Oxford Automotive Names David Treadwell CEO

TROY, Mich., Aug. 20, 2004 -- Oxford Automotive, Inc., a $1 billion Tier 1 supplier of specialized welded metal assemblies, has named David Treadwell Chief Executive Officer. Oxford Automotive's Board of Directors announced the appointment.

Treadwell, 50, replaces John Potter who retired in June. Treadwell's experience spans more than 20 years. In his role as CEO, he becomes responsible for the development of Oxford's strategic direction, focusing immediately on its capital structuring and divestiture issues.

Oxford, which is privately held, is poised for the launch of its 380,000- square-foot plant in McCalla, Alabama this year. It will supply complete underbody assemblies for the Mercedes M-Class and Grand Sports Tourer.

"David's strong transitional skills -- financial and organizational -- coupled with his automotive management background provide an invaluable combination for Oxford," said Mark R. Patterson, chairman of the board of Oxford Automotive.

"I believe in team work," said Treadwell, "I have great confidence in Oxford's president Jeff Wilson and the operational management team. This allows me to focus my attention on the capital structuring side of the business."

Treadwell has earned a solid reputation for working companies though transitions. He began his career with the late Heinz Prechter in his automotive, publishing and real estate groups. During Treadwell's tenure he led ASC Incorporated, a global specialty vehicle company, through several transitions and oversaw acquisitions and divestitures under the Prechter Holdings umbrella. Treadwell led the divestiture and wrap up of Prechter Holdings after the death of Mr. Prechter.

Most recently he has provided consulting services to early stage business ventures and stepped up his involvement on several corporate and public boards, including ASC Incorporated, Fifth Third Bank-Michigan East Region, Flat Rock Metals and the Wayne County Airport Authority.

Treadwell received his bachelor's degree in business administration from the University of Michigan in 1976, graduating with high honors. A resident of Canton, Michigan, he is married and the father of three children.

About Oxford Automotive

Oxford Automotive, Inc., with headquarters in Troy, Mich., is a leading Tier 1 supplier of specialized welded metal assemblies and related services. The company, which is privately held, employs approximately 6,600 people at 32 locations in nine countries. It has technology centers in the United States, France, and Germany. Annual sales in 2003 were approximately $1 billion. For more information, http://www.oxauto.com/ .