DURA Automotive Wins General Motors Glass Contract

    ROCHESTER HILLS, Mich.--Feb. 26, 2003--DURA Automotive Systems, Inc. today announced it has been awarded a contract from General Motors Corp. (GM) to provide rear-sliding windows for GM's current North American line of full-size pickup trucks, including the Chevrolet Silverado and GMC Sierra. Production is slated to begin in July 2003.
    "We're pleased to expand our GM partnership. Significantly, this window contract gives DURA's Glass Division Tier 1 status with GM," said Larry Denton, president and chief executive officer, DURA Automotive Systems. "The program further strengthens our market leadership in rear-sliding windows. It also exemplifies our growing ability to offer best-in-class products through superior prices and technology."
    DURA Automotive is the #1 North American supplier of manual and power sliding rear windows for the truck and sport-utility vehicle (SUV) market. DURA produces sliding window systems for the Dodge Dakota, Dodge Ram, Ford F150, Ford Sport-Trac, Nissan Frontier and Chevrolet Colorado pickup trucks.

    About DURA Automotive Systems

    DURA Automotive Systems, Inc., is the world's largest independent designer and manufacturer of driver control systems and a leading global supplier of seating control systems, engineered assemblies, structural door modules and integrated glass systems for the global automotive industry. The company is also a leading supplier of similar products to the North American recreation vehicle and mass transit market. DURA sells its automotive products to every North American, Japanese and European original equipment manufacturer (OEM) and many leading Tier 1 automotive suppliers. DURA is headquartered in Rochester Hills, Mich. Information about DURA and its products is available on the Internet at www.duraauto.com.

    This press release contains forward-looking statements that are subject to risks and uncertainties. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," or similar expressions. These statements are based on certain assumptions that the company has made in light of its experience in the industry as well as its perspective of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Actual results may differ materially from the anticipated results because of certain risks and uncertainties, including but not limited to (i) expected synergies, economies of scale and cost savings from the company's acquisitions not being fully realized or realized within the expected times frames; (ii) unanticipated difficulties servicing the indebtedness of the company; (iii) costs or operational difficulties related to integrating the operations of the acquired entities with those of the company being greater than expected; (iv) labor disputes involving the company or its significant customers; (v) risks associated with conducting business in foreign countries, and (vi) general economic or business conditions affecting the automotive industry, either nationally or regionally, being less favorable than expected.