HP, imate, LG, Motorola, Nokia, Qtek, Palm, Panasonic, Philips, Sagem, Samsung, Sendo, Sharp, Siemens, Sony Ericsson, SPV, Telital etc.
Further information can be found on the internet under www.delphi.com or www.delphigrundig.com
FORWARD LOOKING STATEMENT This press release, as well as other statements made by Delphi may contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company's operations and business environment which may cause the actual results of the Company to be materially different from any future results, express or implied, by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the ability of the Company to continue as a going concern; the ability of the Company to operate pursuant to the terms of the debtor-in-possession financing facility; the Company's ability to obtain Court approval with respect to motions in the chapter 11 cases prosecuted by it from time to time; the ability of the Company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the chapter 11 cases; the Company's ability to satisfy the terms and conditions of the Equity Purchase and Commitment Agreement; the Company's ability to satisfy the terms and conditions of the Plan Framework Support Agreement (including the Company's ability to achieve consensual agreements with GM and its U.S. labor unions on a timely basis that are acceptable to the Plan Investors in their sole discretion); risks associated with third parties seeking and obtaining Court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, for the appointment of a chapter 11 trustee or to convert the cases to chapter 7 cases; the ability of the Company to obtain and maintain normal terms with vendors and service providers; the Company's ability to maintain contracts that are critical to its operations; the potential adverse impact of the chapter 11 cases on the Company's liquidity or results of operations; the ability of the Company to fund and execute its business plan (including the transformation plan described in Item 1. Business "Potential Divestitures, Consolidations and Wind-Downs" of the Annual Report on Form 10-K for the year ended December 31, 2005 filed with the SEC) and to do so in a timely manner; the ability of the Company to attract, motivate and/or retain key executives and associates; the ability of the Company to avoid or continue to operate during a strike, or partial work stoppage or slow down by any of its unionized employees and the ability of the Company to attract and retain customers. Additional factors that could affect future results are identified in the Annual Report on Form 10-K for the year ended December 31, 2005 filed with the SEC including the risk factors in Part I. Item 1A. Risk Factors, contained therein. Delphi disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise.
Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company's various prepetition liabilities, common stock and/or other equity securities. Additionally, no assurance can be given as to what values, if any, will be ascribed in the bankruptcy cases to each of these constituencies. A plan of reorganization could result in holders of Delphi's common stock receiving no distribution on account of their interest and cancellation of their interests. In addition, under certain conditions specified in the Bankruptcy Code, a plan of reorganization may be confirmed notwithstanding its rejection by an impaired class of creditors or equity holders and notwithstanding the fact that equity holders do not receive or retain property on account of their equity interests under the plan. In light of the foregoing, the Company considers the value of the common stock to be highly speculative and cautions equity holders that the stock may ultimately be determined to have no value. Accordingly, the Company urges that appropriate caution be exercised with respect to existing and future investments in Delphi's common stock or other equity interests or any claims relating to prepetition liabilities.
Delphi Deutschland GmbH
Delphi ist das weltweit führende Unternehmen für Mobilelektronik, Transportkomponenten und Systemtechnologie. Delphi stellt seit 1936 Radiogeräte her und fertigt zurzeit jährlich über 7 Mio. Empfänger für Originalhersteller – insgesamt mehr als 270 Mio. seit Produktionsbeginn. Ferner hat Delphi hat eine Vorreiterrolle für eine Reihe von neuen Funktechnologien übernommen: erstmaliger Einbau eines Radios in die Instrumententafel eines Fahrzeugs, das erste Radio mit mechanischen Tasten, das erste Radio mit erfolgreichem Sendersuchlauf, die Einführung des ersten Radios mit Sendersuchlauf und Einstellung von bevorzugten Sendern, die Einführung des ersten vollständig transistorisierten Radios, DVD-Unterhaltung für den Rücksitzbereich in Fahrzeugen, elektronische Feinabstimmung, MP3-Wiedergabe und das erste werkseitig installierte mobile Satellitenradio.
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