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.

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