Earlier today, the Michigan Economic Growth Authority (MEGA) announced the approval of a tax credit for Hayes Lemmerz worth an estimated $2.3 million over 20 years. The tax credit was central to the Company's ability to establish its new operations.

"Hayes Lemmerz appreciates the assistance from the State of Michigan. It makes it possible to keep our operations in Michigan," said John Salvette, Hayes Lemmerz' North American Components Group president. He adds, "The expansion is required in order to handle new customer business and will provide new and advanced processing capabilities."

Hayes Lemmerz International, Inc. is one of the world's leading global suppliers of automotive and commercial highway wheels, brakes, powertrain, suspension, structural and other lightweight components. The Company has annual sales of $2.3 billion with 43 plants, 8 joint venture facilities and over 15,000 employees worldwide.

(Feb. 22, 2000)