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Standard Products Expects GM Strikes to Reduce Q4 Earnings

8 July 1998

Standard Products Expects GM Labor Strikes to Reduce Fiscal Fourth Quarter Earnings

    DEARBORN, Mich., July 7 -- The Standard Products Company
, a leading supplier to the worldwide automotive original equipment
industry, said it expects labor strikes at General Motors Corp. to reduce
earnings for its fiscal fourth quarter ended June 30, 1998, by $0.10 per
share.  The Company said fourth quarter sales would be lower by $8 million as
a result of the strike.  General Motors accounts for about 13 percent of
Standard Products' sales worldwide.  The Company said the strike would
continue to impact sales and earnings until it is resolved.
    Certain statements in this press release constitute "forward-looking
statements" as that term is defined under the Private Securities Litigation
Reform Act of 1995.  The achievement of the projections and estimates set
forth is subject to certain risks and uncertainties, including general
economic and industry conditions, that affect all international businesses, as
well as matters that are specific to the Company and the market it serves.
    Standard Products manufactures sealing, trim and vibration control systems
for the automotive original equipment industry in North and South America and
Europe.  Its Holm Industries subsidiary produces seals for residential and
commercial appliances, doors and windows.  Its Oliver Rubber subsidiary
manufactures tread rubber and equipment for the retread industry.  More
information may be found on the Standard Products Internet Website at
http://www.standardproducts.com.