Bosal and Delphi Announce Strategic Exhaust Alliance

    TROY, Mich., and LUMMEN, Belgium, May 2 /PRNewswire/ -- Delphi Corp.
 (NYSE:   DPH) and Belgium-based Bosal Group announced today a new strategic
 alliance to offer complete exhaust systems for the global original equipment
 (OE) market.
     (Logo:  http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO )
     The non-equity based alliance, to be known as Bosal Delphi Complete
 Exhaust Systems, will bring together the specific expertise, facilities and
 resources of each party to offer a total customer solution around the globe
 for any vehicle program and all current fuel options.
     Delphi has extensive experience and resources in the design and
 manufacture of the "hot end" (manifold and catalyst, including manifold
 converters, diesel converters and spinforming technology), with Bosal
 recognized as a leader in the design and development of the "cold end" (from
 intermediate muffler to tailpipe.)
     Both companies are also recognized for their innovative approach and
 commitment to advanced technologies, such as Delphi's fragile substrate
 retention systems and Bosal's breakthrough cold-end innovation, the
 Lightweight Exhaust System.
     The alliance will retain and nurture current customer relationships, while
 future customers will access the alliance through one single initial point of
 contact.
     Bosal and Delphi will also cooperate through novel and cost-effective
 manufacturing arrangements which will allow each party to better meet customer
 supply contracts without the need for major infrastructure investment.
     "This is a very innovative and exciting alliance which will deliver
 significant added value to customers of both Delphi and Bosal," said Karel Bos
 (1961), CEO, Bosal Group.  "The alliance is an excellent technical, commercial
 and geographical 'fit', enabling us to respond faster, more cost-effectively
 and completely for our customers around the world.  It will also open up a
 wider customer base for our breakthrough cold end innovations which are
 delivering significant weight savings and other related benefits."
     "We welcome this alliance with Bosal, an independent Tier 1 supplier with
 recognized expertise in cold end exhaust applications," said John Fuerst,
 Delphi's exhaust systems business line executive.  "It will help us respond
 better to the needs of our global customer base for complete exhaust systems,
 by providing a single global point of access to an unrivalled wealth of
 expertise and resources, yet delivering locally through our shared
 infrastructure."
     The alliance will become effective upon completion of all relevant
 formalities under competition laws, including obtaining any required approvals
 from governmental authorities.  Both parties will begin making the necessary
 logistical and transitional activities to make the alliance seamless to
 customers, with scheduled completion in mid-2005.
 
     About Bosal Group
     Bosal is one of the world's leading manufacturers of car exhaust systems.
 Bosal also produces catalytic converters, tow bars, roof bars, jacks,
 precision steel tubing and warehouse racking systems.
     Established in 1923 in Alkmaar, the group is Dutch registered,
 headquartered in Lummen, Belgium.  The annual turnover in 2004 was in excess
 of euro 835 million.  The Bosal Group employs more than 6,200 people and has
 29 manufacturing plants and 15 distribution centres.
     For more information: http://www.bosal.com
 
     About Delphi
     For more information about Delphi and its operating subsidiaries, visit
 http://www.delphi.com/media .
 
     Delphi Forward Looking Statements
     All statements contained or incorporated in this press release which
 address operating performance, events or developments that we expect or
 anticipate may occur in the future (including statements relating to future
 sales or earnings expectations, savings expected as a result of our global
 restructurings or other initiatives, portfolio restructuring plans, volume
 growth, awarded sales contracts and earnings per share expectations or
 statements expressing general optimism about future operating results) are
 forward-looking statements within the meaning of the Private Securities
 Litigation Reform Act of 1995.  These statements are made on the basis of
 management's current views and assumptions with respect to future events.
 Important factors, risks and uncertainties which may cause actual results to
 differ from those expressed in our forward-looking statements are discussed in
 detail in our filings with the Securities and Exchange Commission, including
 our annual report on Form 10-K for the year ended December 31, 2003 and our
 disclosures filed regarding the status of the ongoing internal investigation
 being conducted by the audit committee of the Company's board of directors.
 In particular, the achievement of projected levels of revenue, earnings, cash
 flow and debt levels will depend on our ability to execute our portfolio and
 other global restructuring plans in a manner which satisfactorily addresses
 any resultant antitrust or labor issues and customer concerns, any contingent
 liabilities related to divestitures or integration costs associated with
 acquisitions, and other matters; the success of our efforts to diversify our
 customer base and still maintain existing GM business; the continued
 protection and exploitation of our intellectual property to develop new
 products and enter new markets; and our ability to capture expected benefits
 of our cost reduction initiatives so as to maintain flexibility to respond to
 adverse and cyclical changes in general economic conditions and in the
 automotive industry in each market we operate, including customer cost
 reduction initiatives, potential increases in warranty and raw material costs,
 pension contributions, healthcare costs, disruptions in the labor, commodities
 or transportation markets caused by terrorism or war and other changes in the
 political and regulatory environments where we do business.  Delphi does not
 intend or assume any obligation to update any of these forward-looking
 statements.
 
 

SOURCE Delphi Corporation; Bosal Group
RELATED LINKS
http://www.delphiauto.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.