Exhibit 99

[DELPHI AUTOMOTIVE SYSTEMS LOGO]

DELPHI EARNINGS INCREASE 9 PERCENT TO $148 MILLION IN THIRD QUARTER

Year-over-year Margin Improvement every Quarter Since IPO

Mobile MultiMedia Product Line Sales up 777% Over Prior Year

TROY, Mich.  Delphi Automotive Systems (NYSE: DPH) today reported third
quarter 2000 consolidated earnings of $148 million, or $0.26 earnings per
share, in line with analyst consensus estimates. This represents a 9 percent
increase in earnings over the same period last year.

We continue to see improved margins in our operations as we aggressively
manage our portfolio, exiting more than $125 million of low-margin business in
the third quarter, said Alan S. Dawes, Delphi Chief Financial Officer.
Additionally, Delphi Manufacturing System implementation continues to generate
results as we utilize lean practices and improve capital efficiency at our
manufacturing facilities worldwide.

Sales to customers other than General Motors rose to $2.0 billion, or 30
percent of total sales, representing a 15 percent increase over the third
quarter of 1999 on a comparable basis. Net income margin reached 2.2 percent,
up from 2.0 percent for the same period last year. Gross and operating margins
also increased. Quarterly net sales were $6.6 billion, down 2 percent from the
same period last year. Dawes attributed the sales reduction to exited
businesses, price reductions, foreign currency fluctuations and a slight
softening of new vehicle and aftermarket demand in North America and Europe.

Todays results mark the seventh consecutive quarter since our IPO that
we have achieved solid financial performance, said J.T. Battenberg III, Delphi
chairman, chief executive officer and president. We continue to deliver on
the targets established at our independence to produce long-term value for our
shareholders. We remain focused on targets of 5 percent net income margin by
the end of 2002, year-over-year non-GM sales growth of more than 10 percent and
return on net assets of 12.5 percent, while generating operating cash flow of
$1.5-2.0 billion per year.

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Page 2

Aggressive Growth Initiatives

Growth in Delphis Mobile MultiMedia (MMM) product line continued strong
with $114 million in sales in the third quarter, representing a 777 percent
increase over the third quarter of 1999, and a 97 percent increase over second
quarter 2000 results. The previous target for 2000 MMM sales was estimated at
$200 million, but based on higher than expected sales year-to-date, Delphi now
anticipates the total could approach $300 million.

New Business

Delphis customer-differentiating technologies continue to generate new
business bookings. Major contracts* announced during the quarter include:



| |  |  | Renault chose Delphi to provide advanced climate control technology
for all versions of its next-generation Laguna model, expected to go on
sale in Europe by early 2001. The expected lifetime value of the
contract is more than $550 million.
| | - |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| |  |  | Jaguar selected Delphis Passive Occupant Detection System (PODS),
the first and only weight-sensing system of its kind to reach the
market. This technology will be standard equipment on the 2001 Jaguar
XK sports car series.                
|
| |  |  | Delphi won a contract to supply significant electrical wiring
content to Volvo Truck Corporation in Europe. The programs include
commercial trucks of 16 tons and greater, and have expected annual
volumes in excess of 40,000 units.          
|
| |  |  | Volkswagen do Brasil selected Delphi to provide its Compact
Variable Compressor for the VW Gol. The expected lifetime value of the
contract is worth more than $40 million when full production is reached
in 2002.                             
|
| |  |  | Delphi will supply its ESTEER Electric Power Steering
System to Volkswagen for its Lupo 3L TDI model, arriving in Europe this
autumn.                                                                                                         

Other Highlights

Delphi announced the formation of a majority-owned joint venture with
Ashimori Industry Co., Ltd. to jointly pursue seat belt business growth. The
venture will focus on new and existing opportunities in the North American,
South American and European seat belt systems markets.

About Delphi

Multi-national Delphi Automotive Systems, with headquarters in Troy,
Mich., USA, Paris, Tokyo and São Paulo, Brazil, is a world leader in mobile
electronics and transportation components and systems technology. Delphis
three business sectors  Dynamics & Propulsion; Safety, Thermal & Electrical
Architecture; and Electronics & Mobile Communication  provide comprehensive
product solutions to complex customer needs. Delphi has approximately 216,000
employees and operates 184 wholly owned manufacturing sites, 44 joint ventures,
53 customer centers and sales offices and 31 technical centers in 40 countries.
Delphi can be found on the Internet at www.delphiauto.com.

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Page 3

*Delphi does not disclose the details of all contracts due to customer confidentiality.

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for
forward-looking statements made by us or on our behalf. Delphi and its
representatives may periodically make written or oral statements that are
forward-looking, including statements included in this release and other
filings with the Securities and Exchange Commission and in reports to our
stockholders. All statements which address operating performance, events or
developments that we expect or anticipate may occur in the future, including
statements relating to volume growth, awarded sales contracts and earnings per
share growth or statements expressing general optimism about future operating
results, are forward-looking statements. These statements are made on the basis
of managements views and assumptions; as a result, there can be no assurance
that managements expectations will necessarily come to pass. Principal
important factors, risks and uncertainties which may cause actual results to
differ from those expressed in forward-looking statements set forth in this
release include our ability to increase non-GM sales and achieve the labor
benefits expected from our separation from GM; potential: increases in our
warranty costs; changes in economic conditions; exchange rates or political
environment in the markets in which we operate; financial or market declines of
our customers; labor disruptions or material shortages; the level of
competition in the automotive industry; changes in laws or regulations
pertaining to the automotive industry; our ability to realize costs savings
expected to offset price reductions; changes in technology and technological
risks; our ability to protect and assert patent and other intellectual property
rights; and other factors, risks and uncertainties discussed in the Delphi
Automotive Systems Corporation Annual Report on Form 10-K for the fiscal year
ended December 31, 1999 and other filings with the Securities and Exchange
Commission. Delphi does not intend or assume any obligation to update any of
these forward-looking statements.

Editors Note:Delphi Chairman, CEO and President J.T. Battenberg III, and
Chief Financial Officer, Alan S. Dawes, will co-host a media and security
analysts conference call to discuss Delphis earnings beginning at 10 a.m. EDT
today. Representatives calling from North America, including Canada and
Mexico, should call (800) 633-8470; if calling from outside North America dial
(212) 346-0330 to participate. Ask to be connected to the Delphi Automotive
Systems conference call.

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Page 4

HIGHLIGHTS  Three months ended September 30, 2000 vs. three
months ended September 30, 1999 comparison

|                                                                                                                                                        |                                             |                 |      |                                |       |      |      |       |       | 
|------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------- | --------------- | ---- | ------------------------------ | ----- | ---- | ---- | ----- | ----- | 
|                                                                                                                                                        |                                             |                 |      | Three Months Ended            
|                                                                                                                                                        |                                             |                 |      | September 30,                 
|                                                                                                                                                        |                                             |                 |     
|                                                                                                                                                        |                                             |                 |      | 2000                           |       | 1999
|                                                                                                                                                        |                                             |                 |      |                                |       |     
|                                                                                                                                                        |                                             |                 |      | (in millions, except per share
|                                                                                                                                                        |                                             |                 |      | amounts)                      
|                                                                                                                                                        |                                             |                 |     
|Net sales:                                                                                                                                             
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                        | General Motors and affiliates               |                 | $    | 4,682                          |       |      | $    | 5,102 |      
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                        | Other customers                             |                 |      | 1,966                          |       |      |      | 1,688 |      
|                                                                                                                                                        |                                             |                 |      |                                |       |      |      |      
|                                                                                                                                                        |                                             | Total net sales |      |                                | 6,648 |      |      |       | 6,790 | 
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|Less operating expenses:                                                                                                                               
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                        | Cost of sales, excluding items listed below |                 |      | 5,773                          |       |      |      | 5,980 |      
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                        | Selling, general and administrative         |                 |      | 420                            |       |      |      | 402   |      
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                        | Depreciation and amortization               |                 |      | 225                            |       |      |      | 202   |      
|                                                                                                                                                        |                                             |                 |      |                                |       |      |      |      
|Operating income                                                                                                                                        |                                             |                 | 230  |                                |       |      | 206  |      
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|Less interest expense                                                                                                                                   |                                             |                 | 42   |                                |       |      | 34   |      
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|Other income, net                                                                                                                                       |                                             |                 | 48   |                                |       |      | 48   |      
|                                                                                                                                                        |                                             |                 |      |                                |       |      |      |      
|Income before income taxes                                                                                                                              |                                             |                 | 236  |                                |       |      | 220  |      
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|                                                                                                                                                       
|Income tax expense                                                                                                                                      |                                             |                 | 88   |                                |       |      | 84   |      
|                                                                                                                                                        |                                             |                 |      |                                |       |      |      |      
|Net income                                                                                                                                              |                                             | $               | 148  |                                |       | $    | 136  |      
|                                                                                                                                                        |                                             |                 |      |                                |       |      |      |       |      
|Gross margin                                                                                                                                            |                                             |                 | 13.2 | %                              |       |      | 11.9 | %    
|                                                                                                                                                        |                                             |                 |      |                                |       |      |      |      
|Operating income margin                                                                                                                                 |                                             |                 | 3.5  | %                              |       |      | 3.0  | %    
|                                                                                                                                                        |                                             |                 |      |                                |       |      |      |      
|Net income margin                                                                                                                                       |                                             |                 | 2.2  | %                              |       |      | 2.0  | %    
|                                                                                                                                                        |                                             |                 |      |                                |       |      |      |      
|Basic and diluted earnings per share, 560
million and 562 million shares outstanding
in 2000 and 563 million and 566 million
shares outstanding in 1999 |                                             | $               | 0.26 |                                |       | $    | 0.24 |      
|                                                                                                                                                        |                                             |                 |      |                                |       |      |      |      

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Page 5

HIGHLIGHTS  Nine months ended September 30, 2000 vs. nine
months ended September 30, 1999 comparison

|                                                                                                          |                                             |                 |       |                                |        |      |       |        |        | 
|--------------------------------------------------------------------------------------------------------- | ------------------------------------------- | --------------- | ----- | ------------------------------ | ------ | ---- | ----- | ------ | ------ | 
|                                                                                                          |                                             |                 |       | Nine Months Ended             
|                                                                                                          |                                             |                 |       | September 30,                 
|                                                                                                          |                                             |                 |      
|                                                                                                          |                                             |                 |       | 2000                           |        | 1999
|                                                                                                          |                                             |                 |       |                                |        |     
|                                                                                                          |                                             |                 |       | (in millions, except per share
|                                                                                                          |                                             |                 |       | amounts)                      
|                                                                                                          |                                             |                 |      
|Net sales:                                                                                               
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                          | General Motors and affiliates               |                 | $     | 15,844                         |        |      | $     | 16,941 |       
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                          | Other customers                             |                 |       | 6,386                          |        |      |       | 5,001  |       
|                                                                                                          |                                             |                 |       |                                |        |      |       |       
|                                                                                                          |                                             | Total net sales |       |                                | 22,230 |      |       |        | 21,942 | 
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|Less operating expenses:                                                                                 
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                          | Cost of sales, excluding items listed below |                 |       | 18,825                         |        |      |       | 18,824 |       
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                          | Selling, general and administrative         |                 |       | 1,289                          |        |      |       | 1,180  |       
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                          | Depreciation and amortization               |                 |       | 686                            |        |      |       | 646    |       
|                                                                                                          |                                             |                 |       |                                |        |      |       |       
|Operating income                                                                                          |                                             |                 | 1,430 | (1)                            |        |      | 1,292 |       
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|Less interest expense                                                                                     |                                             |                 | 127   |                                |        |      | 94    |       
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|Other income, net                                                                                         |                                             |                 | 116   |                                |        |      | 115   |       
|                                                                                                          |                                             |                 |       |                                |        |      |       |       
|Income before income taxes                                                                                |                                             |                 | 1,419 |                                |        |      | 1,313 |       
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|Income tax expense                                                                                        |                                             |                 | 525   | (1)                            |        |      | 499   |       
|                                                                                                          |                                             |                 |       |                                |        |      |       |       
|Net income                                                                                                |                                             | $               | 894   | (1)                            |        | $    | 814   |       
|                                                                                                          |                                             |                 |       |                                |        |      |       |        |       
|Gross margin                                                                                              |                                             |                 | 15.3  | %                              |        |      | 14.2  | %     
|                                                                                                          |                                             |                 |       |                                |        |      |       |       
|Operating income margin                                                                                   |                                             |                 | 6.4   | %(1)                           |        |      | 5.9   | %     
|                                                                                                          |                                             |                 |       |                                |        |      |       |       
|Net income margin                                                                                         |                                             |                 | 4.0   | %(1)                           |        |      | 3.7   | %     
|                                                                                                          |                                             |                 |       |                                |        |      |       |       
|Basic earnings per share, 561 million and 550
million shares outstanding, respectively in 2000
and 1999.  |                                             | $               | 1.59  |                                |        | $    | 1.48  |       
|                                                                                                          |                                             |                 |       |                                |        |      |       |        |       
|Diluted earnings per share, 564 million and 551
million shares outstanding in 2000 and 1999,
respectively |                                             | $               | 1.58  |                                |        | $    | 1.48  |       
|                                                                                                          |                                             |                 |       |                                |        |      |       |        |       
|Basic and diluted earnings per share- pro forma (2)                                                       |                                             |                 | N/A   |                                |        | $    | 1.44  |       
|                                                                                                          |                                             |                 |       |                                |        |      |       |       



|(1) |  | Excludes the impact of a one-time, non-cash charge of
$51 million ($32 million after-tax) resulting from
acquisition-related in-process research and development.
Including the $51 million charge, net income was $862
million and diluted earnings per share was $1.53.
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|(2) |  | Pro forma earnings per share are presented as if the
initial public stock offering of
100 million shares took place on January 1, 1999,
resulting in 564 million shares
outstanding (566 million on a diluted basis) during the
first nine months of 1999.               

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Page 6

HIGHLIGHTS  Sector financial results

|                                          |  |                                          |       |       |       |       |       |               |       |               |    |               |     |      |     |    |     | 
|----------------------------------------- |  | ---------------------------------------- | ----- | ----- | ----- | ----- | ----- | ------------- | ----- | ------------- | -- | ------------- | --- | ---- | --- | -- | --- | 
|Sector                                    |  | Three Months Ended September 30,        
|                                          |  |                                         
|                                          |  |                                          |       |       |       |       |       |               |       |               |    | 2000          |     | 1999
|                                          |  |                                          |       | 2000  |       | 1999  |       | Operating     |       | Operating    
|                                          |  |                                          |       | Sales |       | Sales |       | Income (Loss) |       | Income (Loss)
|                                          |  |                                          |       |       |       |       |       |               |       |              
|                                          |  |                                          |       |       |       |       |       |               |       |               |    | (in millions)
|Electronics & Mobile Communication       
|                                          |  | Mobile MultiMedia                        | $     | 114   |       |       | $     | 13            |       |               | $  | (2            | )   |      | $   | (9 | )  
|                                         
|                                         
|                                         
|                                         
|                                          |  | Other Electronics & Mobile
Communication |       |       | 1,157 |       |       |               | 1,212 |               |    |               | 103 |      |     |    | 119 | 
|                                          |  |                                          |       |       |       |       |       |               |       |               |    |               |     |      |     |   
|                                          |  | Total                                    |       |       | 1,271 |       |       |               | 1,225 |               |    |               | 101 |      |     |    | 110 | 
|                                         
|                                         
|                                         
|                                         
|Safety, Thermal & Electrical Architecture |  |                                          | 2,242 |       |       |       | 2,445 |               |       |               | 78 |               |     |      | 62  |   
|                                         
|                                         
|                                         
|                                         
|Dynamics & Propulsion                     |  |                                          | 3,280 |       |       |       | 3,267 |               |       |               | 60 |               |     |      | 46  |   
|                                         
|                                         
|                                         
|                                         
|Other                                     |  |                                          | (145  | )     |       |       | (147  | )             |       |               | (9 | )             |     |      | (12 | ) 
|                                          |  |                                          |       |       |       |       |       |               |       |               |    |               |     |      |     |   
|                                          |  | Total                                    |       | $     | 6,648 |       |       | $             | 6,790 |               |    | $             | 230 |      |     | $  | 206 | 
|                                          |  |                                          |       |       |       |       |       |               |       |               |    |               |     |      |     |   

|                                          |  |                                          |        |       |        |       |        |               |        |               |     |               |       |      |     |   |       |  
|----------------------------------------- |  | ---------------------------------------- | ------ | ----- | ------ | ----- | ------ | ------------- | ------ | ------------- | --- | ------------- | ----- | ---- | --- | - | ----- | -
|Sector                                    |  | Nine Months Ended September 30,         
|                                          |  |                                         
|                                          |  |                                          |        |       |        |       |        |               |        |               |     | 2000          |       | 1999
|                                          |  |                                          |        | 2000  |        | 1999  |        | Operating     |        | Operating    
|                                          |  |                                          |        | Sales |        | Sales |        | Income (Loss) |        | Income (Loss)
|                                          |  |                                          |        |       |        |       |        |               |        |              
|                                          |  |                                          |        |       |        |       |        |               |        |               |     | (in millions)
|Electronics & Mobile Communication       
|                                          |  | Mobile MultiMedia                        |        | $     | 204    |       |        | $             | 28     |               |     | $             | (18   | )    |     | $ | (24   | )
|                                         
|                                         
|                                         
|                                         
|                                          |  | Other Electronics & Mobile
Communication |        |       | 3,850  |       |        |               | 3,946  |               |     |               | 409   |      |     |   | 472   |  
|                                          |  |                                          |        |       |        |       |        |               |        |               |     |               |       |      |     |  
|                                          |  | Total                                    |        |       | 4,054  |       |        |               | 3,974  |               |     |               | 391   |      |     |   | 448   |  
|                                         
|                                         
|                                         
|                                         
|Safety, Thermal & Electrical Architecture |  |                                          | 7,628  |       |        |       | 7,925  |               |        |               | 545 |               |       |      | 526 |  
|                                         
|                                         
|                                         
|                                         
|Dynamics & Propulsion                     |  |                                          | 10,968 |       |        |       | 10,471 |               |        |               | 536 | (1)           |       |      | 392 |  
|                                         
|                                         
|                                         
|                                         
|Other                                     |  |                                          | (420   | )     |        |       | (428   | )             |        |               | (42 | )             |       |      | (74 | )
|                                          |  |                                          |        |       |        |       |        |               |        |               |     |               |       |      |     |  
|                                          |  | Total                                    |        | $     | 22,230 |       |        | $             | 21,942 |               |     | $             | 1,430 | (1)  |     | $ | 1,292 |  
|                                          |  |                                          |        |       |        |       |        |               |        |               |     |               |       |      |     |  



|(1) |  | Excludes the one-time, non-cash charge of $51 million resulting
from acquisition-related in-process research and development.
|--- |  | -----------------------------------------------------------------------------------------------------------------------------

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Page 7

HIGHLIGHTS  Liquidity and capital resources

BALANCE SHEET DATA:

|                          |               |   |               |        |              |   |               |      |   |   |       |      |  
|------------------------- | ------------- | - | ------------- | ------ | ------------ | - | ------------- | ---- | - | - | ----- | ---- | -
|                          |               |   | September 30, |        | December 31, |   | September 30,
|                          |               |   | 2000          |        | 1999         |   | 1999         
|                          |               |   |               |        |              |   |              
|                          |               |   |               |        |              |   | (in millions)
|Cash and cash equivalents |               | $ | 727           |        |              | $ | 1,546         |      |   | $ | 1,217 |     
|                         
|                         
|                         
|                         
|Debt                      |               | $ | 2,838         |        |              | $ | 1,757         |      |   | $ | 1,766 |     
|                          |               |   |               |        |              |   |               |      |   |   |       |     
|                          | Net liquidity |   | $             | (2,111 | )            |   | $             | (211 | ) |   | $     | (549 | )
|                          |               |   |               |        |              |   |               |      |   |   |       |     
|Stockholders equity      |               | $ | 3,583         |        |              | $ | 3,200         |      |   | $ | 3,712 |     
|                          |               |   |               |        |              |   |               |      |   |   |       |     

RECONCILIATION OF NET LIQUIDITY:

|                                     |                                               |                                                                                       |  |  |      |     |        |       |        |  
|------------------------------------ | --------------------------------------------- | ------------------------------------------------------------------------------------- |  |  | ---- | --- | ------ | ----- | ------ | -
|Net liquidity at December 31, 1999.  |                                               |                                                                                       |  |  |      | $   | (211   | )    
|                                    
|                                    
|                                    
|                                    
|                                     |                                               | Net income                                                                            |  |  | 894  | (1)
|                                    
|                                    
|                                    
|                                    
|                                     |                                               | Depreciation and amortization                                                         |  |  | 686  |    
|                                    
|                                    
|                                    
|                                    
|                                     |                                               | Capital expenditures                                                                  |  |  | (955 | )  
|                                    
|                                    
|                                    
|                                    
|                                     |                                               | Other, net                                                                            |  |  | 486  |    
|                                     |                                               |                                                                                       |  |  |      |    
|                                     | Operating cash flow less capital expenditures |                                                                                       |  |  |      |     |        | 1,111 |       
|                                    
|                                    
|                                    
|                                    
|                                     |                                               | Cash paid for acquisitions, net of cash acquired                                      |  |  |      |     |        |       | (897   | )
|                                    
|                                    
|                                    
|                                    
|                                     |                                               | Pension contributions                                                                 |  |  |      |     |        |       | (1,125 | )
|                                    
|                                    
|                                    
|                                    
|                                     |                                               | Amounts paid to GM for estimated pension
and other postretirement benefit adjustments |  |  |      |     |        |       | (715   | )
|                                    
|                                    
|                                    
|                                    
|                                     |                                               | Dividends and other non-operating                                                     |  |  |      |     |        |       | (274   | )
|                                     |                                               |                                                                                       |  |  |      |     |        |      
|Net liquidity at September 30, 2000. |                                               |                                                                                       |  |  |      | $   | (2,111 | )    
|                                     |                                               |                                                                                       |  |  |      |     |        |      



|(1) |  | Excludes the one-time, non-cash charge of $51 million ($32 million
after tax) resulting from acquisition-related in-process research
and development.
|--- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------

# # #