Hayes Lemmerz International, Inc. Files Proposed Plan of Reorg…

NORTHVILLE, Mich., July 4 /PRNewswire-AsiaNet/ –

Hayes Lemmerz International, Inc. ("Hayes" or the "Company") announced
today that it has filed a proposed plan of reorganization (the "Plan") and
disclosure statement with the United States Bankruptcy Court for the District
of Delaware (the "Court"). If confirmed by the Court, the Plan provides that
the Company’s debtor-in-possession ("DIP") lenders and prepetition secured
lenders would own substantially all of the common stock of the reorganized
Company and all of its global manufacturing locations, upon its emergence
from Chapter 11.

The Plan and the disclosure statement have to be approved by the Court.
Before the Company can solicit acceptances and seek approval of the Plan, the
Court must approve the adequacy of the disclosure statement. A hearing to
consider approval of the disclosure statement is scheduled for July 30th.

As previously announced, the material terms of the Plan were prearranged
with the DIP lenders and prepetition secured lenders prior to the
commencement of the Company’s reorganization cases. Accordingly, the Company
has the overwhelming support of its senior secured lenders regarding the
targeted reorganization contemplated by the Plan. The Company confirms that it
is on track within the targeted restructuring process and foresees that the
final Plan could be submitted for Court consideration as early as September.

As announced on May 11, 2009, the Company, certain of its U.S.
subsidiaries and one (non-operating) international subsidiary filed voluntary
petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the
District of Delaware. More information on the Company’s restructuring is
available on the "Restructuring Information" page on the Company’s website
(www.hayes-lemmerz.com), or through the Company’s Restructuring Information
Hotline, 888.753.5296 (for calls in the USA) or +1.734.737.5086 (for calls
outside the USA).

About Hayes Lemmerz International, Inc.
Originally founded in 1908, Hayes Lemmerz International, Inc. is a
leading worldwide producer of aluminum and steel wheels for passenger cars
and light trucks and of steel wheels for commercial trucks and trailers. The
Company is also a supplier of automotive powertrain components. The Company
has global operations with 23 facilities, including business, sales offices
and manufacturing facilities, located in 12 countries around the world. The
Company sells products to every major North American, Asian and European
manufacturer of passenger cars and light trucks and to commercial highway
vehicle customers throughout the world.

SOURCE: Hayes Lemmerz International, Inc.

CONTACT: Marika Diamond
Hayes Lemmerz International, Inc.
+1-888-753-5283
+1-734-737-5089