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HAYES WHEELS INTERNATIONAL TO INCLUDE COMMON STOCK OPTION IN EMPLOYEE 401(k) PLANS

 ROMULUS, Mich., Nov. 16 /PRNewswire/ -- Hayes Wheels International, Inc. (NYSE: HAY) today announced that it will include a Hayes Wheels common stock option in its employee 401(k) plans, effective Jan. 1, 1994. According to Bill Shovers, chief financial officer, the program will allow employees to select Hayes Wheels common stock as an investment option in addition to existing 401(k) options.
 Hayes Wheels filed a Form S-8 registration statement today with the Securities and Exchange Commission for the common stock option program. Shares of Hayes Wheels common stock will be purchased for the 401(k) plans on the open market by the trustee of the plans. No new shares will be issued by the company to supply the 401(k) plans.
 Hayes Wheels International is a world leader in the design, engineering and manufacture of steel and aluminum wheels for the automotive market in North America, Europe and Asia. Hayes Wheels is an affiliate of the Kelsey-Hayes Group of Companies.
 -0- 11/16/93
 /CONTACT: Jill Lucius, 313-567-5022, or Tony Petrucci, 313-567-5007, both of Anthony M. Franco, Inc., for Hayes Wheels/
 (HAY)


CO: Hayes Wheels International, Inc. ST: Michigan IN: AUT SU:

SB -- DE015 -- 4993 11/16/93 10:43 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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