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Non-Tech : Delphi Automotive Systems (DPH) -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (256)	6/18/2001 11:31:16 AM
From: JakeStraw	Respond to of 397

BWAC, I like the diversification away from being a "pure" auto-parts manufacturer...

To: BWAC who wrote (256)	6/19/2001 2:45:40 PM
From: JakeStraw	Respond to of 397

Delphi Reiterates Guidance for Second Quarter Performance and Addresses Full Year Outlook biz.yahoo.com SAGINAW, Mich., June 19 /PRNewswire/ -- Delphi Automotive Systems (NYSE: DPH - news) Chairman, CEO and President J.T. Battenberg III, and other Delphi senior executives, hosted a lean manufacturing session and general business update for security analysts and institutional investors here today. During the afternoon session, Chief Financial Officer Alan S. Dawes will reiterate and refine the company's second quarter and calendar year financial performance outlook. An audio webcast, as well as Dawes' presentation, will be available in conjunction with the business update beginning at 3:00 p.m. EDT today. The webcast may be accessed through the Investor Relations page of Delphi's website at delphiauto.com . (Photo: newscom.com ) Addressing the second quarter, Dawes said, ``Over the last 90 days, North American vehicle production has generally progressed as we anticipated, but we continue to see weakness in U.S. aftermarket sales and evidence of softening vehicle demand in Europe.'' Dawes said ongoing cost reduction actions by Delphi, leveling of vehicle production volumes in the United States, as well as stronger than expected consumer spending are expected to help Delphi meet its goals during the second quarter. Delphi intends to announce second quarter financial results on July 18. For 2Q 2001, Dawes said he expects Delphi to perform at the low end of the company's prior guidance range of net income of $160 million to $200 million on revenues between $6.8 billion to $6.9 billion. He said Delphi expects second quarter operating cash flow before cash restructuring costs at the low end of the $300 million to $400 million range. Dawes noted that First Call consensus estimates for the second quarter as of June 18 are below the low end of the company's prior guidance range. In addition, Dawes said the company's headcount restructuring plans to reduce global employment by 11,500 people are on track. ``During the quarter, more than 2,400 employees are expected to separate from the company, giving us a 38 percent completion rate on the restructuring initiatives through the first half of 2001.'' Delphi anticipates an additional 5,700 to 6,200 employees to separate during the second half of the year, with the balance to occur by the end of the first quarter in 2002. The impact of employee separation cash costs is expected to be less than $175 million during the quarter, with $250 million to $350 million for the full year. Dawes said First Call consensus estimates for the calendar year as of June 18 are directionally in line with Delphi's estimates, given the current progress of restructuring related actions. He said it was reasonable to expect the company to earn calendar year net income in the range of $367 million on revenues of $26.5 billion, and to generate operating cash flow of $750 million, before the impact of restructuring and impairment charges. However, he indicated that the organization is working to increase earnings levels. ``Production schedule leveling, ongoing portfolio actions and continued progress on restructuring plans during the next six months may provide additional earnings upside opportunities,'' Dawes said.

To: BWAC who wrote (256)	6/21/2001 9:33:47 AM
From: JakeStraw	Respond to of 397

Delphi to Supply Engine Management Systems to China Engine Corporation System Includes Introduction of Next Generation Engine Control Module, Multec III Fuel Injectors biz.yahoo.com FLINT, Mich., June 21 /PRNewswire/ -- Delphi Automotive Systems (NYSE: DPH - news) today announced it signed a multi-year contract with China Engine Corporation in Taiwan, to supply engine management systems (EMS) for 1.6 and 2.0 L engines. The engines will be applied to the Taiwanese Motor Maker's vehicles with production beginning in 2004. The contract is worth approximately $76 million to Delphi. All vehicles are intended for the Asia Pacific market. (Photo: newscom.com ) ``Asia Pacific is a key region for Delphi,'' said Guy C. Hachey, president of Delphi Energy & Chassis Systems. ``We continue to build our customer base by leveraging our ability to supply technology that meets the diverse needs of our global customers. Delphi designs engine management systems with the customer, in this case, China Engine Corporation, and for the customer, based on both market and legislative requirements.'' Engine management is the science of equipping and calibrating an engine to achieve clean exhaust emissions while providing the best possible performance, fuel economy and driveability. This particular program includes the launch of two key Delphi technologies including a generation III engine control module (ECM), and Multec III fuel injectors. The ECM will provide a 32-bit processor, allowing more power and speed than the generation II. The Multec III fuel injectors are smaller and more compact than previous injectors. ``Delphi will work with a government-sponsored research institute in Taiwan, ITRI and China Engine Corporation, on the calibration and execution of this program,'' said Choon T. Chon, president of Delphi Automotive Systems, Asia Pacific. ``While we can help our customer stay competitive with Delphi's unique systems approach to engine management, our partnership with ITRI will ensure that the system satisfies and possibly exceeds all government requirements.'' In China, Delphi operates 15 joint ventures and wholly owned manufacturing facilities, three customer service centers, one technical center and one training center. Delphi China currently supplies all major automakers in China. Twelve of its 15 ventures in China have been awarded QS 9000 and/or ISO 9000 certificates. The EMS project with China Engine Corporation involves 17 Delphi technologies. Delphi has been supplying engine management systems since 1985 to customers around the world.

To: BWAC who wrote (256)	6/27/2001 8:12:55 AM
From: JakeStraw	Read Replies (1) \| Respond to of 397

Delphi Secures New Steering Column Business With Ford Motor Company biz.yahoo.com TROY, Mich., June 27 /PRNewswire/ -- Delphi Automotive Systems (NYSE: DPH) strengthens its position as a leader in the global steering column market by winning a high volume new business contract with Ford Motor Company. This new contract for Delphi's energy absorbing steering columns for a future model Ford vehicle is Delphi's first U.S. steering-related contract with Ford. (Photo: newscom.com ) A global leader in systems integration and energy absorbing technology, Delphi has also won several other new steering contracts with other leading automakers in Europe, Brazil and India during the past six months representing nearly $75 million over the contract life. ``Delphi's knowledge in vehicle structure and electrical architecture plays a key role in our ability to meet our customers' steering column requirements,'' stated Paul J. Tosch, president of Delphi Saginaw Steering Systems and vice president of Delphi Automotive Systems. ``This knowledge coupled with more than nine decades of experience and leading edge column technology positions Delphi with a strong competitive advantage in the marketplace.'' The first to introduce tilt-wheel steering column technology in 1962, Delphi leads the industry in steering column global market share with more than 50,000 columns produced each day in 10 worldwide manufacturing facilities. Delphi offers a complete column portfolio including standard, tilt, rake, telescope, rake and telescope, and tilt and telescope steering columns available in manual or power applications. Delphi recently announced a newly constructed customer center in Dearborn, Michigan with more than 240 Delphi engineers, sales and support staff dedicated to Ford business. The center is equipped with design, vehicle analysis and prototype facilities to enhance Delphi's ability to be part of Ford's total vehicle development process. Delphi's recent growth with the automaker started with a contract to engineer and supply the first dual power sliding door system for the 1999 model year Ford Windstar minivan. Since then, Delphi has earned several other contracts with Ford, and continues to provide power sliding doors as well as energy & engine management products, transmission products, instrument clusters, electronics, electrical/electronic distribution systems, thermal products and sensors from 18 manufacturing facilities in Australia, Europe, Japan, North America and South America.