McLaren Performance Technologies To Supply High Performance Engine Parts To GM

Represents the Largest, Single Order in the Company's History

LIVONIA, Mich., Oct. 28, 2002; McLaren Performance Technologies, Inc. announced today that it has earned a significant piece of powertrain manufacturing business from General Motors, representing the largest, single order in the company's history.

The program calls for McLaren Performance to machine and sub-assemble special, high-performance cylinder heads and engine blocks for 2005 through 2008 production, and represents some $16 million in incremental sales over the course of the project. However, the program has the potential to run through 2010 and also increase in annual volume. The prototyping process has already begun, and the first run of cylinder heads is now on-line at the McLaren Performance machining center in Oldcastle, Ontario, Canada. Due to confidentiality concerns, the vehicle application remains undisclosed.

"As we continue to rev up as a single-source, powertrain solutions provider, this award demonstrates that between our Livonia, Michigan development center and our manufacturing base in Canada, McLaren Performance Technologies is well positioned to accelerate ahead," according to Steven Rossi, president and CEO.

McLaren Performance Technologies provides full service design, development, fabrication, manufacturing, testing, validation and certification of automotive and racing powertrains, and related components. The company was originally established in 1969 as the engine development company for Bruce McLaren Motor Racing.