This Week:

• TOYOTA MOTOR CORPORATION and PSA PEUGEOT CITROËN Agree to Enter a Cooperation on Joint Development and Production of Small Cars
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• The CleanEnergy WorldTour 2001 comes to California
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• Ford Motor Company Appoints Executives To Brand, Finance Roles
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• First half of 2001: Audi even better than expected
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• Lexus Introduces Two New IS 300 Models
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• The leading brand in Western Europe, Renault, along with Dacia and Samsung, increased first half 2001 unit sales by 11.6% in the rest of the world.
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• Cadillac Forms A New, Stronger Professional Vehicle Team
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• Chrysler Group Announces Evolution of Product Creation Process
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• Hayes Lemmerz Announces Plans to Close Petersburg Facility
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• Oracle and Wingcast Form Strategic Alliance to Drive Next-Generation Wireless Services for Cars
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News of  July 18, 2001

Hayes Lemmerz Announces Plans to Close Petersburg Facility

NORTHVILLE, Mich. - Hayes Lemmerz International, Inc. announced plans to permanently close its facility in Petersburg, Michigan before the end of this year.  The decision to close the plant in Petersburg was based on changing market requirements and an effort to drive down costs and increase efficiency by consolidating manufacturing capacity.

The plant currently employs approximately 150 people, including hourly and salaried staff, who manufacture polymer intake manifolds for automotive customers, for use in domestically produced light vehicles.

"The decision to close the Petersburg facility was an extremely difficult one for us," said Ron Cucuz, Chief Executive Officer of Hayes Lemmerz.  "It is never an easy decision, but the need to remain competitive in a very demanding and rapidly evolving industry requires us to take these measures." "We will work to assist our people affected by the closure," added Cucuz.

(July 12, 2001)

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