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Harvard Officers Purchase $656,000 Of Harvard Common Stock

11 October 1999

Harvard Officers Purchase $656,000 Of Harvard Common Stock

    LEBANON, N.J., Oct. 11 -- Roger Pollazzi, chairman and chief
executive officer of Harvard Industries, Inc. today announced
that the following corporate officers have collectively purchased 100,000
shares of the Company's common stock in a private transaction at the aggregate
cost of $656,000: Roger Pollazzi, Jim Gray, Vince Toscano, Ted Vogtman, Kevin
Price, Jerry Tighe, John Brock, John Gockeler, and Dave Stegemoller.
    According to Pollazzi, "Our senior officers are very committed to this
Company and are extremely pleased to invest their own money in the continuing
success of Harvard Industries."
    As announced last week, Harvard's board of directors authorized the
Company to repurchase up to $5 million of its common stock.  As a result, the
Company purchased 762,000 shares of its common stock in a private transaction
at an aggregate cost of $4.59 million.
    As of September 30, 1999, the Company had 10.2 million shares of common
stock outstanding.
    Harvard Industries designs, develops and manufactures a broad range of
components for OEM manufacturers and the automotive aftermarket, as well as
aerospace and industrial and construction equipment applications worldwide.
The Company has approximately 3,000 employees at 10 plants in the United
States and Canada.
    Statements herein regarding the Company's future performance, including
the Company's ability to consummate transactions, constitute forward-looking
statements within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934.  Such statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from those
projected.  With respect to the Company's long-term business strategies,
management has made certain assumptions regarding the Company's performance
which may change or be affected by, among other things, customer demand for
the Company's products, and adverse changes in general, market and industry
conditions.  In addition, there can be no assurance that the Company will be
able to successfully identify, negotiate or complete any acquisitions or
divestiture transaction, which the Company may be currently contemplating.
Management believes that forward-looking statements are reasonable, however
undue reliance should not be placed on such forward-looking statements, which
are based on current expectations.