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VECTOR AEROMOTIVE CORPORATION TERMINATES GERALD A. WEIGERT AS ITS PRESIDENT, CHAIRMAN AND CEO

 WILMINGTON, Calif., March 24 /PRNewswire/ -- Effective March 22, 1993, the board of directors of Vector Aeromotive Corporation (NASDAQ: VCAR) removed Gerald A. Weigert as its president, chairman and CEO. Weigert founded the Wilmington, California-based manufacturer of exotic sports cars in 1987, and since that time has served as the company's president, chairman and CEO. Weigert continues to serve as a director of the company.
 An executive committee of the board of directors has been established to oversee Vector management until Wiegert's successor is appointed. The executive committee consists of three of the company's current directors -- John Pope, George Fencl and Baduraman Dorpi.
 The company's production activities had recently been suspended in order to reduce operating costs and to focus on the introduction and production of the company's new automobiles, the Vector Avtech WX3-R (Roadster) and Vector Avtech WX3-C (Coupe). The executive committee is currently evaluating additional funding opportunities.
 In addition, the executive committee expressed full support of all other existing Vector management and officers, and are confident that the company will successfully move forward. "We do not believe that the termination of Weigert will adversely affect our existing Vector distributor and dealership program currently underway," said Robert Braner, Vector's vice president of marketing and sales. The company is maintaining its plans of introducing its new Vector Avtech WX3-R model at next month's New York International Auto Show.
 -0- 3/24/93
 /CONTACT: Robert Braner, vice president, 310-326-8338, or fax 310-534-1764, or Walter Baell, national sales/svc. mgr., 201-584-5226, or fax 201-584-5288, both of Vector Aeromotive, or Barry Toepke of Gaylord Inc., 916-446-9800, or fax 916-446-9890, for Vector Aeromotive/
 (VCAR)


CO: Vector Aeromotive Corporation ST: California IN: AUT SU: PER

TM -- NY005 -- 8972 03/24/93 09:00 EST
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Publication:PR Newswire
Date:Mar 24, 1993
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