Exhibit 99

[DELPHI AUTOMOTIVE SYSTEMS LOGO]

COST REDUCTION FUELS RECORD MARGINS
IN SECOND QUARTER FOR DELPHI

Margin Improvement Goals Achieved Every Quarter Since Independence

Sales to Customers Other Than General Motors Up
24 percent

TROY, Mich.  Delphi Automotive Systems (NYSE: DPH) today reported second
quarter 2000 earnings of $424 million, or $0.75 earnings per share, in line
with analyst consensus estimates. Strong cash flow from operations generated
$455 million in the second quarter.

We achieved sales above last years record levels and our continued focus
on portfolio management, cost reduction and new business bookings produced
another robust quarter, said Delphi Chief Financial Officer Alan S. Dawes.
Structural cost reductions helped us achieve year-over-year net income margin
improvements in every quarter since our independence. In addition, new
business bookings in excess of $5 billion indicate top-line growth and margin
improvements in future years.

On sales of $7.8 billion, Delphis earnings climbed 8 percent to $424
million from $394 million in the second quarter last year. Sales to customers
other than GM rose to $2.2 billion, or 24 percent on a comparable basis. Net
income margin grew to 5.5 percent from 5.1 percent for the same quarter last
year.

For the first half of the year Delphi is on track to meet 2000 financial
targets. Earnings for the first six months of 2000 rose 10 percent, excluding
a one-time charge of $32 million in the first quarter, versus 1999 levels.
Operating cash flow totaled $950 million, well on track for meeting the
$1.5 - $2.0 billion 2000 target.

Since our IPO weve had six quarters of very solid
financial performance. Delphi is consistently meeting the
essential targets for delivering long-term value to our
shareholders, Delphi Chairman, Chief Executive Officer and
President J.T. Battenberg III said.

Cost Reduction

Manufacturing results improved in the second quarter due to implementation
of lean initiatives. Delphis Dynamics & Propulsion Sector reported the best
rate of improvement with a 1.5 percentage-point gain in operating margin. The
sector continued execution of a number of lean enterprise initiatives from
turning around under-performing facilities to integrating Delphi Energy &
Engine Management Systems and Delphi Chassis Systems into one unit now called
Delphi Energy & Chassis Systems, an action that is expected to save more than
$30 million in 2000.

Delphis Dynamics and Propulsion Sector President Donald L. Runkle said:
As a result of our leadership in implementing common business processes and
the Delphi Manufacturing System across the sector, Delphis largest operating
unit has shown that it can move fast and contribute to Delphis success. Our
consolidation is on track and as we continue to improve our cost structure and
introduce high-tech products such as ESteer, QUADRASTEER, common rail direct
injection system and MagneRide, we expect to capitalize on even more new
business opportunities.

In addition, exciting developments in fuel cells, non-thermal exhaust
aftertreatment and 42-volt systems will bode well for our technology pipeline,
he continued.





---



Also in the second quarter, Delphi executed several infrastructure
reduction actions that are expected to save more than $25 million annually.
These included the restructuring of Delphi South America staffs, planned
workforce reductions at several European manufacturing locations and the use of
contract support for several salaried activities at the world headquarters in
Troy, Mich.

Aggressive Growth Initiatives

Delphi continued to accelerate through the start-up of its aggressive
growth Mobile MultiMedia (MMM) product line. MMM sales leaped 625 percent to $58
million from $8 million in the second quarter of 1999, attributed primarily to
sales of Delphis telematics products.

With over $3 billion in new business bookings this year for our Mobile
MultiMedia products, we are beginning to realize the potential of our
investments in engineering and research and development for this start-up
business line. These products are in high demand, stated Delphi Electronics &
Mobile Communication Sector President David B. Wohleen. The industry is
trending toward the use of more mobile communications products as well as more
electronically enhanced products allowing us to achieve early leadership
positions in several segments.

New Business

Delphi customers continued to embrace its products with more than $5
billion in new business bookings. New business bookings by customers other
than General Motors were $2 billion, 36 percent of the total, for the second quarter.

Major contracts* announced during the quarter included:



| |  |  | A contract to develop and supply the electrical wiring
system for a future Ford Motor Company vehicle                                      
| | - |  | -------------------------------------------------------------------------------------------------------------------------------------------
|
| |  |  | Contracts with three customers for engine management
systems worth about $350 million over the life of contracts                           
|
| |  |  | For brake product lines, 20 contracts booked with three
customers worth approximately $2 billion over the life of the
contracts            
|
| |  |  | Commitments from two major automakers for Delphis
Power Liftgates and Power Sliding Doors worth $350 million over
the life of the contract

The contracts for the quarter brought year-to-date
business bookings to $12 billion.

Other Highlights



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | During the quarter, Delphi celebrated one year as a fully independent
company and, on May 10, held its first annual shareholders meeting in
Kokomo, Ind. Delphi also announced in the second quarter the election of
Patricia C. Sueltz, senior vice president of Sun Microsystems and head of
the Sun Software Products and Platforms Division, to its board of directors.
The board now includes 13 members; ten are outside directors and three are
inside directors.

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 179 wholly owned manufacturing sites,
41 joint ventures, 53 customer centers and sales offices and
31 technical centers in 39 countries. Delphi can be found on
the Internet at www.delphiauto.com.

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. 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. A list of factors which could
impact future events and performance is included in the Delphi Automotive
Systems Corporation 1999 Annual Report on Form 10-K filed with the Securities
and Exchange Commission.

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





---



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

|                                                                                                              |                                             |                 |      |                                         |       |      |      |       |       | 
|------------------------------------------------------------------------------------------------------------- | ------------------------------------------- | --------------- | ---- | --------------------------------------- | ----- | ---- | ---- | ----- | ----- | 
|                                                                                                              |                                             |                 |      | Three Months Ended                     
|                                                                                                              |                                             |                 |      | June 30,                               
|                                                                                                              |                                             |                 |      |                                        
|                                                                                                              |                                             |                 |      | 2000                                    |       | 1999
|                                                                                                              |                                             |                 |      |                                         |       |     
|                                                                                                              |                                             |                 |      | (in millions, except per share amounts)
|Net sales:                                                                                                   
|                                                                                                             
|                                                                                                             
|                                                                                                             
|                                                                                                             
|                                                                                                              | General Motors and affiliates               |                 | $    | 5,592                                   |       |      | $    | 5,986 |      
|                                                                                                             
|                                                                                                             
|                                                                                                             
|                                                                                                             
|                                                                                                              | Other customers                             |                 |      | 2,186                                   |       |      |      | 1,697 |      
|                                                                                                              |                                             |                 |      |                                         |       |      |      |       |      
|                                                                                                              |                                             | Total net sales |      |                                         | 7,778 |      |      |       | 7,683 | 
|                                                                                                             
|                                                                                                             
|                                                                                                             
|                                                                                                             
|Less operating expenses:                                                                                     
|                                                                                                             
|                                                                                                             
|                                                                                                             
|                                                                                                             
|                                                                                                              | Cost of sales, excluding items listed below |                 |      | 6,456                                   |       |      |      | 6,453 |      
|                                                                                                             
|                                                                                                             
|                                                                                                             
|                                                                                                             
|                                                                                                              | Selling, general and administrative         |                 |      | 410                                     |       |      |      | 394   |      
|                                                                                                             
|                                                                                                             
|                                                                                                             
|                                                                                                             
|                                                                                                              | Depreciation and amortization               |                 |      | 229                                     |       |      |      | 207   |      
|                                                                                                              |                                             |                 |      |                                         |       |      |      |       |      
|Operating income                                                                                              |                                             |                 | 683  |                                         |       |      | 629  |      
|                                                                                                             
|                                                                                                             
|                                                                                                             
|                                                                                                             
|Less interest expense                                                                                         |                                             |                 | 45   |                                         |       |      | 36   |      
|                                                                                                             
|                                                                                                             
|                                                                                                             
|                                                                                                             
|Other income, net                                                                                             |                                             |                 | 34   |                                         |       |      | 42   |      
|                                                                                                              |                                             |                 |      |                                         |       |      |      |       |      
|Income before income taxes                                                                                    |                                             |                 | 672  |                                         |       |      | 635  |      
|                                                                                                             
|                                                                                                             
|                                                                                                             
|                                                                                                             
|Income tax expense                                                                                            |                                             |                 | 248  |                                         |       |      | 241  |      
|                                                                                                              |                                             |                 |      |                                         |       |      |      |       |      
|Net income                                                                                                    |                                             | $               | 424  |                                         |       | $    | 394  |      
|                                                                                                              |                                             |                 |      |                                         |       |      |      |       |      
|Gross margin                                                                                                  |                                             |                 | 17.0 | %                                       |       |      | 16.0 | %    
|                                                                                                              |                                             |                 |      |                                         |       |      |      |       |      
|Operating income margin                                                                                       |                                             |                 | 8.8  | %                                       |       |      | 8.2  | %    
|                                                                                                              |                                             |                 |      |                                         |       |      |      |       |      
|Net income margin                                                                                             |                                             |                 | 5.5  | %                                       |       |      | 5.1  | %    
|                                                                                                              |                                             |                 |      |                                         |       |      |      |       |      
|Basic earnings per share, 562 million
shares outstanding in 2000 and 565 million
shares outstanding in 1999   |                                             | $               | 0.75 |                                         |       | $    | 0.70 |      
|                                                                                                              |                                             |                 |      |                                         |       |      |      |       |      
|Diluted earnings per share, 566 million
shares outstanding in 2000 and 567 million
shares outstanding in 1999 |                                             | $               | 0.75 |                                         |       | $    | 0.69 |      
|                                                                                                              |                                             |                 |      |                                         |       |      |      |       |      





---



HIGHLIGHTS  Six months ended June 30, 2000 vs. six months
ended June 30, 1999 comparison

|                                                                                                          |                                             |                 |       |                                         |        |      |       |        |        | 
|--------------------------------------------------------------------------------------------------------- | ------------------------------------------- | --------------- | ----- | --------------------------------------- | ------ | ---- | ----- | ------ | ------ | 
|                                                                                                          |                                             |                 |       | Six Months Ended                       
|                                                                                                          |                                             |                 |       | June 30,                               
|                                                                                                          |                                             |                 |       |                                        
|                                                                                                          |                                             |                 |       | 2000                                    |        | 1999
|                                                                                                          |                                             |                 |       |                                         |        |     
|                                                                                                          |                                             |                 |       | (in millions, except per share amounts)
|Net sales:                                                                                               
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                          | General Motors and affiliates               |                 | $     | 11,162                                  |        |      | $     | 11,839 |       
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                          | Other customers                             |                 |       | 4,420                                   |        |      |       | 3,313  |       
|                                                                                                          |                                             |                 |       |                                         |        |      |       |        |       
|                                                                                                          |                                             | Total net sales |       |                                         | 15,582 |      |       |        | 15,152 | 
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|Less operating expenses:                                                                                 
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                          | Cost of sales, excluding items listed below |                 |       | 13,052                                  |        |      |       | 12,844 |       
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                          | Selling, general and administrative         |                 |       | 869                                     |        |      |       | 778    |       
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                          | Depreciation and amortization               |                 |       | 461                                     |        |      |       | 444    |       
|                                                                                                          |                                             |                 |       |                                         |        |      |       |        |       
|Operating income                                                                                          |                                             |                 | 1,200 | (1)                                     |        |      | 1,086 |       
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|Less interest expense                                                                                     |                                             |                 | 85    |                                         |        |      | 60    |       
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|Other income, net                                                                                         |                                             |                 | 68    |                                         |        |      | 67    |       
|                                                                                                          |                                             |                 |       |                                         |        |      |       |        |       
|Income before income taxes                                                                                |                                             |                 | 1,183 |                                         |        |      | 1,093 |       
|                                                                                                         
|                                                                                                         
|                                                                                                         
|                                                                                                         
|Income tax expense                                                                                        |                                             |                 | 437   | (1)                                     |        |      | 415   |       
|                                                                                                          |                                             |                 |       |                                         |        |      |       |        |       
|Net income                                                                                                |                                             | $               | 746   | (1)                                     |        | $    | 678   |       
|                                                                                                          |                                             |                 |       |                                         |        |      |       |        |       
|Gross margin                                                                                              |                                             |                 | 16.2  | %                                       |        |      | 15.2  | %     
|                                                                                                          |                                             |                 |       |                                         |        |      |       |        |       
|Operating income margin                                                                                   |                                             |                 | 7.7%  | (1)                                     |        |      | 7.2   | %     
|                                                                                                          |                                             |                 |       |                                         |        |      |       |        |       
|Net income margin                                                                                         |                                             |                 | 4.8%  | (1)                                     |        |      | 4.5   | %     
|                                                                                                          |                                             |                 |       |                                         |        |      |       |        |       
|Basic earnings per share, 562 million and 543
million shares outstanding in 2000 and 1999,
respectively   |                                             | $               | 1.33  |                                         |        | $    | 1.25  |       
|                                                                                                          |                                             |                 |       |                                         |        |      |       |        |       
|Diluted earnings per share, 566 million and 544
million shares outstanding in 2000 and 1999,
respectively |                                             | $               | 1.32  |                                         |        | $    | 1.25  |       
|                                                                                                          |                                             |                 |       |                                         |        |      |       |        |       
|Basic and diluted earnings per share- pro forma (2)                                                       |                                             |                 | N/A   |                                         |        | $    | 1.20  |       
|                                                                                                          |                                             |                 |       |                                         |        |      |       |        |       



|(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 $714
million and diluted earnings per share was $1.26.
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|   
|   
|   
|(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 565 million shares
outstanding (567 million on a diluted basis) during the
first six months of 1999.                





---



HIGHLIGHTS  Sector financial results

|                                                      |                                          |                                  |       |            |       |            |       |               |       |              |     |           |     |           |     |     |     | 
|----------------------------------------------------- | ---------------------------------------- | -------------------------------- | ----- | ---------- | ----- | ---------- | ----- | ------------- | ----- | ------------ | --- | --------- | --- | --------- | --- | --- | --- | 
|Sector                                                |                                          | Three Months Ended June 30, 2000
|                                                      |                                          |                                 
|                                                      |                                          |                                  |       |            |       |            |       |               |       |              |     | 2000      |     | 1999     
|                                                      |                                          |                                  |       |            |       |            |       |               |       |              |     | Operating |     | Operating
|                                                      |                                          |                                  |       | 2000 Sales |       | 1999 Sales |       | Income(Loss)  |       | Income(Loss)
|                                                      |                                          |                                  |       |            |       |            |       |               |       |             
|                                                      |                                          |                                  |       |            |       |            |       | (in millions)
|Electronics & Mobile Communication
 Mobile MultiMedia |                                          | $                                | 58    |            |       | $          | 8     |               |       | $            | (8  | )         |     | $         | (7  | )  
|                                                     
|                                                     
|                                                     
|                                                     
|                                                      | Other Electronics & Mobile
Communication |                                  |       | 1,333      |       |            |       | 1,388         |       |              |     | 157       |     |           |     | 187 |    
|                                                      |                                          |                                  |       |            |       |            |       |               |       |              |     |           |     |           |     |    
|                                                      |                                          | Total                            |       |            | 1,391 |            |       |               | 1,396 |              |     |           | 149 |           |     |     | 180 | 
|                                                     
|                                                     
|                                                     
|                                                     
|Safety, Thermal & Electrical Architecture             |                                          |                                  | 2,677 |            |       |            | 2,767 |               |       |              | 260 |           |     |           | 249 |    
|                                                     
|                                                     
|                                                     
|                                                     
|Dynamics & Propulsion                                 |                                          |                                  | 3,836 |            |       |            | 3,670 |               |       |              | 288 |           |     |           | 221 |    
|                                                     
|                                                     
|                                                     
|                                                     
|Other                                                 |                                          |                                  | (126  | )          |       |            | (150  | )             |       |              | (14 | )         |     |           | (21 | )  
|                                                      |                                          |                                  |       |            |       |            |       |               |       |              |     |           |     |           |     |    
|                                                      |                                          | Total                            |       | $          | 7,778 |            |       | $             | 7,683 |              |     | $         | 683 |           |     | $   | 629 | 
|                                                      |                                          |                                  |       |            |       |            |       |               |       |              |     |           |     |           |     |    

|                                                      |                                          |                                |       |            |        |            |       |               |        |              |     |           |       |           |     |     |       | 
|----------------------------------------------------- | ---------------------------------------- | ------------------------------ | ----- | ---------- | ------ | ---------- | ----- | ------------- | ------ | ------------ | --- | --------- | ----- | --------- | --- | --- | ----- | 
|Sector                                                |                                          | Six Months Ended June 30, 2000
|                                                      |                                          |                               
|                                                      |                                          |                                |       |            |        |            |       |               |        |              |     | 2000      |       | 1999     
|                                                      |                                          |                                |       |            |        |            |       |               |        |              |     | Operating |       | Operating
|                                                      |                                          |                                |       | 2000 Sales |        | 1999 Sales |       | Income (Loss) |        | Income(Loss)
|                                                      |                                          |                                |       |            |        |            |       |               |        |             
|                                                      |                                          |                                |       |            |        |            |       | (in millions)
|Electronics & Mobile Communication
 Mobile MultiMedia |                                          | $                              | 90    |            |        | $          | 15    |               |        | $            | (16 | )         |       | $         | (15 | )  
|                                                     
|                                                     
|                                                     
|                                                     
|                                                      | Other Electronics & Mobile
Communication |                                |       | 2,693      |        |            |       | 2,734         |        |              |     | 306       |       |           |     | 353 |      
|                                                      |                                          |                                |       |            |        |            |       |               |        |              |     |           |       |           |     |    
|                                                      |                                          | Total                          |       |            | 2,783  |            |       |               | 2,749  |              |     |           | 290   |           |     |     | 338   | 
|                                                     
|                                                     
|                                                     
|                                                     
|Safety, Thermal & Electrical Architecture             |                                          |                                | 5,386 |            |        |            | 5,480 |               |        |              | 467 |           |       |           | 464 |    
|                                                     
|                                                     
|                                                     
|                                                     
|Dynamics & Propulsion                                 |                                          |                                | 7,688 |            |        |            | 7,204 |               |        |              | 476 | (1)       |       |           | 346 |    
|                                                     
|                                                     
|                                                     
|                                                     
|Other                                                 |                                          |                                | (275  | )          |        |            | (281  | )             |        |              | (33 | )         |       |           | (62 | )  
|                                                      |                                          |                                |       |            |        |            |       |               |        |              |     |           |       |           |     |    
|                                                      |                                          | Total                          |       | $          | 15,582 |            |       | $             | 15,152 |              |     | $         | 1,200 | (1)       |     | $   | 1,086 | 
|                                                      |                                          |                                |       |            |        |            |       |               |        |              |     |           |       |           |     |    



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





---



HIGHLIGHTS - Liquidity and capital resources

BALANCE SHEET DATA:

|                          |               |   |          |        |              |   |               |      |   |   |       |      |  
|------------------------- | ------------- | - | -------- | ------ | ------------ | - | ------------- | ---- | - | - | ----- | ---- | -
|                          |               |   | June 30, |        | December 31, |   | June 30,     
|                          |               |   | 2000     |        | 1999         |   | 1999         
|                          |               |   |          |        |              |   |              
|                          |               |   |          |        |              |   | (in millions)
|Cash and cash equivalents |               | $ | 755      |        |              | $ | 1,546         |      |   | $ | 1,232 |     
|                         
|                         
|                         
|                         
|Debt                      |               | $ | 3,004    |        |              | $ | 1,757         |      |   | $ | 1,830 |     
|                          |               |   |          |        |              |   |               |      |   |   |       |     
|                          | Net liquidity |   | $        | (2,249 | )            |   | $             | (211 | ) |   | $     | (598 | )
|                          |               |   |          |        |              |   |               |      |   |   |       |     

RECONCILIATION OF NET LIQUIDITY:

|                                    |                                               |                                                                                       |  |  |      |   |        |     |        |  
|----------------------------------- | --------------------------------------------- | ------------------------------------------------------------------------------------- |  |  | ---- | - | ------ | --- | ------ | -
|Net liquidity at December 31, 1999. |                                               |                                                                                       |  |  |      | $ | (211   | )  
|                                   
|                                   
|                                   
|                                   
|                                    |                                               | Net income                                                                            |  |  | 746  |  
|                                   
|                                   
|                                   
|                                   
|                                    |                                               | Depreciation and amortization                                                         |  |  | 461  |  
|                                   
|                                   
|                                   
|                                   
|                                    |                                               | Capital expenditures                                                                  |  |  | (624 | )
|                                   
|                                   
|                                   
|                                   
|                                    |                                               | Other, net                                                                            |  |  | 367  |  
|                                   
|                                   
|                                   
|                                   
|                                    | Operating cash flow less capital expenditures |                                                                                       |  |  |      |   |        | 950 |       
|                                   
|                                   
|                                   
|                                   
|                                    |                                               | Cash paid for acquisitions, net of cash acquired                                      |  |  |      |   |        |     | (897   | )
|                                   
|                                   
|                                   
|                                   
|                                    |                                               | Pension contribution                                                                  |  |  |      |   |        |     | (1,125 | )
|                                   
|                                   
|                                   
|                                   
|                                    |                                               | Amounts paid to GM for estimated pension
and other postretirement benefit adjustments |  |  |      |   |        |     | (715   | )
|                                   
|                                   
|                                   
|                                   
|                                    |                                               | Dividends and other non-operating                                                     |  |  |      |   |        |     | (251   | )
|                                    |                                               |                                                                                       |  |  |      |   |        |    
|Net liquidity at June 30, 2000.     |                                               |                                                                                       |  |  |      | $ | (2,249 | )  
|                                    |                                               |                                                                                       |  |  |      |   |        |