Delphi Selected to Supply Electronic Stability Control on 2007 Saturn Aura
Electronic stability control shown to reduce risk of fatal car crashes
September 07, 2006 - TROY, Mich. — Recent studies have confirmed electronic stability control (ESC) technology is one of the more significant safety advancements since the seat belt. Now, Saturn is equipping versions of its latest sedan, the Aura, with StabiliTrak electronic stability control by Delphi Corp.
“ESC systems -- including Delphi’s own electronic stability control technology -- have been proven to help drivers maintain control and avoid collisions,” said Dan Warrell, Delphi Chassis Product Business Unit executive.
Delphi’s ESC is a vehicle stability enhancement system that helps reduce vehicle spins and excessive understeer. It assists the driver in maintaining control and avoiding a collision with features that extend consistency and capability of vehicle response over a wider range while minimizing “plow” and “looseness.”
Using a yaw rate sensor, lateral accelerometer, steering angle sensor, electrohydraulic control unit and wheel speed sensors Delphi’s integrated ESC system modulates brake pressures and adjusts engine torque to help enhance safety, improve vehicle performance and improve ride comfort and control.
“According to information from the Insurance Institute for Highway Safety (IIHS), ESC systems like Delphi’s reduced the risk of fatal crashes by 43 percent,” Warrell said. “The IIHS has said if all vehicles had stability control it could prevent as many as 10,000 of the more than 30,000 fatal crashes on the nation’s highways each year.”
Saturn is offering StabiliTrak as standard equipment on the uplevel Aura XR, available at retailers now.
FORWARD LOOKING STATEMENT
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 debtor-in-possession (“DIP”) financing 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 execute its business plans, including the transformation plan described in the Company’s March 31, 2006 press release, and to do so in a timely fashion; 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; and the ability of the company to attract and retain customers. Other risk factors are listed from time to time in the company’s United States Securities and Exchange Commission reports, including, but not limited to the Annual Report on Form 10-K for the year ended December 31, 2004, and its most recent quarterly report on Form 10-Q for the quarter ended September 30, 2005, and current reports on Form 8-K. 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 pre-petition liabilities, common stock and/or other equity securities. Additionally, no assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these constituencies. A plan of reorganization could result in holders of Delphi’s common stock receiving no distribution on account of their interest and cancellation of their interests. Under certain conditions specified in the Bankruptcy Code, a plan of reorganization may be confirmed notwithstanding its rejection by an impaired class of creditors or equity holders and notwithstanding the fact that equity holders do not receive or retain property on account of their equity interests under the plan. In light of the foregoing and as stated in its October 8, 2005, press release announcing the filing of its Chapter 11 reorganization cases, the company considers the value of the common stock to be highly speculative and cautions equity holders that the stock may ultimately be determined to have no value. Accordingly, the company urges that appropriate caution be exercised with respect to existing and future investments in Delphi’s common stock or other equity interests or any claims relating to pre-petition liabilities.
- Contact Information
- John Shea
- Delphi Corporation
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