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Dura Automotive Estimates Impact of Production Cuts

7 September 2000

Dura Automotive Estimates Impact of Production Cuts

    ROCHESTER HILLS, Mich., Sept. 7 Dura Automotive Systems, Inc. , today announced that it
expects earnings to be negatively impacted by continued weakness in the
recreational vehicle market down approximately 15 percent, production cuts
related to the Firestone tire recall on the Ford Explorer and Ranger vehicles,
and declines in the European currencies versus the U.S. dollar, where Dura has
approximately 30 percent of its business.
    These items are expected to reduce third-quarter 2000 earnings per share
by approximately 23 percent from the original consensus estimate of $0.75 per
share and fourth-quarter earnings per share by approximately 10 percent from
the original consensus estimate of $1.25 per share.  Dura Automotive believes
that there is limited potential for recovery of the recreational vehicle
market and European currencies stretching into 2001.  Nonetheless, given new
business growth and productivity initiatives, Dura Automotive believes its
earnings per share growth will continue to be in excess of 10 percent in 2001.