Simpson Industries Awarded Engine Module Contract

14 January 2000
Simpson Industries Awarded Engine Module Contract
    PLYMOUTH, Mich., Jan. 13 -- Simpson Industries, Inc.
today announced that it has been selected to supply a major
engine module for a Model Year 2002 light-duty truck vehicle program.  The
mature sales are expected to exceed $30 million per year or approximately $250
million over the life of the program, which is estimated to be seven to ten
years.  The company is expected to finish 1999 with sales of approximately
$530 million.
    "This is a major early breakthrough for Simpson in its efforts to
establish modular engine business as a new growth initiative," said Roy E.
Parrott, Chairman and CEO of Simpson Industries.  "In addition, this award is
the largest dollar volume order received in the company's history and
demonstrates the global technical and manufacturing capability of Simpson in
modular products," added Mr. Parrott.  "Receiving this order tops off a record
year in which Simpson was awarded $106 million of new annualized business
awards that will be launched over the next three years in North America and
Europe."
    A leading supplier to the automotive industry for more than 40 years,
Simpson Industries leverages its expertise in cooling and lubrication systems;
noise, vibration and harshness (NVH) reduction; and wheel-end suspension
systems to provide design and manufacturing solutions enhancing functionality
and maximizing value for the OEM.  With headquarters in Plymouth, Michigan,
Simpson operates manufacturing facilities in the United States, Canada,
Mexico, Brazil, England, France, Spain, South Korea and India.
    Information about Simpson is available on the Internet at
http://www.simpsonind.com .
    Certain statements in this press release may be "forward-looking
statements" under the Securities Exchange Act of 1934.  Statements regarding
future operating performance, new programs expected to be launched and other
future prospects and developments are based on current expectations and
involve certain risks and uncertainties that could cause the actual results
and developments to differ materially from the forward-looking statements.
Potential risks and uncertainties include such factors as demand for the
Company's products, pricing and other actions taken by the Company.
    To receive a copy of this and other Simpson press releases by fax, please
call Company News-On-Call at 800-758-5804 -- extension 107165, or you can
access the information via the Internet at http://www.prnewswire.com .