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Intermet New River Foundry Accident

6 March 2000

Intermet New River Foundry Accident

    TROY, Mich., March 6 Intermet Corporation's
New River Foundry located in Radford, Virginia, had a major explosion from yet
undetermined causes at approximately 9:30 p.m. Sunday night.  There apparently
has been a fatality, two people missing, and several injured.  Our biggest
current concern is the welfare of those involved and their families.
    We are cooperating with authorities to determine the extent of the
injuries and the cause of the explosion.
    We will provide more information as it becomes available.
    With headquarters in Troy, Michigan, Intermet Corporation is a full-
service supplier of powertrain, chassis/suspension and structural components
to the worldwide automotive industry.  Intermet also manufactures cranes and
specialty service vehicles.  The company has more than 8,000 employees at
facilities located in North America and Europe.  More information about the
company is available on the Internet at http://www.intermet.com