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Stoneridge Updates Outlook for Fourth-Quarter 2000

8 January 2001

Stoneridge Updates Outlook for Fourth-Quarter 2000

    WARREN, Ohio, Jan. 8 Stoneridge, Inc. today
announced that earnings for the fourth quarter of 2000 will be less than the
First Call consensus estimate.
    The Company said earnings per share for the quarter are expected to be in
the range of $.04 to $.08 compared with a current First Call consensus
estimate of $.16 per share. The revised estimate includes a favorable impact
from an adjustment to the tax provision primarily to reflect the benefits of
tax restructuring initiatives.
    Earnings for the quarter fell as a result of the continuing decline in
automotive and commercial vehicle sales.  In addition, earnings were adversely
impacted by production inefficiencies resulting from a global shortage of
certain electronic components and fluctuating customer production schedules.
Unfavorable foreign exchange rates have also had negative impact on the
quarter.
    "During this industrywide downturn, we are accelerating our cost reduction
initiatives and aggressively challenging all discretionary spending," said
Cloyd J. Abruzzo, president and chief executive officer.  "At the same time,
we are increasing our product development spending to support the successful
launch of awarded business in 2001, 2002 and beyond."
    Stoneridge will report its fourth-quarter results in late January 2001.
    Stoneridge, Inc., headquartered in Warren, Ohio, is a leading independent
designer and manufacturer of highly engineered electrical and electronic
components, modules and systems principally for the automotive, medium and
heavy-duty truck, agricultural and off-road vehicle markets.  Sales in 1999
were approximately $675 million.  Additional information about Stoneridge can
be found on the World Wide Web at http://www.stoneridge.com .

    Statements in this release that are not historical fact are forward-
looking statements, which involve risks and uncertainties that could cause
actual events or results to differ materially from those expressed or implied
in this release.  Factors that may cause actual results to differ materially
from those in the forward-looking statements include, among other factors, the
loss of a major customer, a decline in automotive, medium and heavy-duty truck
or agricultural vehicle production, the failure to achieve successful
integration of any acquired company or business, labor disputes involving the
Company or its significant customers, risks associated with conducting
business in foreign countries, or a decline in general economic conditions.
Further information concerning issues that could materially affect financial
performance related to forward-looking statements contained in this release
can be found in Stoneridge's periodic filings with the Securities and Exchange
Commission.