Spartan Motors Unveils 2001 Growth Plan

    LAGUNA NIGUEL, Calif., Feb. 21 Spartan Motors, Inc.
today unveiled its growth strategy for 2001 that focuses on
gaining market share for its core chassis platforms and emergency vehicle
businesses while improving its operating efficiencies.

    The plan, presented to fund managers and analysts at the Roth Capital
Partners Growth Stock Conference Feb. 19-21 in Laguna Niguel, Calif., laid out
growth opportunities based on Spartan's continued conversion of commercial-
driven markets into the build-to-order custom platforms and vehicles it
produces.

    John Sztykiel, president and chief operating officer of Spartan Motors,
and Richard Schalter, executive vice president and chief financial officer,
told participants at the Roth Conference that:

    *  Profits from its Emergency Vehicle Team subsidiaries are expected to
double in 2001.

    *  The Company expects to maintain strong cash flow, helped in part by its
inventory turns, which improved by 50 percent in 2000.

    *  The Company expects additional operating improvements in 2000,
accelerated by the introduction of a new value-added financial, compensation
and operating model.

    *  The Company confirmed that it is comfortable with Red Chip analyst Jeff
Tryka's earnings estimate of $0.46 per share for 2001.

    "We have redefined our business to focus on our core competencies:
designing innovative platforms for our RV and fire truck customers, and
building custom ambulances and fire trucks," Sztykiel said.  "Last year, we
adopted an attitude of continuous improvement and began the shift to lean
manufacturing.  As a result, we significantly improved our operating
efficiencies, allowing us to post one of our best fourth quarters in recent
history.

    "We plan to build on this momentum in 2001, and look to pick up increased
market share.  We are positioned for profitable growth and feel our stock,
which remains undervalued in the marketplace, has upside potential."