Delphi fka DPH

[gaboracs]

Delphi Announces Listing on the Pink Sheets and New Ticker Symbol
Company common shares trading under new symbol DPHIQ
Release Date: October 11, 2005
TROY, Mich. -- October 11, 2005  Delphi Corporation (OTC:DPHIQ), announced that effective today the Company's common stock will be traded under the symbols DPHIQ on the Pink Sheets. In light of Delphi's voluntary filing for relief under chapter 11 of the Bankruptcy Code announced on October 8, 2005, Delphi has determined it will not request a hearing to appeal the NYSE's determination to suspend its securities including its 6 1/2% Notes due May 1, 2009, its 7 1/8% debentures due May 1, 2029 and the 8.25% Cumulative Trust Preferred Securities of Delphi Trust I, from being traded on the New York Stock Exchange.

Delphi preferred shares are also trading on the Pink Sheets under the symbol DPHAQ.

Pink Sheets® LLC is the leading provider of pricing and financial information for the over-the-counter (OTC) securities markets. For more information please visit www.pinksheets.com.

There is no assurance as to what values, if any, will be ascribed in the chapter 11 cases as to the value of Delphi's existing common stock and/or any other Delphi securities. Accordingly, the company urges that the appropriate caution be exercised with respect to existing and future investments in any of these securities as the value and prospects are highly speculative.

More information on Delphi's U.S. restructuring, including access to Court documents and other general information about the chapter 11 cases, is available at www.delphidocket.com. Delphi has also set up two separate toll-free information lines: one for specific supplier inquiries, 866-688-8679 or 248-813-2601, and another for employees, customers, shareholders and other interested parties, 866-688-8740 or 248-813-2602. For more information about Delphi and its operating subsidiaries, visit Delphi's Media Room at www.delphi.com/media/.

This press release as well as other statements made by Delphi may contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, 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 DIP facility; the Company's ability to obtain court approval with respect to motions in the chapter 11 proceeding 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; 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; the ability of the Company to attract, motivate and/or retain key executives and associates; and the ability of the Company to attract and retain customers. Other risk factors are listed from time to time in the Company's SEC reports, including, but not limited to the quarterly report on Form 10-Q for the quarter ended June 30, 2005. Delphi disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events 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 pre-petition liabilities, common stock and/or other equity securities. No assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these constituencies. Accordingly, the Company urges that the appropriate caution be exercised with respect to existing and future investments in any of these liabilities and/or securities.


For more information contact:

Delphi - Media Contact
Claudia Baucus
Telephone: [phone]


Delphi - Investor Contact
Brian Eichenlaub
Telephone: [phone]

http://www.delphi.com/news/pressReleases/pr58490-10112005