Cooper-Standard Automotive to Close Getafe Plant in Spain

NOVI, Mich. - March 2, 2010 - Cooper-Standard Holdings Inc., a leading global automotive supplier, announced today that the subsidiary company Cooper-Standard Automotive España SL will initiate legal proceedings to close its automotive Fluid plant located at Polígono Industrial San Marcos in Getafe, Spain. The closure is slated to be complete by August - September 2010.

This is the result of an in-depth analysis of the facility’s situation and current market conditions. The closure is due, in part, to the continued deterioration of the Spanish automotive industry. As a result, the Getafe plant does not have the necessary production volumes to continue operations.

“This announcement comes as part of Cooper-Standard’s ongoing effort to better align our manufacturing operations with current industry demand,” said Keith D. Stephenson, president international division, Cooper-Standard Automotive. “While other possibilities were studied, the current economic climate, unfavorable fixed cost structure and expiration of two customer contracts this year at the Getafe facility hinder the on-going viability of the facility’s business.”

The Getafe operation employs approximately 75 employees and manufactures fuel and brake products, such as brake boosters, vapor and clutch lines, and water valves. Cooper-Standard is working with the appropriate government agencies to assist the affected workers throughout the transition.

About Cooper-Standard Automotive
Cooper-Standard Automotive Inc., headquartered in Novi, Mich., is a leading global automotive supplier specializing in the manufacture and marketing of systems and components for the automotive industry.  Products include body sealing systems, fluid handling systems and NVH control systems. Cooper-Standard Automotive employs approximately 16,000 people globally and operates in 17 countries around the world. For more information, please visit the company’s website at www.cooperstandard.com.

Media Contacts:
Sharon Wenzl, Cooper-Standard Automotive
248-596-6211

Axel Hofmann, Cooper-Standard Automotive
+49-621-4702-505