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Harvard Industries' Reorganization Plan Approved

24 August 1998

Harvard Industries' Reorganization Plan Approved

    LEBANON, N.J., Aug. 24 -- Harvard Industries, Inc.
(OTC Bulletin Board: HAVAQ HAVPQ) today announced the approval of the
Disclosure Statement in respect of its Plan of Reorganization.  The Honorable
Judge Susan Robinson of the United States Bankruptcy Court of Delaware
confirmed the action, allowing Harvard Industries to proceed with ballot
solicitation for its Plan of Reorganization.
    The Plan of Reorganization, which covers Harvard and its nine domestic
subsidiaries, will be distributed to the company's shareholders and creditors
for their review and comment.  Ballots and comments will be tallied and
reviewed for a confirmation hearing scheduled for October 14, 1998.
    "We are very pleased with the outcome of Wednesday's hearing," said Roger
G. Pollazzi, Harvard's Chief Operating Officer.  "The momentum continues to
build at Harvard Industries. We are moving forward with a new management team
in place, unencumbered by our non-performing assets, and bolstered by top-
level financing.  We are anxious to proceed through the remaining steps in the
bankruptcy process and emerge as a stronger, more effective company."
    Harvard Industries, Inc. through its subsidiaries, designs, develops and
manufactures a broad range of components for original equipment manufacturers
producing cars and light trucks in North America and abroad.  Harvard and its
domestic subsidiaries have been operating since May 8, 1997 under the
protection of Chapter 11 of the United States Bankruptcy Code.