Thank you for your ongoing business and support as we work to improve our operations and financial structure to address the changing realities of today’s global automotive marketplace.

On October 30, 2006, DURA announced that it has voluntarily elected to pursue a financial restructuring of the company and its U.S. and Canadian subsidiaries under Chapter 11 of the U.S. Bankruptcy Code.  Our European and other operations outside the U.S. and Canada are not part of the filing.

Ensuring continuity of supply to our customers is of utmost importance to us.  It is of highest priority that we meet our supply requirements to our customers during this challenging period, and we are committed to doing so.

Our decision to file for Chapter 11 was taken after a careful review of all our alternatives to address our debt burden and interest expense and is needed in the wake of the continued and accelerated deterioration of the North America automotive industry.  Reorganizing at this time under court protection and supervision is in the very best interest of all of our stakeholders and is critical to ensuring that DURA is one of the industry’s survivors.

Chapter 11 will give us the financing, time and protections we need to continue day-to-day operations, enhance our operational restructuring program and make the changes needed to our capital structure to position DURA for long-term success.   

As part of the filing, we have arranged for approximately $300 million in Debtor-in-Possession financing, part of which will provide DURA with the working capital to meet our obligations to customers, suppliers and employees.  DURA has requested and expects to receive interim Court authority to continue paying wages, salaries and benefits to employees without interruption.  The company will also continue to pay to post-petition obligations, including employee, service and vendor obligations, in the ordinary course of business.  These steps will enable us to ensure continuity of supply to customers.

In addition, we will be able to continue to invest in our customers through ongoing R&D, and the rollout of 140 new products planned for 2006 continues as planned.  We believe that once our operational and financial restructuring programs are complete, we will be in a better competitive position.  DURA will offer our customers best-in-class quality with best-in-cost production through an expanded lean manufacturing global footprint.

We will keep you informed and updated about our progress.  If you would like additional information, please contact your primary DURA sales representative or call our financial restructuring hotline at: