Palm Inc. (PALM) and Delphi Automotive Systems Corp. (DPH) plan to announce Wednesday a new mobile communications product for automobiles.

The companies have scheduled an 11:30 a.m. EDT press conference in New York to announce the product, a Palm spokesman said. The chief executives of both companies are expected to attend.

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Palm, Santa Clara, Calif., makes handheld, wireless computers and licenses its operating system to other computer makers. Delphi, of Troy, Mich., makes automotive products.