GDX Announces Executive Management Appointments

In the news release, GDX Announces Executive Management Appointments, issued Sept. 29 by GDX Automotive over PR Newswire, we are advised by the company that the third paragraph, third bulleted item, should read "Mark Ploof, President, International Operations" rather than "Managing Director" as originally issued inadvertently. Complete, corrected release follows:

GDX Announces Executive Management Appointments

FARMINGTON HILLS, Mich., Sept. 29 -- GDX Automotive today announced the appointment of Howard Duxbury as Chief Operating Officer and President, Global. Mr. Duxbury joins GDX Automotive after senior management positions with TI Automotive and Siebe Automotive.

"GDX is fortunate to have a proven automotive industry leader of Mr. Duxbury's qualifications joining the team as we concentrate our efforts on improving operational performance of our global businesses," according to David Thursfield, GDX Automotive Executive Chairman.

GDX also announced the appointment of senior executives who will report to Mr. Duxbury:

- Mrs. Janice Stipp, Executive Vice President, Administration and Chief Financial Officer. Mrs. Stipp's previous experience includes serving as Finance Director at TI Automotive Global Fuel Systems and Vice President, Finance of Oxford Automotive.

- Doug Chapple, President, North America. Mr. Chapple joined GDX Automotive in March 2005 after leading Sarnamotive Blue Water Inc., a supplier of injection molded plastic components.

- Mark Ploof, President, International Operations. Mr. Ploof succeeds Mark Krupp in this position. Mr. Ploof, an adviser to Cerberus Capital Management, has previous industrial restructuring and operational experience with General Electric.

- Mark Krupp, Vice President, North America Special Projects with responsibility for operational restructuring.

GDX Automotive is a leading global supplier which designs, develops, markets and manufactures highly engineered sealing systems for both dynamic and static automotive applications. GDX's products include weather-strip seals, glass encapsulation, modular sealing systems and anti-vibration components. GDX global headquarters is in Farmington Hills, Michigan. Its European headquarters and technical center is in Grefrath, Germany. GDX has seven manufacturing sites in North America, nine plants in Europe, two joint ventures in China and employs approximately 7,500 people worldwide.

Headquartered in New York, Cerberus Capital Management, L.P. and its affiliated entities manage funds and accounts with capital in excess of $14 billion.