.
.
.
EXHIBIT 12
DELPHI CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<Table>
<Caption>
YEAR ENDED DECEMBER 31,
----------------------------------------------------------
2004 2003 2002 2001 2000
-------- -------- -------- -------- --------
(DOLLARS IN MILLIONS)
(Loss) income before income taxes, minority interest, and equity
income ......................................................... $ (722) $ (116) $ 437 $ (664) $ 1,213
Cash dividends received from non-consolidated affiliates and other 3 (21) (7) 1 1
Portion of rentals deemed to be interest ......................... 63 53 51 48 47
Interest and related charges on debt ............................. 232 211 210 250 210
-------- -------- -------- -------- --------
Earnings available for fixed charges ...................... $ (424) $ 127 $ 691 $ (365) $ 1,471
======== ======== ======== ======== ========
Fixed charges:
Portion of rentals deemed to be interest ....................... $ 63 $ 53 $ 51 $ 48 $ 47
Interest and related charges on debt ........................... 232 211 210 250 210
-------- -------- -------- -------- --------
Total fixed charges ....................................... $ 295 $ 264 $ 261 $ 298 $ 257
======== ======== ======== ======== ========
Ratio of earnings to fixed charges ........................... N/A N/A 2.6 N/A 5.7
======== ========
</Table>
Fixed charges exceeded earnings by $719 million, $137 million and $663
million for the years ended December 31, 2004, 2003 and 2001, respectively
resulting in a ratio of less than one.