Commercial Vehicle Group Announces Closure and Consolidation of Liberec, Czech Republic Facility

NEW ALBANY, Ohio, Dec. 15, 2009 -- Commercial Vehicle Group, Inc. today announced a restructuring plan which includes the closure and consolidation of one of its facilities located in Liberec, Czech Republic. The 115 thousand square foot facility was primarily related to the manufacturing and assembly of wiring harness products and will be consolidated into an existing CVG facility located in the Czech Republic. No employees will be impacted as a result of this move and the Company expects the restructuring to be completed by January 2010.

"With the volume decreases we have seen throughout this year, we have been proactive in consolidating our operations. The additional capacity we have within our Czech operations has permitted us to take further actions in minimizing our square footage on a more permanent basis," said Kevin Frailey, EVP and General Manager of the Electrical Systems group of Commercial Vehicle Group. "This consolidation will be beneficial for us as we move forward through the creation of a more optimal use of our overall manufacturing footprint and the elimination of unnecessary fixed costs," concluded Mr. Frailey.

The Company expects to record approximately $1.5 million in one-time restructuring costs in December 2009 primarily related to the remaining lease payment obligations through December 2011. The Company estimates the restructuring actions will eliminate approximately $1.3 million of facility and operating expenses on an annual basis once the closure is complete.

"Given our fixed overhead costs in the Czech Republic, this decision was necessary to best utilize our facilities and minimize our overall cost basis going forward," said Mervin Dunn, President and Chief Executive Officer of Commercial Vehicle Group. "This is just one of the many actions we have taken over the past several years to continually align our costs and streamline our operations to ensure we remain a strong global competitor," concluded Mr. Dunn.

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. The Company is headquartered in New Albany, OH with operations throughout North America, Europe and Asia.

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. In particular, this press release may contain forward-looking statements about Company estimates for future periods with respect to restructuring costs and facility and operating expense. 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) general economic or business conditions affecting the markets in which the Company serves; (ii) the Company's ability to develop or successfully introduce new products; (iii) risks associated with conducting business in foreign countries and currencies; (iv) increased competition in the heavy-duty truck market; (v) the impact of changes in governmental regulations on the Company's customers or on its business; (vi) the loss of business from a major customer or the discontinuation of particular commercial vehicle platforms; (vii) the Company's ability to obtain future financing due to changes in the lending markets or its financial position; and (viii) various other risks as outlined under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for fiscal year ending December 31, 2008 and under the heading "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarters ended March 31, 2009 and June 30, 2009. There can be no assurance that statements made in this press release relating to future events will be achieved. The Company 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 the Company or persons acting on behalf of the Company are expressly qualified in their entirety by such cautionary statements.