Delphi’s New Electrical Grounding System Simplifies Assembly, Cuts Production Costs
New product combines multiple grounding points, eliminating parts and reducing labor
November 08, 2006 - WUPPERTAL, Germany — Simple, flexible, foolproof and highly affordable. Delphi Corporation’s new electrical grounding system reduces the need for several grounding assemblies to one. The new system will be on display at the 2006 Electronica show in Munich.
In a single step, multiple wiring harnesses are attached to one centrally located grounding base with virtually no limit on the number of terminals that can be attached. A unique ring terminal design provides for the installation of terminals that are stacked onto the grounding bolt and automatically lock into place, preventing rotation and ensuring the integrity of the pre-assembled harnesses while optimizing the electrical and mechanical interfaces. Unlike most grounding systems, which are limited by the number of parts that can be pre-assembled, Delphi’s new electrical grounding system and the number of terminals that may be attached is limited only by the length of the grounding bolt. One to five terminals can be assembled on a standard bolt, but the length of the grounding bolt can vary based on OEM specifications, the electrical harness design and the number of terminals to be attached.
Delphi’s system also has the added flexibility to be pre-assembled at the wiring harness plant or on the vehicle assembly line.
The infallible manual assembly process requires no tools and has no defined assembly sequence. There is one ring design and one base design so all parts are identical except in the crimp area, which provides for one of four different crimp sizes: 1.0-2.0mm, 2.0-4.0mm, 4.0-6.0mm or 6.0-10.0mm. This uniform design provides for highly efficient parts production using high-speed stamping processes, which significantly improves manufacturing costs.
Delphi’s new grounding system is designed for automotive and commercial vehicle interiors as well as for machinery and industrial applications. It has been available since June 2006.
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, 2005. 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
- Barb Barkley
- Delphi Corporation
- Contact via E-mail
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