Sirius XM Holdings Inc (SIRI)

[wagsten]

Delphi To Supply Sirius Satellite Radios To Ford In '06

Tuesday January 11, 11:43 AM EST

DETROIT (Dow Jones)--Delphi Corp. (DPH) plans to supply Sirius Satellite Radio receivers for four Ford Motor Co. (F) 2006 models beginning this summer.

The new business expands Delphi's supply of audio products to Ford.

In a press release Tuesday, automotive supplier Delphi said the Sirius Satellite Radio Inc.'s (SIRI) radios will be a factory-installed option on the 2006 Ford F-150, Ford Explorer, Lincoln Mark LT and Mercury Mountaineer.

The radios will be offered on additional future models.

A Delphi spokesman declined to comment on how much the new offering will help business, but said receiver sales are expected to contribute to Delphi's electrical, electronics, and safety & interior sector revenue.

"We've sold almost 4.5 million receivers. The demand keeps growing and growing," the spokesman said.

The General Motors Corp. (GM) spinoff's electrical, electronics, safety & interior product sector accounted for $14.4 billion of the company's 2003 net sales of $28 billion.

On Monday, Delphi, which has been working through a restructuring plan, lowered its fourth-quarter and 2004 revenue and bottom-line outlooks due to low production volume and higher commodity prices.

Shares of Delphi recently traded at $8.12, down 10, or 1.2% on New York Stock Exchange composite trading.

-Nicole Urbanowicz; Dow Jones Newswires; 201-938-5400; AskNewswires@ dowjones.com