Court Approves DURA Automotive Systems´ Revised Disclosure Statement



    DURA Automotive Systems, Inc. (Pink Sheets: DRRAQ) today announced
    that the U.S. Bankruptcy Court for the District of Delaware has
    approved the company´s revised Disclosure Statement, solicitation
    procedures and creditor ballots. In a hearing that took place today,
    the Court determined that DURA´s revised Disclosure Statement contains
    the necessary information to enable creditors to vote on DURA´s
    revised Plan of Reorganization ("the Plan").

    DURA´s revised Plan, filed on March 7, 2008, is supported by
    DURA´s key creditor constituencies.

    The Court´s approval of the Disclosure Statement enables DURA to
    begin sending the revised Plan and Disclosure Statement to creditors
    to obtain their vote on the Plan. In addition, DURA´s balloting
    agent can soon begin distribution of ballots and accompanying support
    materials to parties eligible to vote to accept or reject the Plan.

    The Court also today set May 13, 2008, as the hearing date for
    Plan confirmation. Once the revised Plan is confirmed and
    administrative procedures are completed, DURA will officially emerge
    from Chapter 11.

    No Solicitation

    Neither the Disclosure Statement nor this press release are
    solicitations for votes to accept the Plan. Parties should refer to
    the revised Plan and the revised Disclosure Statement for information
    regarding the Plan, creditor recoveries contemplated thereby and other
    related matters.

    About DURA Automotive Systems, Inc.

    DURA Automotive Systems, Inc., is a leading independent designer
    and manufacturer of driver control systems, seating control systems,
    glass systems, engineered assemblies, structural door modules and
    exterior trim systems for the global automotive industry. DURA markets
    its automotive products to every North American, Asian and European
    original equipment manufacturer (OEM) and many leading Tier 1
    automotive suppliers. DURA is headquartered in Rochester Hills, Mich.
    Information about DURA and its products is available on the Internet
    at www.duraauto.com.

    Forward-looking Statements

    This press release may contain forward-looking statements within
    the "safe harbor" provisions of the Private Securities Litigation
    Reform Act of 1995, that reflect, when made, the Company´s current
    views with respect to current events and financial performance. Such
    forward-looking statements are and will be, as the case may be,
    subject to many risks, uncertainties and factors relating to the
    Company´s operations and business environment which may cause the
    actual results of the Company to be materially different from any
    future results, express or implied, by such forward-looking
    statements. Factors that could cause actual results to differ
    materially from these forward-looking statements include, but are not
    limited to, the following: (i) the ability of the Company to continue
    as a going concern; (ii) the ability of the Company to operate
    pursuant to the DIP Credit Agreement; (iii) the Company´s ability to
    obtain court approval with respect to motions in the chapter 11
    proceeding prosecuted by it from time to time; (iv) the ability of the
    Company to develop, prosecute, confirm and consummate one or more
    plans of reorganization with respect to the chapter 11 cases; (iv)
    risks associated with third parties seeking and obtaining court
    approval to terminate or shorten the exclusivity period for the
    Company to propose and confirm one or more plans of reorganization,
    for the appointment of a chapter 11 trustee or to convert the cases to
    chapter 7 cases; (v) the ability of the Company to obtain and maintain
    normal terms with vendors and service providers; (vi) the Company´s
    ability to maintain contracts that are critical to its operations;
    (vii) the potential adverse impact of the chapter 11 cases on the
    Company´s liquidity or results of operations; (viii) the ability of
    the Company to execute its business plans, and strategy, and to do so
    in a timely fashion; (ix) the ability of the company to attract,
    motivate and/or retain key executives and associates; (x) the ability
    of the company to avoid or continue to operate during a strike, or
    partial work stoppage or slow down by any of its unionized employees;
    (x) general economic or business conditions affecting the automotive
    industry either nationally or regionally, being less favorable than
    expected; and (xi) increased competition in the automotive components
    supply market. Other risk factors are listed from time to time in the
    Company´s United States Securities and Exchange Commission reports,
    including, those contained herein. Dura disclaims any intention or
    obligation to update or revise any forward-looking statements, whether
    as a result of new information, future events and/or otherwise.

    Similarly, these and other factors, including the terms of any
    reorganization plan ultimately confirmed, can affect the value of the
    Company´s various pre-petition liabilities, common stock and/or other
    equity securities. Additionally, no assurance can be given as to what
    values, if any, will be ascribed in the bankruptcy proceedings to each
    of these constituencies. A plan of reorganization could result in
    holders of Dura´s common stock receiving no distribution on account of
    their interest and cancellation of their interests. Under certain
    conditions specified in the Bankruptcy Code, a plan of reorganization
    may be confirmed notwithstanding its rejection by an impaired class of
    creditors or equity holders and notwithstanding the fact that equity
    holders do not receive or retain property on account of their equity
    interests under the plan. In light of the foregoing, the Company
    considers the value of the common stock to be highly speculative and
    cautions equity holders that the stock may ultimately be determined to
    have no value. Accordingly, the Company urges that appropriate caution
    be exercised with respect to existing and future investments in Dura´s
    common stock or other equity interests or any claims relating to
    pre-petition liabilities.