'Nexteer Automotive' Announced as New Brand Name for Delphi's Global Steering Division Following Completion of Sale

'Nexteer Automotive' Announced as New Brand Name for Delphi's Global Steering
Division Following Completion of Sale

SAGINAW, Mich., Oct. 6 /PRNewswire/ --

-- Sale positions steering supplier for a strong future with diverse and
global customer base
-- Continued leadership on fuel-saving and emission-reducing Electric
Power
Steering (EPS) technology

-- Structure and policies implemented for customer confidentiality and
intellectual property protection while under GM ownership

Effective with today's closing of the sale of Delphi's global steering
business to GM Global Steering Holdings LLC, it was announced the new company
will go to market under the Nexteer Automotive brand name and will be the only
global Tier One automotive supplier exclusively focused on advanced steering
and driveline technology.

"We wanted a name with a dynamic look and feel that not only reflects our
100-year heritage of industry-leading innovation, hard work and quality
products, but also signals the opportunities we see as a revitalized business
with a great future," said Robert J. Remenar, president of the new company and
former president of Delphi Steering.

Remenar will continue as president of Nexteer Automotive following the
anticipated launch next month.

Already well established with a strong, diverse and global customer base, the
new positioning reinforces Nexteer Automotive's transition to a stand-alone
and separate entity as a GM subsidiary. Similar to any automotive supplier in
the industry that serves multiple OEM customers, the appropriate technology,
product, cost and pricing firewalls will continue to be implemented to ensure
all Nexteer Automotive's customers are protected and supported while it is
under GM ownership.

"We believe a product strategy focused exclusively on Electric Power Steering,
Hydraulic Power Steering, driveline and steer-by-wire will give us an edge on
innovation as we place all of our resources behind bringing to market new
technologies that are valued by our customers," said Remenar.

Nexteer Automotive will begin life as a multi-billion dollar global steering
and driveline business solely dedicated to electric and hydraulic steering
systems, steering columns and driveline products for original equipment
manufacturers. Nexteer Automotive's 6,200 employees will serve more than 60
customers in every major region of the world with 15 manufacturing plants, six
engineering and 14 customer service centers strategically located in North and
South America, Europe and Asia. The current Delphi Steering headquarters in
Saginaw, Mich., remains global headquarters for Nexteer Automotive.

Nexteer Automotive's customers include GM, Fiat, Ford, Toyota, Chrysler, and
PSA Peugeot Citroen, as well as automakers in India, China and South America.

Over the course of the last century, Nexteer Automotive's industry-leading
engineering and product development capabilities have consistently pioneered
new steering technologies that have enhanced safety, fuel efficiency, comfort
and convenience. This includes hydraulic assisted steering, tilt wheel
steering columns including power tilt, active and energy absorbing columns,
front-wheel drive and rear-wheel drive halfshafts, the premium performance
TriGlide halfshaft joint, Electric Power Steering, Quadrasteer(TM)( )active
vehicle dynamic control, and steer-by-wire.

For more information on Nexteer Automotive, please visit www.nexteer.com.

SOURCE Nexteer Automotive

David Barnas, Executive Director, Global External Affairs, +1-989-757-6166
(Office Phone), +1-248-918-8946 (Mobile Phone), david.barnas@delphi.com; or
Donna Fontana, The Quell Group, +1-248-649-8900, dfontana@quell.com