Hayes Lemmerz Completes Sale of its Southfield, Michigan Suspension Machining Unit

NORTHVILLE, Mich., Oct. 16, 2006 -- Hayes Lemmerz International, Inc. announced today the sale of its Southfield, Michigan iron suspension components machining plant to Whitebox Advisors, LLC and the management team who had previously purchased the Company's Cadillac, Michigan ductile iron foundry in December 2005.

Under the agreement, this group has acquired all of the outstanding shares of stock of Hayes Lemmerz International - Southfield Inc., a wholly owned subsidiary of Hayes. The Company will be renamed 3Point Machine, Inc.

The plant employs about 180 people.

"The sale is further evidence of our commitment to concentrate resources on our core strengths and provide our Company with greater financial flexibility," said Curtis Clawson, President, CEO and Chairman of the Board.

"This transaction is considered very strategic to our core business as we are the primary casting source for this facility. Our Cadillac, Michigan and Southfield operations complement one another extremely well, and will create value that will enhance both facilities," said Daniel Minor, President of 3Point Machine, Inc. "We are delighted to welcome our new employees to 3Point Machine and we are very excited about the future."

Hayes Lemmerz International, Inc. is a leading global supplier of automotive and commercial highway wheels, brakes, powertrain, suspension, structural and other lightweight components. The Company has 33 facilities and approximately 10,000 employees worldwide.

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, which represent the Company's expectations and beliefs concerning future events that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. All statements other than statements of historical facts included in this release are forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements include the factors set forth in our periodic reports filed with the SEC. Consequently, all of the forward-looking statements made in this press release are qualified by these and other factors, risks, and uncertainties.