Metaldyne Applauds President's Decision to Eliminate Steel Tariffs

PLYMOUTH, Mich., Dec. 4, 2003 -- Metaldyne applauds President George W. Bush's announcement today eliminating the Section 201 steel tariffs.

"Metaldyne is very pleased by the President's decision," said Tim Leuliette, chairman, president and CEO, Metaldyne. "The elimination of the tariffs will enable Metaldyne to obtain steel at globally competitive prices which will improve our competitive position. Ultimately, the President's decision will enable Metaldyne to continue to invest in its U.S.-based operations and U.S.-based manufacturing jobs.

"Metaldyne would like to thank U.S. Representative Joe Knollenberg for his early leadership on this important issue. His action in bringing the facts to the Administration will help Metaldyne and other automotive suppliers maintain manufacturing jobs in the U.S."

About Metaldyne

Metaldyne is a leading designer and supplier of metal-based components, assemblies and modules to the global automotive industry. Through its Chassis, Driveline & Transmission, and Engine groups, Metaldyne provides a full range of products including engine, transmission/transfer case components, wheel-end and suspension assemblies, axle and driveline assemblies, and noise and vibration control modules for a variety of motor vehicle applications.

Headquartered in Plymouth, Mich., Metaldyne has annual revenues of $1.5 billion. The company employs more than 7,250 employees at 50 facilities in 11 countries.

For more information, please visit http://www.metaldyne.com/ .