Dura Automotive Systems Settles Product Recall Issues

30 June 2000

Dura Automotive Systems Settles Product Recall Issues

    ROCHESTER HILLS, Mich. - Dura Automotive Systems, Inc. , today announced that 
it has settled two product recall issues.  These recalls were announced in the 
first half of 1999 and involved concerns associated with Trident Automotive plc
(Trident) speed control cables and a secondary hood latch.  Dura subsequently
acquired Trident in April 1998.

    Settlement of these two issues was reached through a cost sharing
agreement.  As a result of this agreement, Dura plans to record a one-time
pretax charge to operations of $16.0 million during the second quarter of
2000, to cover amounts not previously reserved.

    Dura Automotive Systems, Inc., is the world's largest independent designer
and manufacturer of driver control systems and a leading global supplier of
door systems, window systems and engineered mechanical components for the
global automotive industry.  The company is also a leading supplier of similar
products to the North American recreational vehicle, mass transit and heavy
truck market.  The company's products include door modules, parking brake
systems, automotive cables, transmission shifter systems, encapsulated and
sliding windows, window regulators, hinges, latches, seating systems, engine
control products, underbody tire carriers, jacks, brake, clutch and
accelerator pedals and other mechanical assemblies.  The company's products
are sold to every North American, European and Japanese original equipment
manufacturer, including Ford, General Motors, DaimlerChrysler, Volkswagen,
BMW, Toyota, Honda, Nissan, PSA (Peugeot and Citroen) and Renault.  Dura's
operating headquarters is in Rochester Hills, Mich., and its corporate office
is in Minneapolis, Minn.

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