Commercial Vehicle Group, Inc. Reports Restructure of Monona Operations

NEW ALBANY, Ohio, March 8 -- Commercial Vehicle Group, Inc. , today reported plans to restructure certain of its Monona Wire Corporation ("Monona") operations. The company acquired all of the stock of Monona Corporation, the parent of Monona Wire Corporation, on June 3, 2005. The plan calls for the closure of its Spring Green, Wis. operations as well as an administrative office located in Naperville, Ill.

The Naperville, Ill. administrative office will be relocated to the company's corporate headquarters in New Albany, Ohio. The Spring Green, Wis. facility, which primarily manufactures and assembles electronic wiring harnesses for certain commercial vehicle OEMs, will primarily be relocated to existing operations located in Edgewood, Iowa and Agua Prieta, Mexico.

"This type of decision is never easy when it affects our employees," said Jerry Armstrong, president, CVG America's. "However, it is an integral part of our strategy of continuous improvement, cost management and streamlining of the organization, both from an administrative and operational standpoint. We sincerely hope that these activities have minimal impact on the communities involved."

As part of the acquisition of Monona, the company recorded approximately $2.0 million for the restructuring activities, which is included in its consolidated balance sheet as of Dec. 31, 2005. These activities are expected to begin during 2006 and be substantially complete by Dec. 31, 2006. The costs related to the activities are not expected to impact the company's 2006 estimates for sales, operating margin, net income or earnings per share.

About Commercial Vehicle Group, Inc.

Commercial Vehicle Group is a leading supplier of fully integrated system solutions for the global commercial vehicle market, including the heavy-duty truck market, the construction and agriculture market and the specialty and military transportation markets. The company's products include suspension seat systems, interior trim systems, such as instrument and door panels, headliners, cabinetry, molded products and floor systems, cab structures and components, mirrors, wiper systems, electronic wiring harness assemblies and controls and switches specifically designed for applications in commercial vehicle cabs. CVG is headquartered in New Albany, OH with operations throughout North America, Europe and Asia. Information about CVG and its products is available on the internet at http://www.cvgrp.com/ .

Forward-Looking Statements

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 on historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Actual results may differ materially from the anticipated results because of certain risks and uncertainties, including but not limited to: (i) CVG's ability to develop or successfully introduce new products; (ii) risks associated with conducting business in foreign countries and currencies; (iii) general economic or business conditions affecting the markets in which CVG serves; (iv) increased competition in the heavy-duty truck market; (v) CVG's failure to complete or successfully integrate additional strategic acquisitions; and (vi) various other risks as outlined in CVG's SEC filings. There can be no assurance that statements made in this press release relating to future events will be achieved. CVG undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. All subsequent written and oral forward-looking statements attributable to CVG or persons acting on behalf of CVG are expressly qualified in their entirety by such cautionary statements.