This Week:

• Supervisory Board Approves New Management For Chrysler Group
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• Senior Management Changes Announced at Chrysler Group 

• Massive increase in Porsche profits

• BMW X5 Achieves Best Performance Of Any SUV In Insurance Institute For Highway Safety Offset Crash Test
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• "Audi Forum Ingolstadt" almost completed / Official inauguration of the complete area in December / "museum mobile" as the focal point

• DaimlerChrysler, Ford And General Motors Partner To Develop Dealer Infrastructure Guidelines
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• GM Argentina Celebrates Production Of 100, 000th Vehicle

• Renault returns to Australia with strong Nissan support
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• Hayes Lemmerz International to Supply Crossmembers To Mitsubishi Motor Manufacturing 
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• Volkswagen of America, Inc. to Break Ground on New Multi-Million Dollar Parts Distribution Facility in Hazlett, Texas

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News of  November 21, 2000

Hayes Lemmerz International to Supply Crossmembers To Mitsubishi Motor Manufacturing

NORTHVILLE, Mich - Hayes Lemmerz International, Inc., a leading global supplier to the automotive and commercial highway industries, announced today that it has received a contract from Mitsubishi Motor Manufacturing, Normal, Illinois, to supply one-piece aluminum crossmembers for Mitsubishi Galant, Eclipse, and Eclipse Spyder models, made in North America and equipped with V-6 engines, beginning with the 2001 models. The terms of the contract were not disclosed.

Hayes Lemmerz will make these parts at its Bristol, Indiana facility.

Designed to replace steel units, the aluminum component will be made as a one-piece aluminum casting and provides for significant weight savings.

According to Mish Jaksic, president of Hayes Lemmerz' Suspension Components business unit, "The structural nature of the application and our first such application with Mitsubishi Motor Manufacturing makes the one-piece aluminum crossmember a very important program. This market is expected to grow significantly because of the need for high-integrity, high-quality castings.  These products are lighter and stronger than a conventional steel unit and are designed to provide a noticeable reduction in noise, vibration and harshness.  In addition, they help deliver sharper steering and handling while the lighter mass helps agility and fuel economy."

(Nov. 17, 2000)

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