McLaren Performance Technologies Acquires Dart Machine, Ltd.

- Addition of Manufacturing Base to Further Fuel McLaren Growth Offensive -



Apr 12, 2001, 01:00 ET from McLaren Performance Technologies

    LIVONIA, Mich. and OLDCASTLE, Ontario, April 12 /PRNewswire/ -- McLaren
 Performance Technologies (Nasdaq:   MCLN) announced today that it has acquired
 Dart Machine, Ltd., a specialty manufacturer of precision powertrain
 components for original equipment applications and the automotive aftermarket.
 Based in Oldcastle, Ontario, Canada, Dart Machine, Ltd. has been redesignated
 -- McLaren Performance Products -- and is now a wholly-owned subsidiary of
 McLaren Performance Technologies.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20010321/MCLNLOGO )
     "Adding such a quality manufacturing enterprise to our McLaren Performance
 portfolio is yet another step in accelerating our growth offensive to
 aggressively expand beyond our engineering services base," said Steven Rossi,
 president and chief executive officer, McLaren Performance Technologies.
 "This is just the sort of high-octane opportunity that Bruce McLaren could
 have envisioned when he originally founded our company."
     "Positioning McLaren Performance Technologies not only as a single-source,
 engineering solutions specialist, but as a provider of high-performance
 powertrain components as well, supports our mission to be the industry's
 premium engineering partner of choice," Rossi continued.  "This development
 will further fuel our vision of revving up into the automotive aftermarket and
 back into the niche vehicle sector."  McLaren previously created such
 memorable specialty vehicles as the Buick GNX and the Pontiac GTP Turbo.
     It is projected that McLaren Performance Products will add $7 million US
 revenue in year one, with an anticipated growth rate that could be on the
 order of 20 percent annually.  In addition, with such a renowned manufacturing
 base, McLaren can now assume additional design and development opportunity,
 and truly go from prototype to production -- particularly in its engine and
 traction activities.
     McLaren's new Canadian-based machine subsidiary is known for producing
 quality cylinder heads in cast iron and aluminum, engine blocks and
 differential housings and will provide the Livonia-based engineering firm with
 cross-border cost efficiencies.  Synergies are expected to be extensive.
 McLaren Performance Products already serves such customers as
 DaimlerChrysler's Mopar group, Ford Racing, GM Powertrain/Motorsports/GMSPO,
 Getrag, Orenda Aerospace and World Products.
     Dart Machine's previous management will remain intact, with Geoff Owen
 serving as Vice President and General Manager.  Sam Cocca will also continue
 in his role as Controller of what is now McLaren Performance Products.
     McLaren Performance Technologies provides full-service design,
 development, fabrication, manufacturing, testing, validation, and
 certification of automotive powertrains and related components.  In addition,
 it develops and licenses patented traction systems, and has full vehicle
 development and prototyping capabilities.  First established as the engine
 development company for Bruce McLaren Motor Racing, McLaren Performance
 Technologies has been a recognized leader in the Detroit-area engineering
 community for more than 30 years.
     This release contains forward-looking statements within the meaning of
 Section 21E of the Securities Exchange Act of 1934, as amended, which are
 intended to be covered by the "safe harbor" created thereby.  These statements
 include the plans and objectives of management for future operations,
 including plans and objectives.  The forward-looking statements herein are
 based on current expectations that involve judgments with respect to, among
 other things, future economic, competitive, and market conditions and future
 business decisions, all of which are difficult or impossible to predict
 accurately and many of which are beyond control of the Company.  Although the
 Company believes that the assumptions underlying the forward-looking
 statements are reasonable, any one of the assumptions could be inaccurate and,
 therefore, can be no assurance that the forward-looking statements included in
 this release will prove to be accurate.
 
 

SOURCE McLaren Performance Technologies
    LIVONIA, Mich. and OLDCASTLE, Ontario, April 12 /PRNewswire/ -- McLaren
 Performance Technologies (Nasdaq:   MCLN) announced today that it has acquired
 Dart Machine, Ltd., a specialty manufacturer of precision powertrain
 components for original equipment applications and the automotive aftermarket.
 Based in Oldcastle, Ontario, Canada, Dart Machine, Ltd. has been redesignated
 -- McLaren Performance Products -- and is now a wholly-owned subsidiary of
 McLaren Performance Technologies.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20010321/MCLNLOGO )
     "Adding such a quality manufacturing enterprise to our McLaren Performance
 portfolio is yet another step in accelerating our growth offensive to
 aggressively expand beyond our engineering services base," said Steven Rossi,
 president and chief executive officer, McLaren Performance Technologies.
 "This is just the sort of high-octane opportunity that Bruce McLaren could
 have envisioned when he originally founded our company."
     "Positioning McLaren Performance Technologies not only as a single-source,
 engineering solutions specialist, but as a provider of high-performance
 powertrain components as well, supports our mission to be the industry's
 premium engineering partner of choice," Rossi continued.  "This development
 will further fuel our vision of revving up into the automotive aftermarket and
 back into the niche vehicle sector."  McLaren previously created such
 memorable specialty vehicles as the Buick GNX and the Pontiac GTP Turbo.
     It is projected that McLaren Performance Products will add $7 million US
 revenue in year one, with an anticipated growth rate that could be on the
 order of 20 percent annually.  In addition, with such a renowned manufacturing
 base, McLaren can now assume additional design and development opportunity,
 and truly go from prototype to production -- particularly in its engine and
 traction activities.
     McLaren's new Canadian-based machine subsidiary is known for producing
 quality cylinder heads in cast iron and aluminum, engine blocks and
 differential housings and will provide the Livonia-based engineering firm with
 cross-border cost efficiencies.  Synergies are expected to be extensive.
 McLaren Performance Products already serves such customers as
 DaimlerChrysler's Mopar group, Ford Racing, GM Powertrain/Motorsports/GMSPO,
 Getrag, Orenda Aerospace and World Products.
     Dart Machine's previous management will remain intact, with Geoff Owen
 serving as Vice President and General Manager.  Sam Cocca will also continue
 in his role as Controller of what is now McLaren Performance Products.
     McLaren Performance Technologies provides full-service design,
 development, fabrication, manufacturing, testing, validation, and
 certification of automotive powertrains and related components.  In addition,
 it develops and licenses patented traction systems, and has full vehicle
 development and prototyping capabilities.  First established as the engine
 development company for Bruce McLaren Motor Racing, McLaren Performance
 Technologies has been a recognized leader in the Detroit-area engineering
 community for more than 30 years.
     This release contains forward-looking statements within the meaning of
 Section 21E of the Securities Exchange Act of 1934, as amended, which are
 intended to be covered by the "safe harbor" created thereby.  These statements
 include the plans and objectives of management for future operations,
 including plans and objectives.  The forward-looking statements herein are
 based on current expectations that involve judgments with respect to, among
 other things, future economic, competitive, and market conditions and future
 business decisions, all of which are difficult or impossible to predict
 accurately and many of which are beyond control of the Company.  Although the
 Company believes that the assumptions underlying the forward-looking
 statements are reasonable, any one of the assumptions could be inaccurate and,
 therefore, can be no assurance that the forward-looking statements included in
 this release will prove to be accurate.
 
 SOURCE  McLaren Performance Technologies