Delphi Retains W.Y. Campbell & Company to Coordinate Sale Process for Brake Business
Release Date: July 14, 2008
TROY, Mich. - Delphi Corp. (PINKSHEETS: DPHIQ) announced today the retention of W.Y. Campbell & Company to explore sale opportunities for Delphi's Brake business.
Delphi's Brake business has estimated 2008 revenue of $295 million and provides fully integrated brake system solutions to customers as well as engineered components tailored to customer requirements.
Delphi's Brake business has more than 1,000 employees globally throughout three manufacturing and assembly facilities located in Juarez, Mexico and Shanghai, China. The business also has technical centers in Shanghai, China; Brighton, Michigan; and Dayton, Ohio.
Parties interested in Delphi's Brake business should contact, Cliff Roesler, Managing Director, W.Y. Campbell & Company at 313.496.9000 or croesler@wycampbell.com.
For more information about Delphi, visit www.delphi.com.
FORWARD LOOKING STATEMENTS
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. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expects,"
"plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue," the negative of these terms and other comparable
terminology. 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 and its advance agreement with GM, to obtain an extension of term or other amendments as
necessary to maintain access to such facility and advance agreement; 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 consummate its amended plan of
reorganization which was confirmed by the Court on January 25, 2008 or any other subsequently confirmed plan of reorganization; 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 "Plan of
Reorganization and Transformation Plan" of the Annual Report on Form 10-K for the year ended December 31, 2007 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 or those
of its principal customers 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, 2007 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.
Lindsey Williams
1.248.813.2528
