Stoneridge Updates Outlook for Second-Quarter and Full-Year 2001

    WARREN, Ohio, July 2 Stoneridge, Inc.
announced today that it has lowered its earnings estimates for the second
quarter ending June 30, 2001 and the fiscal year ending December 31, 2001.
    Based primarily on the current business environment, the Company indicated
that earnings per share for the second quarter are projected to be in the
range of $0.05 to $0.10.  Furthermore, the Company has revised its outlook for
fiscal 2001 earnings from an expected range of $0.79 to $0.85 to an expected
range of $0.30 to $0.40 per share.
    "A continued softening in automotive and commercial vehicle production,
temporary tire shortage-related plant shutdowns at Ford Motor Company, and the
delayed launch of several new programs, including a seat position sensor and a
fuel cutoff switch, have impacted our performance more than previously
anticipated," said Cloyd J. Abruzzo, president and chief executive officer.
    "We are continuing to implement cost reduction programs to address the
current industry and economic conditions, and are diligently monitoring
capital spending.  Despite the market volatility we are currently
experiencing, Stoneridge is taking the appropriate actions in response to the
challenging business environment.  We believe our capabilities to deliver
highly engineered electrical and electronic components, modules and systems
position us well to capitalize on growth in electrical and electronic content
as a percentage of total vehicle value."
    A live Internet webcast of Stoneridge's conference call regarding the 2001
second-quarter and full-year earnings outlook can be accessed, and a replay
will be archived, at http://www.vcall.com and http://www.stoneridge.com beginning at
11:00 a.m. Eastern Time on July 3.
    Stoneridge, Inc., headquartered in Warren, Ohio, is a leading independent
designer and manufacturer of highly engineered electrical and electronic
components, modules and systems principally for the automotive, medium and
heavy-duty truck, agricultural and off-road vehicle markets.  Sales in 2000
were approximately $667 million.  Additional information about Stoneridge can
be found on the World Wide Web at http://www.stoneridge.com .
    Statements in this release that are not historical fact are forward-
looking statements, which involve risks and uncertainties that could cause
actual events or results to differ materially from those expressed or implied
in this release.  Factors that may cause actual results to differ materially
from those in the forward-looking statements include, among other factors, the
loss of a major customer, a decline in automotive, medium and heavy-duty truck
or agricultural vehicle production, the failure to achieve successful
integration of any acquired company or business, labor disputes involving the
Company or its significant customers, risks associated with conducting
business in foreign countries, or a decline in general economic conditions.
Further information concerning issues that could materially affect financial
performance related to forward-looking statements contained in this release
can be found in Stoneridge's periodic filings with the Securities and Exchange
Commission.