Collins & Aikman Named '2002 Corporation of the Year' by General Motors

TROY, Mich., April 14 -- Collins & Aikman Corporation announced that it was named Corporation of the Year at GM's annual Supplier of the Year ceremonies Saturday, April 12, in Miami, Florida. In addition to being named the 2002 Corporation of the Year, Collins & Aikman has been recognized as a GM Supplier of the Year for its overall business performance in providing GM with quality parts and services. The awards were granted to Collins & Aikman for superior performance in quality, service, technology and cost across all of the product lines that the Company supplies to General Motors.

"We are extremely proud to have received top recognition as GM's Corporation of the Year. This accomplishment truly reflects our 'One Company' approach to business as it was awarded for all of the products we supply," said Jerry L. Mosingo, Collins & Aikman's president and chief executive officer. "Our broad range of quality products play an important role in the success GM vehicles continue to see in the marketplace -- helping vehicle lines differentiate themselves from the competition."

The GM Supplier of the Year award began as a global program in 1992. Award-winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 70 suppliers for their excellence throughout 2002. Collins & Aikman supplies General Motors, components, modules, systems and services across all of its product lines, including: complete cockpits, interior and exterior trim components and systems, acoustic components and systems, floor systems, accessory mats, automotive fabric, and convertible roof systems.

"Collins & Aikman's technology innovation, flexibility and strategic global presence is positioned to support GM's effort to become the industry's low cost, producer of high-quality vehicles," said Bo Andersson, vice president, GM Worldwide Purchasing Production Control & Logistics. "The company's quality and cost savings performance in 2002 make it GM's Corporation of the Year."

Collins & Aikman Corporation, a Fortune 500 company, is a global leader in cockpit modules and automotive floor and acoustic systems and a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company's current operations span the globe through 15 countries, more than 120 facilities and over 25,000 employees who are committed to achieving total excellence. Collins & Aikman's high-quality products combine superior design, styling and manufacturing capabilities with NVH "quiet" technologies that are among the most effective in the industry. Information about Collins & Aikman is available on the Internet at www.collinsaikman.com .