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March 9, 1999

Geneva Auto Show - A Path Breaking New Ferrari: Inside, Alcoa Business

PITTSBURGH--March 9, 1999-- Renowned Italian sports car manufacturer Ferrari unveils its new "360 Modena" today at the 1999 Geneva International Motor Show.

But automobile fans will need X-ray vision to see one of the features that gives this new Ferrari its record-setting performance capability: an all-aluminum body structure built together with Ferrari inside Ferrari's famed Scaglietti Works in Modena, Italy.

Alcoa Automotive Structures has worked in partnership with Ferrari for five years to assist with the development of the aluminum body structure for this significant new car.

This collaboration culminated with Alcoa helping to establish an assembly line inside Ferrari's Scaglietti plant. This operation uses extruded and die-cast components made in Alcoa's plant in Soest, Germany; sand castings made by Ferrari in Maranello, Italy; and sheet components from Alcoa Mill Products in Danville, Illinois. The high-performance body structure is built on-site and is then moved a few meters, directly to the assembly line.

In recent years, Alcoa has collaborated with Audi and with DaimlerChrysler to create high-performance aluminum body structures for the Audi A8 and the Plymouth Prowler. Alcoa is the global leader in aluminum technology for the automotive market, with nearly every European and U.S. automaker on its customer list.

"The 360 Modena is the first series production program where Alcoa has worked so closely with a manufacturer," said Alcoa Chairman Paul O'Neill.

Styled by Pininfarina, the all-aluminum 360 Modena establishes a new standard in performance, aerodynamics and advanced engineering. The exotic two-seater incorporates superb handling, sophisticated suspension and excellent interior space with a refined cabin layout.

The 360 Modena replaces the hugely successful F355 model (the Spider version continues in production alongside the 360 Modena for the immediate future.) The 360 Modena will be available throughout the international Ferrari sales network by the summer.

Your budget isn't ready for a Ferrari? Consider this . . . Interested consumers should keep a watchful eye on high-end manufacturers like Ferrari. Before automotive mainstays such as disc brakes, radial tires, air conditioning and air bags became common in mid-size family cars, they first appeared as premium features in luxury models. Given the improved performance, safety enhancements and fuel efficiency of Alcoa's high-performance body structures, an all aluminum mini-van cannot be far behind.

Founded in 1888, Alcoa is the world's leading producer of primary aluminum, fabricated aluminum and alumina and a major participant in all segments of the industry: mining, refining, smelting, fabricating and recycling. Alcoa serves customers worldwide in the automotive, aerospace, packaging, construction and other markets with a great variety of fabricated and finished products.