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                                                                    EXHIBIT 12.1
                               DELPHI CORPORATION

               COMPUTATIONS OF RATIO OF EARNINGS TO FIXED CHARGES




                                                                         SIX
                                                                        MONTHS
                                                                        ENDED             YEAR ENDED DECEMBER 31,
                                                                       JUNE 30, ---------------------------------------------
                                                                         2003     2002     2001      2000     1999     1998
                                                                         ----     ----     ----      ----     ----     ----
                                                                                            (DOLLARS IN MILLIONS)
                                                                                                    
Income (loss) before taxes ...........................................$   314   $   531  $  (528)  $ 1,667  $ 1,721   $  (266)
Earnings of non-consolidated affiliates ..............................    (30)      (64)     (54)      (87)     (44)      (55)
Cash dividends received from non-consolidated affiliates .............     18        28       21        13       21         1
Portion of rentals deemed to be interest .............................     29        57       54        47       44        37
Interest and related charges on debt .................................     90       191      222       183      132       277
                                                                      -------   -------  -------   -------  -------   -------
       Earnings available for fixed charges...........................$   421   $   743  $  (285)  $ 1,823  $ 1,874   $    (6)
                                                                      -------   -------  -------   -------  -------   -------

Fixed charges:
  Portion of rentals deemed to be interest ...........................$    29   $    57  $    54   $    47  $    44   $    37
  Interest and related charges on debt ...............................     90       191      222       183      132       277
                                                                      -------   -------  -------   -------  -------   -------
       Total fixed charges ...........................................$   119   $   248  $   276   $   230  $   176   $   314
                                                                      -------   -------  -------   -------  -------   -------


Ratio of earnings to fixed charges ...................................    3.5       3.0      N/A       7.9     10.6       N/A
                                                                      =======   =======  =======   =======  =======   =======



     Fixed charges exceeded earnings by $561 million and $320 million for the
years ended December 31, 2001 and 1998, respectively, resulting in a ratio of
less than one.