UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q
(Mark One)

[X]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934



| |                                              
| | ---------------------------------------------
| | For the quarterly period ended April 30, 2000

OR

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934



| |                                       
| | --------------------------------------
| | For the transition period from      to

Commission file number: 1-11592

HAYES LEMMERZ INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Its Charter)

|                                |  |                    
|------------------------------- |  | -------------------
|DELAWARE                        |  | 13-3384636         
|                               
|                               
|                               
|                               
|(State or Other Jurisdiction of |  | (IRS Employer      
|                               
|                               
|                               
|                               
|Incorporation or Organization)  |  | Identification No.)

15300 CENTENNIAL DRIVE
NORTHVILLE, MICHIGAN 48167

(Address of Principal Executive Offices)(Zip Code)

Registrants telephone number, including area code: (734) 737-5000

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes. [X] No.[   ]

The number of shares of common stock outstanding as of June 14, 2000, was
30,356,945 shares.





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HAYES LEMMERZ INTERNATIONAL, INC.
QUARTERLY REPORT ON FORM 10-Q

TABLE OF CONTENTS

|           |  |                                                                            |  |     
|---------- |  | -------------------------------------------------------------------------- |  | ----
|PART I     |  | FINANCIAL INFORMATION                                                      |  | PAGE
|          
|          
|          
|          
|Item 1.    |  | Financial Statements                                                      
|          
|          
|          
|          
|           |  | Consolidated Statements of Operations                                      |  | 3   
|          
|          
|          
|          
|           |  | Consolidated Balance Sheets                                                |  | 4   
|          
|          
|          
|          
|           |  | Consolidated Statements of Cash Flows                                      |  | 5   
|          
|          
|          
|          
|           |  | Notes to Consolidated Financial Statements                                 |  | 6   
|          
|          
|          
|          
|Item 2.    |  | Managements Discussion and Analysis of Financial Condition and Results of
|          
|          
|          
|          
|           |  | Operations                                                                 |  | 14  
|          
|          
|          
|          
|Item 3.    |  | Quantitative and Qualitative Disclosures about Market Risk                 |  | 15  
|          
|          
|          
|          
|PART II    |  | OTHER INFORMATION                                                         
|          
|          
|          
|          
|Item 6.    |  | Exhibits and Reports on Form 8-K                                           |  | 16  
|          
|          
|          
|          
|SIGNATURES |  |                                                                            |  | 17  

UNLESS OTHERWISE INDICATED, REFERENCES TO THE COMPANY MEAN HAYES LEMMERZ
INTERNATIONAL, INC., AND ITS SUBSIDIARIES AND REFERENCE TO A FISCAL YEAR MEANS
THE COMPANYS YEAR ENDED JANUARY 31 OF THE FOLLOWING YEAR (E.G., FISCAL 2000
MEANS THE PERIOD BEGINNING FEBRUARY 1, 2000, AND ENDING JANUARY 31, 2001).
THIS REPORT CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 WITH RESPECT TO THE FINANCIAL
CONDITION, RESULTS OF OPERATIONS, AND BUSINESS OF THE COMPANY. THESE FORWARD
LOOKING STATEMENTS INVOLVE CERTAIN RISKS AND UNCERTAINTIES. NO ASSURANCE CAN
BE GIVEN THAT ANY OF SUCH MATTERS WILL BE REALIZED. FACTORS THAT MAY CAUSE
ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTEMPLATED BY SUCH FORWARD
LOOKING STATEMENTS INCLUDE, AMONG OTHERS, THE FOLLOWING POSSIBILITIES: (1)
COMPETITIVE PRESSURE IN THE COMPANYS INDUSTRY INCREASES SIGNIFICANTLY; (2)
GENERAL ECONOMIC CONDITIONS ARE LESS FAVORABLE THAN EXPECTED; (3) THE COMPANYS
DEPENDENCE ON THE AUTOMOTIVE INDUSTRY (WHICH HAS HISTORICALLY BEEN CYCLICAL);
(4) CHANGES IN THE FINANCIAL MARKETS AFFECTING THE COMPANYS FINANCIAL
STRUCTURE AND THE COMPANYS COST OF CAPITAL AND BORROWED MONEY; AND (5) THE
UNCERTAINTIES INHERENT IN INTERNATIONAL OPERATIONS AND FOREIGN CURRENCY
FLUCTUATIONS. THE COMPANY HAS NO DUTY UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995 TO UPDATE THE FORWARD LOOKING STATEMENTS IN THIS QUARTERLY
REPORT ON FORM 10-Q AND THE COMPANY DOES NOT INTEND TO PROVIDE SUCH UPDATES.

2



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HAYES LEMMERZ INTERNATIONAL, INC. AND SUBSIDIARIES

Consolidated Statements Of Operations

(Millions of dollars, except share amounts)
(Unaudited)

|                                                           |                                                       |   |                    |       |      |   |        |       | 
|---------------------------------------------------------- | ----------------------------------------------------- | - | ------------------ | ----- | ---- | - | ------ | ----- | 
|                                                           |                                                       |   | Three Months Ended
|                                                           |                                                       |   | April 30,         
|                                                           |                                                       |   |                   
|                                                           |                                                       |   | 2000               |       | 1999
|                                                           |                                                       |   |                    |       |     
|Net sales                                                  |                                                       | $ | 594.8              |       |      | $ | 587.9  |      
|                                                          
|                                                          
|                                                          
|                                                          
|Cost of goods sold                                         |                                                       |   | 492.9              |       |      |   | 481.8  |      
|                                                           |                                                       |   |                    |       |      |   |        |      
|                                                           | Gross profit                                          |   |                    | 101.9 |      |   |        | 106.1 | 
|                                                          
|                                                          
|                                                          
|                                                          
|Marketing, general and administration                      |                                                       |   | 24.5               |       |      |   | 24.5   |      
|                                                          
|                                                          
|                                                          
|                                                          
|Engineering and product development                        |                                                       |   | 6.2                |       |      |   | 6.2    |      
|                                                          
|                                                          
|                                                          
|                                                          
|Amortization of intangibles                                |                                                       |   | 7.2                |       |      |   | 7.0    |      
|                                                          
|                                                          
|                                                          
|                                                          
|Other income                                               |                                                       |   | (2.4               | )     |      |   | (0.7   | )    
|                                                          
|                                                          
|                                                          
|                                                          
|Equity in losses (earnings) of unconsolidated subsidiaries |                                                       |   | (1.1               | )     |      |   | 0.3    |      
|                                                           |                                                       |   |                    |       |      |   |        |      
|                                                           | Earnings from operations                              |   |                    | 67.5  |      |   |        | 68.8  | 
|                                                          
|                                                          
|                                                          
|                                                          
|Interest expense, net                                      |                                                       |   | (38.8              | )     |      |   | (39.5  | )    
|                                                           |                                                       |   |                    |       |      |   |        |      
|                                                           | Earnings before taxes on income and minority
interest |   |                    | 28.7  |      |   |        | 29.3  | 
|                                                          
|                                                          
|                                                          
|                                                          
|Income tax provision                                       |                                                       |   | 12.1               |       |      |   | 12.6   |      
|                                                           |                                                       |   |                    |       |      |   |        |      
|                                                           | Earnings before minority interest                     |   |                    | 16.6  |      |   |        | 16.7  | 
|                                                          
|                                                          
|                                                          
|                                                          
|Minority interest                                          |                                                       |   | 0.9                |       |      |   | 0.4    |      
|                                                           |                                                       |   |                    |       |      |   |        |      
|                                                           | Net Income                                            |   | $                  | 15.7  |      |   | $      | 16.3  | 
|                                                           |                                                       |   |                    |       |      |   |        |      
|Per share information:                                    
|                                                          
|                                                          
|                                                          
|                                                          
|Basic net income per share                                 |                                                       | $ | 0.52               |       |      | $ | 0.54   |      
|                                                           |                                                       |   |                    |       |      |   |        |      
|Basic average shares outstanding (in thousands)            |                                                       |   | 30,356             |       |      |   | 30,324 |      
|                                                           |                                                       |   |                    |       |      |   |        |      
|Diluted net income per share                               |                                                       | $ | 0.51               |       |      | $ | 0.51   |      
|                                                           |                                                       |   |                    |       |      |   |        |      
|Diluted average shares outstanding (in thousands)          |                                                       |   | 30,876             |       |      |   | 31,710 |      
|                                                           |                                                       |   |                    |       |      |   |        |      

3



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HAYES LEMMERZ INTERNATIONAL, INC. AND SUBSIDIARIES

Consolidated Balance Sheets

(Millions of Dollars)(Unaudited)

|                                           |                                                                                                                    |                                                                                                                               |                            |                                      |     |          |         |          |     |         |  | 
|------------------------------------------ | ------------------------------------------------------------------------------------------------------------------ | ----------------------------------------------------------------------------------------------------------------------------- | -------------------------- | ------------------------------------ | --- | -------- | ------- | -------- | --- | ------- |  | 
|                                           |                                                                                                                    |                                                                                                                               |                            |                                      |     | Apr. 30, |         | Jan. 31,
|                                           |                                                                                                                    |                                                                                                                               |                            |                                      |     | 2000     |         | 2000    
|                                           |                                                                                                                    |                                                                                                                               |                            |                                      |     |          |         |         
|                                           |                                                                                                                    |                                                                                                                               |                            | ASSETS                              
|                                          
|                                          
|                                          
|                                          
|Current assets:                           
|                                          
|                                          
|                                          
|                                          
|                                           | Cash and cash equivalents                                                                                          |                                                                                                                               | $                          | 40.4                                 |     |          | $       | 25.9     |    
|                                          
|                                          
|                                          
|                                          
|                                           | Receivables net of allowance
of $6.3 million at April 30, 2000 and
    January 31, 2000                            |                                                                                                                               |                            | 212.9                                |     |          |         | 188.7    |    
|                                          
|                                          
|                                          
|                                          
|                                           | Inventory                                                                                                          |                                                                                                                               |                            | 190.6                                |     |          |         | 175.6    |    
|                                          
|                                          
|                                          
|                                          
|                                           | Prepaid expenses and other                                                                                         |                                                                                                                               |                            | 11.8                                 |     |          |         | 9.4      |    
|                                           |                                                                                                                    |                                                                                                                               |                            |                                      |     |          |         |         
|                                           |                                                                                                                    |                                                                                                                               | Total current assets       |                                      |     | 455.7    |         |          |     | 399.6   | 
|                                          
|                                          
|                                          
|                                          
|Net property, plant and equipment          |                                                                                                                    |                                                                                                                               | 1,172.2                    |                                      |     |          | 1,178.4 |         
|                                          
|                                          
|                                          
|                                          
|Goodwill and other assets                  |                                                                                                                    |                                                                                                                               | 1,174.0                    |                                      |     |          | 1,198.8 |         
|                                           |                                                                                                                    |                                                                                                                               |                            |                                      |     |          |         |         
|                                           |                                                                                                                    |                                                                                                                               | Total assets               |                                      | $   | 2,801.9  |         |          | $   | 2,776.8 | 
|                                           |                                                                                                                    |                                                                                                                               |                            |                                      |     |          |         |         
|                                           |                                                                                                                    |                                                                                                                               |                            | LIABILITIES AND STOCKHOLDERS EQUITY
|                                          
|                                          
|                                          
|                                          
|Current liabilities:                      
|                                          
|                                          
|                                          
|                                          
|                                           | Bank borrowings                                                                                                    |                                                                                                                               | $                          | 87.3                                 |     |          | $       | 73.6     |    
|                                          
|                                          
|                                          
|                                          
|                                           | Current portion of long-term debt                                                                                  |                                                                                                                               |                            | 61.5                                 |     |          |         | 69.6     |    
|                                          
|                                          
|                                          
|                                          
|                                           | Accounts payable and accrued liabilities                                                                           |                                                                                                                               |                            | 464.2                                |     |          |         | 583.9    |    
|                                           |                                                                                                                    |                                                                                                                               |                            |                                      |     |          |         |         
|                                           |                                                                                                                    |                                                                                                                               | Total current liabilities  |                                      |     | 613.0    |         |          |     | 727.1   | 
|                                          
|                                          
|                                          
|                                          
|                                           | Long-term debt                                                                                                     |                                                                                                                               |                            | 1,532.0                              |     |          |         | 1,384.6  |    
|                                          
|                                          
|                                          
|                                          
|                                           | Pension and other long-term liabilities                                                                            |                                                                                                                               |                            | 306.5                                |     |          |         | 316.3    |    
|                                          
|                                          
|                                          
|                                          
|                                           | Deferred income taxes                                                                                              |                                                                                                                               |                            | 114.4                                |     |          |         | 115.6    |    
|                                          
|                                          
|                                          
|                                          
|                                           | Minority interest                                                                                                  |                                                                                                                               |                            | 13.7                                 |     |          |         | 14.3     |    
|                                           |                                                                                                                    |                                                                                                                               |                            |                                      |     |          |         |         
|                                           |                                                                                                                    |                                                                                                                               | Total liabilities          |                                      |     | 2,579.6  |         |          |     | 2,557.9 | 
|                                          
|                                          
|                                          
|                                          
|Commitments and Contingencies:            
|                                          
|                                          
|                                          
|                                          
|Stockholders equity :                    
|                                          
|                                          
|                                          
|                                          
|                                           | Preferred stock, 25,000,000 shares authorized, none issued
or outstanding Common stock, par value $0.01 per share:
|                                          
|                                          
|                                          
|                                          
|                                           |                                                                                                                    | Voting  authorized 99,000,000 shares; issued and
outstanding 27,707,919 at April 30, 2000 and
27,705,019 at January 31, 2000 |                            |                                      | 0.3 |          |         |          | 0.3 |        
|                                          
|                                          
|                                          
|                                          
|                                           |                                                                                                                    | Nonvoting  authorized 5,000,000 shares; issued
and outstanding, 2,649,026 at April 30, 2000 and
January 31, 2000             |                            |                                      |    |          |         |          |    |        
|                                          
|                                          
|                                          
|                                          
|                                           | Additional paid in capital                                                                                         |                                                                                                                               |                            | 237.1                                |     |          |         | 237.1    |    
|                                          
|                                          
|                                          
|                                          
|                                           | Retained earnings                                                                                                  |                                                                                                                               |                            | 73.8                                 |     |          |         | 58.0     |    
|                                          
|                                          
|                                          
|                                          
|                                           | Accumulated other
comprehensive income (loss)                                                                      |                                                                                                                               |                            | (88.9                                | )   |          |         | (76.5    | )  
|                                           |                                                                                                                    |                                                                                                                               |                            |                                      |     |          |         |         
|                                           |                                                                                                                    |                                                                                                                               | Total stockholders equity |                                      |     | 222.3    |         |          |     | 218.9   | 
|                                           |                                                                                                                    |                                                                                                                               |                            |                                      |     |          |         |         
|Total liabilities and stockholders equity |                                                                                                                    | $                                                                                                                             | 2,801.9                    |                                      |     | $        | 2,776.8 |         
|                                           |                                                                                                                    |                                                                                                                               |                            |                                      |     |          |         |         

4



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HAYES LEMMERZ INTERNATIONAL, INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(Millions of Dollars)
(Unaudited)

|                                                                               |                                                  |                                                                                  |                                          |       |                    |        |       |        |      |        |  
|------------------------------------------------------------------------------ | ------------------------------------------------ | -------------------------------------------------------------------------------- | ---------------------------------------- | ----- | ------------------ | ------ | ----- | ------ | ---- | ------ | -
|                                                                               |                                                  |                                                                                  |                                          |       | Three Months Ended
|                                                                               |                                                  |                                                                                  |                                          |       | April 30,         
|                                                                               |                                                  |                                                                                  |                                          |       |                   
|                                                                               |                                                  |                                                                                  |                                          |       | 2000               |        | 1999 
|                                                                               |                                                  |                                                                                  |                                          |       |                    |        |      
|Cash flows from operating activities:                                         
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               | Net income                                       |                                                                                  | $                                        | 15.7  |                    |        | $     | 16.3   |     
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|Adjustments to reconcile net income to net cash used for
operating activities:
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               |                                                  | Depreciation and tooling amortization                                            |                                          |       | 29.4               |        |       |        | 27.8 |       
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               |                                                  | Amortization of intangibles                                                      |                                          |       | 7.2                |        |       |        | 6.9  |       
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               |                                                  | Amortization of deferred financing fees                                          |                                          |       | 1.6                |        |       |        | 2.5  |       
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               |                                                  | Increase in deferred taxes                                                       |                                          |       | 1.3                |        |       |        | 8.7  |       
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               |                                                  | Equity in losses (earnings) of unconsolidated subsidiaries                       |                                          |       | (1.1               | )      |       |        | 0.3  |       
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               |                                                  | Changes in operating assets and liabilities that increase (decrease)
cash flows:
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               |                                                  |                                                                                  | Receivables                              |       |                    | (37.7  | )     |        |      | (72.6  | )
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               |                                                  |                                                                                  | Inventories                              |       |                    | (17.7  | )     |        |      | (1.1   | )
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               |                                                  |                                                                                  | Prepaid expenses and other               |       |                    | (2.6   | )     |        |      | 10.4   |  
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               |                                                  |                                                                                  | Accounts payable and accrued liabilities |       |                    | (112.0 | )     |        |      | (20.7  | )
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               |                                                  |                                                                                  | Other long-term liabilities              |       |                    | (3.7   | )     |        |      | (17.8  | )
|                                                                               |                                                  |                                                                                  |                                          |       |                    |        |       |       
|                                                                               |                                                  |                                                                                  | Cash used for operating activities       |       |                    | (119.6 | )     |        |      | (39.3  | )
|                                                                               |                                                  |                                                                                  |                                          |       |                    |        |       |       
|Cash flows from investing activities:                                         
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               | Acquisition of property, plant and equipment     |                                                                                  |                                          | (41.9 | )                  |        |       | (26.2  | )   
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               | Tooling expenditures                             |                                                                                  |                                          |      |                    |        |       | (4.8   | )   
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               | Purchase of businesses, net of cash received     |                                                                                  |                                          |      |                    |        |       | (605.0 | )   
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               | Other, net                                       |                                                                                  |                                          | 2.7   |                    |        |       | (5.9   | )   
|                                                                               |                                                  |                                                                                  |                                          |       |                    |        |       |       
|                                                                               |                                                  |                                                                                  | Cash used for investing activities       |       |                    | (39.2  | )     |        |      | (641.9 | )
|                                                                               |                                                  |                                                                                  |                                          |       |                    |        |       |       
|Cash flows from financing activities:                                         
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               | Increase in bank borrowings and revolver         |                                                                                  |                                          | 159.9 |                    |        |       | 703.0  |     
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               | Proceeds from accounts receivable securitization |                                                                                  |                                          | 12.0  |                    |        |       | 46.6   |     
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               | Fees paid to issue long term debt                |                                                                                  |                                          |      |                    |        |       | (15.0  | )   
|                                                                               |                                                  |                                                                                  |                                          |       |                    |        |       |       
|                                                                               |                                                  |                                                                                  | Cash provided by financing activities    |       |                    | 171.9  |       |        |      | 734.6  |  
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|Effect of exchange rate changes on cash and cash equivalents                   |                                                  |                                                                                  | 1.4                                      |       |                    |        | 3.0   |       
|                                                                               |                                                  |                                                                                  |                                          |       |                    |        |       |       
|                                                                               | Increase in cash and cash equivalents            |                                                                                  |                                          | 14.5  |                    |        |       | 56.4   |     
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|Cash and cash equivalents at beginning of year                                 |                                                  |                                                                                  | 25.9                                     |       |                    |        | 51.3  |       
|                                                                               |                                                  |                                                                                  |                                          |       |                    |        |       |       
|Cash and cash equivalents at end of period                                     |                                                  | $                                                                                | 40.4                                     |       |                    | $      | 107.7 |       
|                                                                               |                                                  |                                                                                  |                                          |       |                    |        |       |       
|Supplemental data:                                                            
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               | Cash paid for interest                           |                                                                                  | $                                        | 22.8  |                    |        | $     | 5.5    |     
|                                                                              
|                                                                              
|                                                                              
|                                                                              
|                                                                               | Cash paid for income taxes                       |                                                                                  | $                                        | 1.0   |                    |        | $     | 2.7    |     

See accompanying notes to consolidated financial statements.

5



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HAYES LEMMERZ INTERNATIONAL, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements

Three Months Ended April 30, 2000 and 1999
(Unaudited)
(Millions of Dollars Unless Otherwise Stated)

(1) Basis of Presentation

The accompanying consolidated financial statements have been prepared by
management and in the opinion of management, contain all adjustments,
consisting of normal recurring adjustments, necessary to present fairly the
financial position of the Company as of April 30, 2000 and January 31, 2000,
and the results of its operations for the three months ended April 30, 2000,
and 1999 and cash flows for the three months ended April 30, 2000, and 1999.
The consolidated financial statements should be read in conjunction with the
consolidated financial statements and notes thereto included in the Companys
Annual Report on Form 10-K for the fiscal year ended January 31, 2000. Results
for interim periods are not necessarily indicative of those to be expected for
the year.

(2) Summary of New Accounting Pronouncements

In September 1999, the Emerging Issues Task Force reached a consensus for
Issue 99-5, Accounting for Pre-Production Costs Related to Long-Term Supply
Arrangements. This consensus may be applied on a prospective basis for costs
incurred after December 31, 1999, or as a cumulative effect adjustment as of
the beginning of the current fiscal year. Adoption of this consensus did not have a material impact on the financial statements.

In June 1998 and June 1999, the Financial Accounting Standards Board
(FASB) issued Statement of Financial Accounting Standards (SFAS) No. 133,
Accounting for Derivative Instruments and Hedging Activities and SFAS 137,
Accounting for Derivative Instruments and Hedging Activities-Deferral of the
Effective Date of FASB Statement No. 133. These Statements establish
accounting and reporting standards requiring that every derivative instrument
(including certain derivative instruments embedded in other contracts) be
recorded in the balance sheet as either an asset or liability measured at its
fair value. These Statements require that changes in the derivatives fair
value be recognized currently in earnings unless specific hedge accounting
criteria are met.

Special accounting for qualifying hedges allows a derivatives gains and
losses to offset related results on the hedged item in the income statement,
and requires that a company must formally document, designate, and assess the
effectiveness of transactions that receive hedge accounting. This accounting
is effective for fiscal years beginning after June 15, 2000. The Company
anticipates adopting this standard in its fiscal year 2001 and does not, at
this time, anticipate a material impact on the Companys financial position or
results of operations when adopted.

(3) Inventories

The major classes of inventory are as follows:

|                |       |   |           |       |             |   |      |       | 
|--------------- | ----- | - | --------- | ----- | ----------- | - | ---- | ----- | 
|                |       |   | April 30, |       | January 31,
|                |       |   | 2000      |       | 2000       
|                |       |   |           |       |            
|Raw materials   |       | $ | 76.0      |       |             | $ | 62.3 |      
|               
|               
|               
|               
|Work-in-process |       |   | 55.2      |       |             |   | 55.9 |      
|               
|               
|               
|               
|Finished goods  |       |   | 59.4      |       |             |   | 57.4 |      
|                |       |   |           |       |             |   |      |      
|                | Total |   | $         | 190.6 |             |   | $    | 175.6 | 
|                |       |   |           |       |             |   |      |      

6



---



HAYES LEMMERZ INTERNATIONAL, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements
Three Months Ended April 30, 2000 and 1999
(Unaudited)
(Millions of Dollars Unless Otherwise Stated)

(4) Property, plant and equipment

The major classes of property,
plant and equipment are as follows:

|                         |                                   |   |           |         |             |   |         |         | 
|------------------------ | --------------------------------- | - | --------- | ------- | ----------- | - | ------- | ------- | 
|                         |                                   |   | April 30, |         | January 31,
|                         |                                   |   | 2000      |         | 2000       
|                         |                                   |   |           |         |            
|Land                     |                                   | $ | 30.3      |         |             | $ | 30.1    |        
|                        
|                        
|                        
|                        
|Buildings                |                                   |   | 263.5     |         |             |   | 265.5   |        
|                        
|                        
|                        
|                        
|Machinery and equipment  |                                   |   | 1,156.1   |         |             |   | 1,151.6 |        
|                         |                                   |   |           |         |             |   |         |        
|                         |                                   |   | 1,449.9   |         |             |   | 1,447.2 |        
|                        
|                        
|                        
|                        
|Accumulated depreciation |                                   |   | (277.7    | )       |             |   | (268.8  | )      
|                         |                                   |   |           |         |             |   |         |        
|                         | Net property, plant and equipment |   | $         | 1,172.2 |             |   | $       | 1,178.4 | 
|                         |                                   |   |           |         |             |   |         |        

(5) Earnings per share

SFAS No. 128, Earnings per Share (EPS), requires two calculations of
earnings per share to be disclosed, basic EPS and diluted EPS. Basic EPS is
computed using only the weighted average shares outstanding, while diluted EPS
is computed considering the dilutive effect of options and warrants.

Shares outstanding for the three months ended April 30, 2000 and 1999,
were as follows (in thousands):

|                                          |                                             |  |        |        |      |  |        |        | 
|----------------------------------------- | ------------------------------------------- |  | ------ | ------ | ---- |  | ------ | ------ | 
|                                          |                                             |  | 2000   |        | 1999
|                                          |                                             |  |        |        |     
|Basic weighted average shares outstanding |                                             |  | 30,356 |        |      |  | 30,324 |       
|                                         
|                                         
|                                         
|                                         
|Dilutive effect of options and warrants   |                                             |  | 520    |        |      |  | 1,386  |       
|                                          |                                             |  |        |        |      |  |        |       
|                                          | Diluted weighted average shares outstanding |  |        | 30,876 |      |  |        | 31,710 | 
|                                          |                                             |  |        |        |      |  |        |       

(6)Comprehensive Income (Loss)

SFAS No. 130, Reporting Comprehensive Income, establishes standards for
the reporting and display of comprehensive income (loss). Comprehensive income is
defined as all changes in a Companys net assets except changes resulting from
transactions with shareholders. It differs from net income in that certain
items currently recorded to equity would be a part of comprehensive
income (loss).

The components of
comprehensive income (loss) for the three months ended April
30, 2000 and 1999 are as follows:

|                                   |                                   |   |       |     |      |   |       |       |  
|---------------------------------- | --------------------------------- | - | ----- | --- | ---- | - | ----- | ----- | -
|                                   |                                   |   | 2000  |     | 1999
|                                   |                                   |   |       |     |     
|Net Income                         |                                   | $ | 15.7  |     |      | $ | 16.3  |      
|                                  
|                                  
|                                  
|                                  
|Cumulative translation adjustments |                                   |   | (12.4 | )   |      |   | (44.2 | )    
|                                   |                                   |   |       |     |      |   |       |      
|                                   | Total comprehensive income (loss) |   | $     | 3.3 |      |   | $     | (27.9 | )
|                                   |                                   |   |       |     |      |   |       |      

7



---



HAYES LEMMERZ INTERNATIONAL, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements
Three Months Ended April 30, 2000 and 1999
(Unaudited)
(Millions of Dollars Unless Otherwise Stated)

(7) Commitments and Contingencies

The Company is party to various litigation. Management believes that the
outcome of these lawsuits will not have a material adverse effect on the
consolidated operations or financial condition of the Company.

(8) Segment Reporting

The Company is organized based primarily on markets served and products
produced. Under this organization structure, the Companys operating segments
have been aggregated into three reportable segments: Automotive Wheels, Cast
Components and Other. The Other category includes Commercial Highway products,
the corporate office and elimination of intercompany activities, none of which
meet the requirements of being classified as an operating segment.

The following table represents revenues and other financial information by
business segment for the three months ended April 30:

|                  |       |   |         |       |            |   |              |       |      |   |      |      |      |   |      |      |  |   |         |         |  |   |         |         | 
|----------------- | ----- | - | ------- | ----- | ---------- | - | ------------ | ----- | ---- | - | ---- | ---- | ---- | - | ---- | ---- |  | - | ------- | ------- |  | - | ------- | ------- | 
|                  |       |   | Revenue |       | Net Income |   | Total Assets
|                  |       |   |         |       |            |   |             
|                  |       |   | 2000    |       | 1999       |   | 2000         |       | 1999 |   | 2000 |      | 1999
|                  |       |   |         |       |            |   |              |       |      |   |      |      |     
|Automotive wheels |       | $ | 364.0   |       |            | $ | 338.9        |       |      | $ | 13.8 |      |      | $ | 13.2 |      |  | $ | 1,497.8 |         |  | $ | 1,998.3 |        
|                 
|                 
|                 
|                 
|Cast components   |       |   | 183.8   |       |            |   | 191.3        |       |      |   | 1.8  |      |      |   | 3.2  |      |  |   | 1,002.3 |         |  |   | 908.7   |        
|                 
|                 
|                 
|                 
|Other             |       |   | 47.0    |       |            |   | 57.7         |       |      |   | 0.1  |      |      |   | (0.1 | )    |  |   | 301.8   |         |  |   | (113.9  | )      
|                  |       |   |         |       |            |   |              |       |      |   |      |      |      |   |      |      |  |   |         |         |  |   |         |        
|                  | Total |   | $       | 594.8 |            |   | $            | 587.9 |      |   | $    | 15.7 |      |   | $    | 16.3 |  |   | $       | 2,801.9 |  |   | $       | 2,793.1 | 
|                  |       |   |         |       |            |   |              |       |      |   |      |      |      |   |      |      |  |   |         |         |  |   |         |        

(9) Reclassifications

Certain prior period amounts have been reclassified to conform to the
current year presentation.

(10) Guarantor and Nonguarantor Financial Statements

The Company's senior subordinated notes are guaranteed by certain
of the Company's domestic subsidiaries.  Certain other domestic
subsidiaries and the foreign subsidiaries (the "Non-Guarantor
Subsidiaries") do not guarantee the senior subordinated notes.

8



---



HAYES LEMMERZ INTERNATIONAL, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements
Three Months Ended April 30, 2000 and 1999
(Unaudited)
(Millions of Dollars Unless Otherwise Stated)

(10) Guarantor and Nonguarantor Financial Statements  Contd.

The following condensed consolidating financial information presents:



| |                                                                                                                                                                                                                                                                                                                                      
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (1) Condensed consolidating financial statements as of
April 30, 2000, and January 31, 2000, and for the three-month
periods ended April 30, 2000, and 1999, of (a) Hayes Lemmerz
International, Inc., the parent, (b) the guarantor subsidiaries,
(c) the nonguarantor subsidiaries and (d) the Company on a
consolidated basis, and
|
| | (2) Elimination entries necessary to consolidate Hayes
Lemmerz International, Inc., the parent, with the guarantor and
nonguarantor subsidiaries.                                                                                                                                                                                    

Investments in foreign subsidiaries are accounted for by the parent on the
equity method (domestic subsidiaries are accounted for by the parent on the
cost method) for purposes of the consolidating presentation. The principal
elimination entries eliminate investments in subsidiaries and intercompany
balances and transactions.

9



---



HAYES LEMMERZ INTERNATIONAL, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements
Three Months Ended April 30, 2000 and 1999
(Unaudited)
(Millions of Dollars Unless Otherwise Stated)

(10) Guarantor and Nonguarantor Financial Statements  Contd.

Hayes Lemmerz International, Inc. and Subsidiaries
Condensed Consolidating Statements of Operations
For the Three Months Ended April 30, 2000

|                            |                                  |                                   |      |        |     |              |       |              |     |              |       |       |     |   |      |              |   |   |       |       |      | 
|--------------------------- | -------------------------------- | --------------------------------- | ---- | ------ | --- | ------------ | ----- | ------------ | --- | ------------ | ----- | ----- | --- | - | ---- | ------------ | - | - | ----- | ----- | ---- | 
|                            |                                  |                                   |      |        |     |              |       | Guarantor    |     | Nonguarantor |       |       |     |   |      | Consolidated
|                            |                                  |                                   |      | Parent |     | Subsidiaries |       | Subsidiaries |     | Eliminations |       | Total
|                            |                                  |                                   |      |        |     |              |       |              |     |              |       |      
|Net sales                   |                                  | $                                 | 92.0 |        |     | $            | 188.5 |              |     | $            | 319.5 |       |     | $ | (5.2 | )            |   | $ | 594.8 |      
|                           
|                           
|                           
|                           
|Cost of goods sold          |                                  |                                   | 73.8 |        |     |              | 160.3 |              |     |              | 264.0 |       |     |   | (5.2 | )            |   |   | 492.9 |      
|                            |                                  |                                   |      |        |     |              |       |              |     |              |       |       |     |   |      |              |   |   |       |      
|                            | Gross profit                     |                                   |      | 18.2   |     |              |       | 28.2         |     |              |       | 55.5  |     |   |      |             |   |   |       | 101.9 |     
|                           
|                           
|                           
|                           
|Marketing, general and      |                                  |                                   |      |        |     |              |       |              |     |              |       |       |     |   |      |              |   |   |       |      
|                            | administration                   |                                   | 2.1  |        |     |              | 6.0   |              |     |              | 16.4  |       |     |   |     |              |   |   | 24.5  |      
|                           
|                           
|                           
|                           
|Engineering and product     |                                  |                                   |      |        |     |              |       |              |     |              |       |       |     |   |      |              |   |   |       |      
|                            | development                      |                                   | 1.7  |        |     |              | 1.9   |              |     |              | 2.6   |       |     |   |     |              |   |   | 6.2   |      
|                           
|                           
|                           
|                           
|Amortization of intangibles |                                  |                                   | 0.4  |        |     |              | 2.0   |              |     |              | 4.8   |       |     |   |     |              |   |   | 7.2   |      
|                           
|                           
|                           
|                           
|Equity in earnings of       |                                  |                                   |      |        |     |              |       |              |     |              |       |       |     |   |      |              |   |   |       |      
|                            | unconsolidated subsidiaries      |                                   | (1.0 | )      |     |              | (0.1  | )            |     |              |      |       |     |   |     |              |   |   | (1.1  | )    
|                           
|                           
|                           
|                           
|Other expense (income), net |                                  |                                   | 0.0  |        |     |              | 0.1   |              |     |              | (2.5  | )     |     |   |     |              |   |   | (2.4  | )    
|                            |                                  |                                   |      |        |     |              |       |              |     |              |       |       |     |   |      |              |   |   |       |      
|                            | Earnings from operations         |                                   |      | 15.0   |     |              |       | 18.3         |     |              |       | 34.2  |     |   |      |             |   |   |       | 67.5  |     
|                           
|                           
|                           
|                           
|Interest expense, net       |                                  |                                   | 5.9  |        |     |              | 14.5  |              |     |              | 18.4  |       |     |   |     |              |   |   | 38.8  |      
|                            |                                  |                                   |      |        |     |              |       |              |     |              |       |       |     |   |      |              |   |   |       |      
|                            | Earnings before taxes on income, |                                   |      |        |     |              |       |              |     |              |       |       |     |   |      |              |   |   |       |       |     
|                            |                                  | and minority interest             |      | 9.1    |     |              |       | 3.8          |     |              |       | 15.8  |     |   |      |             |   |   |       | 28.7  |     
|                           
|                           
|                           
|                           
|Income tax provision        |                                  |                                   | 1.9  |        |     |              | 3.2   |              |     |              | 7.0   |       |     |   |     |              |   |   | 12.1  |      
|                            |                                  |                                   |      |        |     |              |       |              |     |              |       |       |     |   |      |              |   |   |       |      
|                            |                                  | Earnings before minority interest |      |        | 7.2 |              |       |              | 0.6 |              |       |       | 8.8 |   |      |              |  |   |       |       | 16.6 | 
|                           
|                           
|                           
|                           
|Minority interest           |                                  |                                   | 0.0  |        |     |              | 0.0   |              |     |              | 0.9   |       |     |   |     |              |   |   | 0.9   |      
|                            |                                  |                                   |      |        |     |              |       |              |     |              |       |       |     |   |      |              |   |   |       |      
|Net income                  |                                  | $                                 | 7.2  |        |     | $            | 0.6   |              |     | $            | 7.9   |       |     |   |     |              |   | $ | 15.7  |      
|                            |                                  |                                   |      |        |     |              |       |              |     |              |       |       |     |   |      |              |   |   |       |      

Hayes Lemmerz International, Inc. and Subsidiaries
Condensed Consolidating Statements of Operations
For the Three months ended April 30, 1999

|                                   |                          |   |        |      |              |   |              |      |              |   |       |      |  |   |              |   |  |   |       |       | 
|---------------------------------- | ------------------------ | - | ------ | ---- | ------------ | - | ------------ | ---- | ------------ | - | ----- | ---- |  | - | ------------ | - |  | - | ----- | ----- | 
|                                   |                          |   |        |      |              |   | Guarantor    |      | Nonguarantor |   |       |      |  |   | Consolidated
|                                   |                          |   | Parent |      | Subsidiaries |   | Subsidiaries |      | Eliminations |   | Total
|                                   |                          |   |        |      |              |   |              |      |              |   |      
|Net sales                          |                          | $ | 89.4   |      |              | $ | 191.0        |      |              | $ | 311.2 |      |  | $ | (3.7         | ) |  | $ | 587.9 |      
|                                  
|                                  
|                                  
|                                  
|Cost of goods sold                 |                          |   | 74.9   |      |              |   | 157.5        |      |              |   | 253.1 |      |  |   | (3.7         | ) |  |   | 481.8 |      
|                                   |                          |   |        |      |              |   |              |      |              |   |       |      |  |   |              |   |  |   |       |      
|                                   | Gross profit             |   |        | 14.5 |              |   |              | 33.5 |              |   |       | 58.1 |  |   |              |  |  |   |       | 106.1 | 
|                                  
|                                  
|                                  
|                                  
|Marketing, general and             |                          |   |        |      |              |   |              |      |              |   |       |      |  |   |              |   |  |   |       |      
|                                   | administration           |   | 1.4    |      |              |   | 5.9          |      |              |   | 17.2  |      |  |   |             |   |  |   | 24.5  |      
|                                  
|                                  
|                                  
|                                  
|Engineering and product            |                          |   |        |      |              |   |              |      |              |   |       |      |  |   |              |   |  |   |       |      
|                                   | development              |   | 1.9    |      |              |   | 1.7          |      |              |   | 2.6   |      |  |   |             |   |  |   | 6.2   |      
|                                  
|                                  
|                                  
|                                  
|Amortization of intangibles        |                          |   | 0.4    |      |              |   | 2.1          |      |              |   | 4.5   |      |  |   |             |   |  |   | 7.0   |      
|                                  
|                                  
|                                  
|                                  
|Equity in losses of unconsolidated |                          |   |        |      |              |   |              |      |              |   |       |      |  |   |              |   |  |   |       |      
|                                   | subsidiaries             |   | 0.3    |      |              |   |             |      |              |   |      |      |  |   |             |   |  |   | 0.3   |      
|                                  
|                                  
|                                  
|                                  
|Other income, net                  |                          |   | (0.2   | )    |              |   |             |      |              |   | (0.5  | )    |  |   |             |   |  |   | (0.7  | )    
|                                   |                          |   |        |      |              |   |              |      |              |   |       |      |  |   |              |   |  |   |       |      
|                                   | Earnings from operations |   |        | 10.7 |              |   |              | 23.8 |              |   |       | 34.3 |  |   |              |  |  |   |       | 68.8  | 
|                                  
|                                  
|                                  
|                                  
|Interest expense, net              |                          |   | 8.1    |      |              |   | 13.6         |      |              |   | 17.8  |      |  |   |             |   |  |   | 39.5  |      
|                                  
|                                  
|                                  
|                                  
|                                   |                          |   |        |      |              |   |              |      |              |   |       |      |  |   |              |   |  |   |       |      
|Earnings before taxes on income    |                          |   |        |      |              |   |              |      |              |   |       |      |  |   |              |   |  |   |       |      
|                                   | and minority interest    |   | 2.6    |      |              |   | 10.2         |      |              |   | 16.5  |      |  |   |             |   |  |   | 29.3  |      
|                                  
|                                  
|                                  
|                                  
|Income tax provision (benefit)     |                          |   | (0.4   | )    |              |   | 4.0          |      |              |   | 9.0   |      |  |   |             |   |  |   | 12.6  |      
|                                   |                          |   |        |      |              |   |              |      |              |   |       |      |  |   |              |   |  |   |       |      
|Earnings before minority interest  |                          |   | 3.0    |      |              |   | 6.2          |      |              |   | 7.5   |      |  |   |             |   |  |   | 16.7  |      
|                                  
|                                  
|                                  
|                                  
|Minority interest                  |                          |   |       |      |              |   |             |      |              |   | 0.4   |      |  |   |             |   |  |   | 0.4   |      
|                                   |                          |   |        |      |              |   |              |      |              |   |       |      |  |   |              |   |  |   |       |      
|Net Income                         |                          | $ | 3.0    |      |              | $ | 6.2          |      |              | $ | 7.1   |      |  |   |             |   |  | $ | 16.3  |      
|                                   |                          |   |        |      |              |   |              |      |              |   |       |      |  |   |              |   |  |   |       |      

10



---



HAYES LEMMERZ INTERNATIONAL, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements
Three Months Ended April 30, 2000 and 1999
(Unaudited)
(Millions of Dollars Unless Otherwise Stated)

(10) Guarantor and Nonguarantor Financial Statements  Contd.

Hayes Lemmerz International, Inc. and Subsidiaries
Condensed Consolidating Balance Sheets
As of April 30, 2000

|                                                  |                                            |                   |         |         |         |              |       |              |       |              |         |         |       |   |          |              |       |   |         |         |         | 
|------------------------------------------------- | ------------------------------------------ | ----------------- | ------- | ------- | ------- | ------------ | ----- | ------------ | ----- | ------------ | ------- | ------- | ----- | - | -------- | ------------ | ----- | - | ------- | ------- | ------- | 
|                                                  |                                            |                   |         |         |         |              |       | Guarantor    |       | Nonguarantor |         |         |       |   |          | Consolidated
|                                                  |                                            |                   |         | Parent  |         | Subsidiaries |       | Subsidiaries |       | Eliminations |         | Total  
|                                                  |                                            |                   |         |         |         |              |       |              |       |              |         |        
|Cash and cash equivalents                         |                                            | $                 | (2.3    | )       |         | $            | 0.2   |              |       | $            | 42.5    |         |       | $ |         |              |       | $ | 40.4    |        
|                                                 
|                                                 
|                                                 
|                                                 
|Receivables                                       |                                            |                   | 34.5    |         |         |              | 10.8  |              |       |              | 167.6   |         |       |   |         |              |       |   | 212.9   |        
|                                                 
|                                                 
|                                                 
|                                                 
|Inventories                                       |                                            |                   | 36.2    |         |         |              | 51.6  |              |       |              | 102.8   |         |       |   |         |              |       |   | 190.6   |        
|                                                 
|                                                 
|                                                 
|                                                 
|Prepaid expenses and other                        |                                            |                   | 2.3     |         |         |              | 4.7   |              |       |              | 16.2    |         |       |   | (11.4    | )            |       |   | 11.8    |        
|                                                  |                                            |                   |         |         |         |              |       |              |       |              |         |         |       |   |          |              |       |   |         |        
|                                                  | Total current assets                       |                   |         | 70.7    |         |              |       | 67.3         |       |              |         | 329.1   |       |   |          | (11.4        | )     |   |         | 455.7   |        
|                                                 
|                                                 
|                                                 
|                                                 
|Net property, plant and equipment                 |                                            |                   | 170.1   |         |         |              | 337.5 |              |       |              | 664.6   |         |       |   |         |              |       |   | 1,172.2 |        
|                                                 
|                                                 
|                                                 
|                                                 
|Goodwill and other assets                         |                                            |                   | 1,480.9 |         |         |              | 302.9 |              |       |              | 698.0   |         |       |   | (1,307.8 | )            |       |   | 1,174.0 |        
|                                                  |                                            |                   |         |         |         |              |       |              |       |              |         |         |       |   |          |              |       |   |         |        
|                                                  | Total assets                               |                   | $       | 1,721.7 |         |              | $     | 707.7        |       |              | $       | 1,691.7 |       |   | $        | (1,319.2     | )     |   | $       | 2,801.9 |        
|                                                  |                                            |                   |         |         |         |              |       |              |       |              |         |         |       |   |          |              |       |   |         |        
|Bank borrowings                                   |                                            | $                 | 2.9     |         |         | $            |      |              |       | $            | 84.4    |         |       | $ |         |              |       | $ | 87.3    |        
|                                                 
|                                                 
|                                                 
|                                                 
|Current portion of long-term debt                 |                                            |                   | 51.0    |         |         |              |      |              |       |              | 10.5    |         |       |   |         |              |       |   | 61.5    |        
|                                                 
|                                                 
|                                                 
|                                                 
|Accounts payable and accrued liabilities          |                                            |                   | 99.3    |         |         |              | 85.1  |              |       |              | 286.9   |         |       |   | (7.1     | )            |       |   | 464.2   |        
|                                                  |                                            |                   |         |         |         |              |       |              |       |              |         |         |       |   |          |              |       |   |         |        
|                                                  | Total current liabilities                  |                   |         | 153.2   |         |              |       | 85.1         |       |              |         | 381.8   |       |   |          | (7.1         | )     |   |         | 613.0   |        
|                                                 
|                                                 
|                                                 
|                                                 
|Long-term debt, net of current portion            |                                            |                   | 1,430.7 |         |         |              |      |              |       |              | 101.3   |         |       |   |         |              |       |   | 1,532.0 |        
|                                                 
|                                                 
|                                                 
|                                                 
|Deferred income taxes                             |                                            |                   | 20.8    |         |         |              | 28.5  |              |       |              | 65.1    |         |       |   |         |              |       |   | 114.4   |        
|                                                 
|                                                 
|                                                 
|                                                 
|Pension and other long-term liabilities           |                                            |                   | 86.6    |         |         |              | 57.0  |              |       |              | 162.9   |         |       |   |         |              |       |   | 306.5   |        
|                                                 
|                                                 
|                                                 
|                                                 
|Minority interest                                 |                                            |                   |        |         |         |              |      |              |       |              | 13.7    |         |       |   |         |              |       |   | 13.7    |        
|                                                 
|                                                 
|                                                 
|                                                 
|Parent loans                                      |                                            |                   | (172.5  | )       |         |              | 303.1 |              |       |              | (77.9   | )       |       |   | (52.7    | )            |       |   | (0.0    | )      
|                                                  |                                            |                   |         |         |         |              |       |              |       |              |         |         |       |   |          |              |       |   |         |        
|                                                  |                                            | Total liabilities |         |         | 1,518.8 |              |       |              | 473.7 |              |         |         | 646.9 |   |          |              | (59.8 | ) |         |         | 2,579.6 | 
|                                                 
|                                                 
|                                                 
|                                                 
|Common stock                                      |                                            |                   | 0.3     |         |         |              |      |              |       |              |        |         |       |   |         |              |       |   | 0.3     |        
|                                                 
|                                                 
|                                                 
|                                                 
|Additional paid-in capital                        |                                            |                   | 251.9   |         |         |              | 108.7 |              |       |              | 1,005.9 |         |       |   | (1,129.4 | )            |       |   | 237.1   |        
|                                                 
|                                                 
|                                                 
|                                                 
|Retained earnings (accumulated deficit)           |                                            |                   | (53.9   | )       |         |              | 125.3 |              |       |              | 132.4   |         |       |   | (130.0   | )            |       |   | 73.8    |        
|                                                 
|                                                 
|                                                 
|                                                 
|Accumulated other
comprehensive     income (loss) |                                            |                   | 4.6     |         |         |              |      |              |       |              | (93.5   | )       |       |   |         |              |       |   | (88.9   | )      
|                                                  |                                            |                   |         |         |         |              |       |              |       |              |         |         |       |   |          |              |       |   |         |        
|                                                  | Total stockholders equity                 |                   |         | 202.9   |         |              |       | 234.0        |       |              |         | 1,044.8 |       |   |          | (1,259.4     | )     |   |         | 222.3   |        
|                                                  |                                            |                   |         |         |         |              |       |              |       |              |         |         |       |   |          |              |       |   |         |        
|                                                 
|                                                 
|                                                 
|                                                 
|                                                  | Total liabilities and stockholders equity |                   | $       | 1,721.7 |         |              | $     | 707.7        |       |              | $       | 1,691.7 |       |   | $        | (1,319.2     | )     |   | $       | 2,801.9 |        
|                                                  |                                            |                   |         |         |         |              |       |              |       |              |         |         |       |   |          |              |       |   |         |        

11



---



HAYES LEMMERZ INTERNATIONAL, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements
Three Months Ended April 30, 2000 and 1999
(Unaudited)
(Millions of Dollars Unless Otherwise Stated)

(10) Guarantor and Nonguarantor Financial Statements  Contd.

Hayes Lemmerz International, Inc. and Subsidiaries
Condensed Consolidating Balance Sheet
January 31, 2000

|                                               |                                            |   |         |         |              |   |              |       |              |   |         |         |  |   |              |          |   |   |         |         | 
|---------------------------------------------- | ------------------------------------------ | - | ------- | ------- | ------------ | - | ------------ | ----- | ------------ | - | ------- | ------- |  | - | ------------ | -------- | - | - | ------- | ------- | 
|                                               |                                            |   |         |         |              |   | Guarantor    |       | Nonguarantor |   |         |         |  |   | Consolidated
|                                               |                                            |   | Parent  |         | Subsidiaries |   | Subsidiaries |       | Eliminations |   | Total  
|                                               |                                            |   |         |         |              |   |              |       |              |   |        
|Cash and cash equivalents                      |                                            | $ | 6.8     |         |              | $ | 0.1          |       |              | $ | 19.0    |         |  | $ |             |          |   | $ | 25.9    |        
|                                              
|                                              
|                                              
|                                              
|Receivables                                    |                                            |   | 34.1    |         |              |   | 4.2          |       |              |   | 150.4   |         |  |   |             |          |   |   | 188.7   |        
|                                              
|                                              
|                                              
|                                              
|Inventories                                    |                                            |   | 38.0    |         |              |   | 46.1         |       |              |   | 91.5    |         |  |   |             |          |   |   | 175.6   |        
|                                              
|                                              
|                                              
|                                              
|Prepaid expenses and other                     |                                            |   | 0.9     |         |              |   | 4.0          |       |              |   | 21.9    |         |  |   | (17.4        | )        |   |   | 9.4     |        
|                                               |                                            |   |         |         |              |   |              |       |              |   |         |         |  |   |              |          |   |   |         |        
|                                               | Total current assets                       |   |         | 79.8    |              |   |              | 54.4  |              |   |         | 282.8   |  |   |              | (17.4    | ) |   |         | 399.6   | 
|                                              
|                                              
|                                              
|                                              
|Net property, plant and
equipment              |                                            |   | 158.3   |         |              |   | 339.1        |       |              |   | 681.0   |         |  |   |             |          |   |   | 1,178.4 |        
|                                              
|                                              
|                                              
|                                              
|Goodwill and other assets                      |                                            |   | 1,464.0 |         |              |   | 304.8        |       |              |   | 694.3   |         |  |   | (1,264.3     | )        |   |   | 1,198.8 |        
|                                               |                                            |   |         |         |              |   |              |       |              |   |         |         |  |   |              |          |   |   |         |        
|                                               | Total assets                               |   | $       | 1,702.1 |              |   | $            | 698.3 |              |   | $       | 1,658.1 |  |   | $            | (1,281.7 | ) |   | $       | 2,776.8 | 
|                                               |                                            |   |         |         |              |   |              |       |              |   |         |         |  |   |              |          |   |   |         |        
|Bank borrowings                                |                                            | $ |        |         |              | $ |             |       |              | $ | 73.6    |         |  | $ |             |          |   | $ | 73.6    |        
|                                              
|                                              
|                                              
|                                              
|Current portion of long-term
debt              |                                            |   | 57.9    |         |              |   |             |       |              |   | 11.7    |         |  |   |             |          |   |   | 69.6    |        
|                                              
|                                              
|                                              
|                                              
|Accounts payable and accrued
liabilities       |                                            |   | 126.9   |         |              |   | 154.1        |       |              |   | 326.1   |         |  |   | (23.2        | )        |   |   | 583.9   |        
|                                               |                                            |   |         |         |              |   |              |       |              |   |         |         |  |   |              |          |   |   |         |        
|                                               | Total current
liabilities                  |   |         | 184.8   |              |   |              | 154.1 |              |   |         | 411.4   |  |   |              | (23.2    | ) |   |         | 727.1   | 
|                                              
|                                              
|                                              
|                                              
|Long-term debt, net of current
portion         |                                            |   | 1,289.2 |         |              |   |             |       |              |   | 95.4    |         |  |   |             |          |   |   | 1,384.6 |        
|                                              
|                                              
|                                              
|                                              
|Deferred income taxes                          |                                            |   | 18.5    |         |              |   | 28.5         |       |              |   | 68.6    |         |  |   |             |          |   |   | 115.6   |        
|                                              
|                                              
|                                              
|                                              
|Pension and other long-term
liabilities        |                                            |   | 80.3    |         |              |   | 57.1         |       |              |   | 181.4   |         |  |   | (2.5         | )        |   |   | 316.3   |        
|                                              
|                                              
|                                              
|                                              
|Minority interest                              |                                            |   |        |         |              |   |             |       |              |   | 14.3    |         |  |   |             |          |   |   | 14.3    |        
|                                              
|                                              
|                                              
|                                              
|Parent loans                                   |                                            |   | (61.9   | )       |              |   | 225.2        |       |              |   | (166.7  | )       |  |   | 3.4          |          |   |   |        |        
|                                               |                                            |   |         |         |              |   |              |       |              |   |         |         |  |   |              |          |   |   |         |        
|                                               | Total liabilities                          |   |         | 1,510.9 |              |   |              | 464.9 |              |   |         | 604.4   |  |   |              | (22.3    | ) |   |         | 2,557.9 | 
|                                              
|                                              
|                                              
|                                              
|Common stock                                   |                                            |   | 0.3     |         |              |   |             |       |              |   |        |         |  |   |             |          |   |   | 0.3     |        
|                                              
|                                              
|                                              
|                                              
|Additional paid-in capital                     |                                            |   | 251.9   |         |              |   | 108.7        |       |              |   | 1,005.9 |         |  |   | (1,129.4     | )        |   |   | 237.1   |        
|                                              
|                                              
|                                              
|                                              
|Retained earnings (accumulated
deficit)        |                                            |   | (61.1   | )       |              |   | 124.7        |       |              |   | 124.4   |         |  |   | (130.0       | )        |   |   | 58.0    |        
|                                              
|                                              
|                                              
|                                              
|Accumulated other
comprehensive  income (loss) |                                            |   | 0.1     |         |              |   |             |       |              |   | (76.6   | )       |  |   |             |          |   |   | (76.5   | )      
|                                               |                                            |   |         |         |              |   |              |       |              |   |         |         |  |   |              |          |   |   |         |        
|                                               | Total stockholders equity                 |   |         | 191.2   |              |   |              | 233.4 |              |   |         | 1,053.7 |  |   |              | (1,259.4 | ) |   |         | 218.9   | 
|                                               |                                            |   |         |         |              |   |              |       |              |   |         |         |  |   |              |          |   |   |         |        
|                                              
|                                              
|                                              
|                                              
|                                               | Total liabilities and
stockholders equity |   | $       | 1,702.1 |              |   | $            | 698.3 |              |   | $       | 1,658.1 |  |   | $            | (1,281.7 | ) |   | $       | 2,776.8 | 
|                                               |                                            |   |         |         |              |   |              |       |              |   |         |         |  |   |              |          |   |   |         |        

12



---



HAYES LEMMERZ INTERNATIONAL, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements
Three Months Ended April 30, 2000 and 1999
(Unaudited)
(Millions of Dollars Unless Otherwise Stated)

(10) Guarantor and Nonguarantor Financial Statements  Contd.

Hayes Lemmerz International, Inc. and Subsidiaries
Condensed Consolidating Statement of Cash Flows
For the three months ended April 30, 2000

|                                                        |                                                        |                                       |        |        |       |              |       |              |   |              |       |       |      |   |   |              |   |   |        |       |       | 
|------------------------------------------------------- | ------------------------------------------------------ | ------------------------------------- | ------ | ------ | ----- | ------------ | ----- | ------------ | - | ------------ | ----- | ----- | ---- | - | - | ------------ | - | - | ------ | ----- | ----- | 
|                                                        |                                                        |                                       |        |        |       |              |       | Guarantor    |   | Nonguarantor |       |       |      |   |   | Consolidated
|                                                        |                                                        |                                       |        | Parent |       | Subsidiaries |       | Subsidiaries |   | Eliminations |       | Total
|                                                        |                                                        |                                       |        |        |       |              |       |              |   |              |       |      
|Cash flows used in operating activities                 |                                                        | $                                     | (19.6  | )      |       | $            | (71.6 | )            |   | $            | (28.4 | )     |      | $ |  |              |   | $ | (119.6 | )    
|                                                       
|                                                       
|                                                       
|                                                       
|Cash flows from investing activities:                  
|                                                       
|                                                       
|                                                       
|                                                       
|                                                        | Acquisition of property, plant and equipment           |                                       |        | (14.7  | )     |              |       | (5.8         | ) |              |       | (21.4 | )    |   |   |             |   |   |        | (41.9 | )    
|                                                       
|                                                       
|                                                       
|                                                       
|                                                        | Acquisition of tooling                                 |                                       |        |       |       |              |       |             |   |              |       |      |      |   |   |             |   |   |        |      |      
|                                                       
|                                                       
|                                                       
|                                                       
|                                                        | Purchase of businesses, net of cash                    |                                       |        |       |       |              |       |             |   |              |       |      |      |   |   |             |   |   |        |      |      
|                                                       
|                                                       
|                                                       
|                                                       
|                                                        | Proceeds from disposal of assets/business              |                                       |        |       |       |              |       |             |   |              |       |      |      |   |   |             |   |   |        |      |      
|                                                       
|                                                       
|                                                       
|                                                       
|                                                        | Other, net                                             |                                       |        | (13.7  | )     |              |       | (0.3         | ) |              |       | 16.7  |      |   |   |             |   |   |        | 2.7   |      
|                                                        |                                                        |                                       |        |        |       |              |       |              |   |              |       |       |      |   |   |              |   |   |        |      
|                                                        | Cash used in investing activities                      |                                       |        | (28.4  | )     |              |       | (6.1         | ) |              |       | (4.7  | )    |   |   |             |   |   |        | (39.2 | )    
|                                                       
|                                                       
|                                                       
|                                                       
|Cash flows from financing activities:                  
|                                                       
|                                                       
|                                                       
|                                                       
|                                                        | Net change in bank borrowings and revolver             |                                       |        | 137.5  |       |              |       |             |   |              |       | 22.4  |      |   |   |             |   |   |        | 159.9 |      
|                                                       
|                                                       
|                                                       
|                                                       
|                                                        | Fees paid to issue long term debt                      |                                       |        |       |       |              |       |             |   |              |       |      |      |   |   |             |   |   |        |      |      
|                                                       
|                                                       
|                                                       
|                                                       
|                                                        | Stock options exercised                                |                                       |        |       |       |              |       |             |   |              |       |      |      |   |   |             |   |   |        |      |      
|                                                       
|                                                       
|                                                       
|                                                       
|                                                        | Net proceeds from accounts receivable securitization   |                                       |        | 12.0   |       |              |       |             |   |              |       |      |      |   |   |             |   |   |        | 12.0  |      
|                                                        |                                                        |                                       |        |        |       |              |       |              |   |              |       |       |      |   |   |              |   |   |        |      
|                                                        |                                                        | Cash provided by financing activities |        |        | 149.5 |              |       |              |  |              |       |       | 22.4 |   |   |              |  |   |        |       | 171.9 | 
|                                                       
|                                                       
|                                                       
|                                                       
|Increase (decrease) in
parent loans and  advances       |                                                        |                                       | (110.6 | )      |       |              | 77.8  |              |   |              | 32.8  |       |      |   |  |              |   |   |       |      
|                                                       
|                                                       
|                                                       
|                                                       
|Effect of exchange rates of
cash and cash   equivalents |                                                        |                                       |       |        |       |              |      |              |   |              | 1.4   |       |      |   |  |              |   |   | 1.4    |      
|                                                        |                                                        |                                       |        |        |       |              |       |              |   |              |       |       |      |   |   |              |   |   |        |      
|                                                        | Net increase
(decrease) in cash and cash   equivalents |                                       |        | (9.1   | )     |              |       | 0.1          |   |              |       | 23.5  |      |   |   |             |   |   |        | 14.5  |      
|                                                       
|                                                       
|                                                       
|                                                       
|Cash and cash equivalents at
beginning of    period     |                                                        |                                       | 6.8    |        |       |              | 0.1   |              |   |              | 19.0  |       |      |   |  |              |   |   | 25.9   |      
|                                                        |                                                        |                                       |        |        |       |              |       |              |   |              |       |       |      |   |   |              |   |   |        |      
|Cash and cash equivalents at end of period              |                                                        | $                                     | (2.3   | )      |       | $            | 0.2   |              |   | $            | 42.5  |       |      | $ |  |              |   | $ | 40.4   |      
|                                                        |                                                        |                                       |        |        |       |              |       |              |   |              |       |       |      |   |   |              |   |   |        |      

Hayes Lemmerz International, Inc. and Subsidiaries
Condensed Consolidating Statements of Cash Flows
For the three months ended April 30, 1999

|                                                       |                                                        |                                              |                                       |        |        |       |              |       |              |   |              |       |       |      |   |   |              |   |       |        |        |       | 
|------------------------------------------------------ | ------------------------------------------------------ | -------------------------------------------- | ------------------------------------- | ------ | ------ | ----- | ------------ | ----- | ------------ | - | ------------ | ----- | ----- | ---- | - | - | ------------ | - | ----- | ------ | ------ | ----- | 
|                                                       |                                                        |                                              |                                       |        |        |       |              |       | Guarantor    |   | Nonguarantor |       |       |      |   |   | Consolidated
|                                                       |                                                        |                                              |                                       |        | Parent |       | Subsidiaries |       | Subsidiaries |   | Eliminations |       | Total
|                                                       |                                                        |                                              |                                       |        |        |       |              |       |              |   |              |       |      
|Cash flows provided by (used in) operating activities  |                                                        | $                                            | 21.5                                  |        |        | $     | (16.6        | )     |              | $ | (44.2        | )     |       | $    |  |   |              | $ | (39.3 | )     
|                                                      
|                                                      
|                                                      
|                                                      
|Cash flows from investing activities:                 
|                                                      
|                                                      
|                                                      
|                                                      
|                                                       | Acquisition of property, plant and equipment           |                                              |                                       | (0.8   | )      |       |              | (13.2 | )            |   |              | (12.2 | )     |      |   |  |              |   |       | (26.2  | )     
|                                                      
|                                                      
|                                                      
|                                                      
|                                                       | Acquisition of tooling                                 |                                              |                                       | (4.8   | )      |       |              |      |              |   |              |      |       |      |   |  |              |   |       | (4.8   | )     
|                                                      
|                                                      
|                                                      
|                                                      
|                                                       |                                                        | Purchase of businesses, net of cash received |                                       |        | (605.0 | )     |              |       |             |   |              |       |      |      |   |   |             |   |       |        | (605.0 | )    
|                                                      
|                                                      
|                                                      
|                                                      
|                                                       | Other, net                                             |                                              |                                       | (6.2   | )      |       |              | 4.5   |              |   |              | (4.2  | )     |      |   |  |              |   |       | (5.9   | )     
|                                                       |                                                        |                                              |                                       |        |        |       |              |       |              |   |              |       |       |      |   |   |              |   |       |       
|                                                       | Cash used in investing activities                      |                                              |                                       | (616.8 | )      |       |              | (8.7  | )            |   |              | (16.4 | )     |      |   |  |              |   |       | (641.9 | )     
|                                                      
|                                                      
|                                                      
|                                                      
|Cash flows from financing activities:                 
|                                                      
|                                                      
|                                                      
|                                                      
|                                                       | Net change in bank borrowings and revolver             |                                              |                                       | 661.3  |        |       |              |      |              |   |              | 41.7  |       |      |   |  |              |   |       | 703.0  |       
|                                                      
|                                                      
|                                                      
|                                                      
|                                                       |                                                        | Fees paid to issue debt                      |                                       |        | (15.0  | )     |              |       |             |   |              |       |      |      |   |   |             |   |       |        | (15.0  | )    
|                                                      
|                                                      
|                                                      
|                                                      
|                                                       | Net proceeds from accounts
receivable   securitization |                                              |                                       | 46.6   |        |       |              |      |              |   |              |      |       |      |   |  |              |   |       | 46.6   |       
|                                                       |                                                        |                                              |                                       |        |        |       |              |       |              |   |              |       |       |      |   |   |              |   |       |       
|                                                       |                                                        |                                              | Cash provided by financing activities |        |        | 692.9 |              |       |              |  |              |       |       | 41.7 |   |   |              |  |       |        |        | 734.6 | 
|                                                      
|                                                      
|                                                      
|                                                      
|Increase (decrease) in
parent loans and   advances     |                                                        |                                              | (37.9                                 | )      |        |       | 25.2         |       |              |   | 12.7         |       |       |      |  |   |              |   |      |       
|                                                      
|                                                      
|                                                      
|                                                      
|Effect of exchange rates of
cash and cash  equivalents |                                                        |                                              |                                      |        |        |       |             |       |              |   | 3.0          |       |       |      |  |   |              |   | 3.0   |       
|                                                       |                                                        |                                              |                                       |        |        |       |              |       |              |   |              |       |       |      |   |   |              |   |       |       
|                                                       | Net increase
(decrease) in cash and cash  equivalents  |                                              |                                       | 59.7   |        |       |              | (0.1  | )            |   |              | (3.2  | )     |      |   |  |              |   |       | 56.4   |       
|                                                      
|                                                      
|                                                      
|                                                      
|Cash and cash equivalents at
beginning of  period      |                                                        |                                              | 23.3                                  |        |        |       | 0.1          |       |              |   | 27.9         |       |       |      |  |   |              |   | 51.3  |       
|                                                       |                                                        |                                              |                                       |        |        |       |              |       |              |   |              |       |       |      |   |   |              |   |       |       
|Cash and cash equivalents at end of period             |                                                        | $                                            | 83.0                                  |        |        | $     |             |       |              | $ | 24.7         |       |       | $    |  |   |              | $ | 107.7 |       
|                                                       |                                                        |                                              |                                       |        |        |       |              |       |              |   |              |       |       |      |   |   |              |   |       |       

13



---



Item 2.

Managements Discussion and Analysis of Financial Condition and Results of Operations

Results of Operations

Three Months Ended April 30, 2000 Compared to Three Months Ended April 30, 1999

The Companys net sales for the first quarter of fiscal 2000 were $594.8
million, an increase of 1.2% as compared to net sales of $587.9 million for the
first quarter of fiscal 1999. Higher OEM sales in North America and Europe were
offset by lower sales in the North American Commercial Highway business
due to softening market conditions. Additionally, sales were
negatively impacted due to the Euro weakening against the Dollar by
approximately 11% in the first quarter of fiscal 2000 as compared to the first
quarter of fiscal 1999.

The Companys gross
profit margin for the first quarter of fiscal 2000 decreased
to $101.9 million or 17.1% of net sales as compared to $106.1 million or 18.0%
of net sales for the first quarter of fiscal 1999. The Companys first quarter
gross profit margin was negatively impacted by the reduction in the North American
Commercial Highway sales.

Marketing, general and administrative, engineering and product development
and amortization of intangible expenses for the first quarter of fiscal 2000
were consistent with the first quarter of fiscal 1999.

Equity in losses (earnings) of unconsolidated subsidiaries increased $1.4
million to $1.1 million of earnings for the first quarter of fiscal 2000
as compared to $0.3 million of losses for the same period in fiscal
1999. The majority of this increase was due to improved results in the
Companys Mexico joint venture, which is a 40% owned joint
venture producing both steel and aluminum wheels for the light vehicle market in North America.

Financial Condition, Liquidity and Capital Resources

The Companys operations used $119.6 million in cash in the first quarter
of fiscal 2000, an increase of $80.3 million over the same period of fiscal
1999. This increase was due to timing of working capital requirements.

Capital expenditures for the first quarter of fiscal 2000 were $41.9
million. These expenditures were primarily for additional machinery and
equipment to improve productivity, to increase production capacity and to meet
expected requirements for our products. The Company anticipates capital
expenditures for fiscal 2000 will be approximately $200 million relating
primarily to new vehicle platforms, capacity increases worldwide to meet the
growing demand for the Company's products and cost reduction programs.

On February 3, 1999, the Company entered into a third amended and restated
credit agreement (the Third Amended and Restated Credit
Agreement). Pursuant to the Third Amended and Restated Credit Agreement, a syndicate of lenders agreed to lend to
the Company up to $450 million in the form of a senior secured term loan
facility and up to $650 million in the form of a senior secured revolving
credit facility. Such term loan and revolving facilities are guaranteed by the
Company and all of its existing and future material domestic subsidiaries.
Such term loan and revolving facilities are secured by a first priority lien in
substantially all of the properties and assets of the Company and its material
domestic subsidiaries, now owned or acquired later, including a pledge of all
of the shares of certain of the Companys existing and future domestic
subsidiaries and 65% of the shares of certain of the Company's existing and future
foreign subsidiaries. As of April 30, 2000 there was $430 million outstanding
under the term loan facilities and $467 million available under the revolving
facility.

In April 1998, the Company entered into a three-year agreement pursuant to
which the Company and certain of its subsidiaries sold, and will continue to
sell on an ongoing basis, a portion of their accounts receivables to a special
purpose entity (Funding Co.), which is wholly owned by the Company.
Accordingly, the Company and such subsidiaries, irrevocably and without
recourse, transferred and will transfer substantially all of their U.S. dollar

14



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denominated trade accounts receivable to Funding Co. Funding Co. then sold and
will sell such trade accounts receivable to an independent issuer of
receivable-backed commercial paper. The Company has collection and
administrative responsibilities with respect to all the receivables, which are
sold.

At April 30, 2000, management believes that the Company was in compliance
with the various covenants under the agreements pursuant to which it has or may
borrow money. Management expects that the Company will remain in compliance
with these covenants in all material respects through the period ending April
30, 2001.

Item 3.

Quantitative and Qualitative Disclosures about Market Risk

For the period ended April 30, 2000, the Company did not experience any
material change in market risk exposures affecting the quantitative and
qualitative disclosures as presented in the Companys Annual Report on Form
10-K for the year ended January 31, 2000.

15



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PART II. OTHER INFORMATION

Item 6. Exhibits and Reports on Form 8-K



| |             
| | ------------
| | (a) Exhibits

|               |  |                        
|-------------- |  | -----------------------
|Exhibit Number |  | Description            
|               |  |                        
|27             |  | Financial Data Schedule



| |                        
| | -----------------------
| | (b) Reports on Form 8-K



| |                                                                                                                               
| | ------------------------------------------------------------------------------------------------------------------------------
| | During the fiscal quarter ended April 30, 2000, the Company filed a Current
Report on Form 8-K with the SEC on April 18, 2000.

16



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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

| |               |                                                  
| | ------------- | -------------------------------------------------
| |               | HAYES LEMMERZ INTERNATIONAL, INC.                
|
|
|
|
| |               |                                                  
| | June 14, 2000 | By: /s/ D. N. Vermilya                           
| |               |                                                  
| |               | D. N. Vermilya                                   
|
|
|
|
| |               | Corporate Controller and Chief Accounting Officer

17



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EXHIBIT INDEX

|        |  |                         |  |              |  | 
|------- |  | ----------------------- |  | ------------ |  | 
|        |  |                         |  | SEQUENTIALLY
|EXHIBIT |  |                         |  | NUMBERED    
|NUMBER  |  | DESCRIPTION             |  | PAGE        
|        |  |                         |  |             
|27      |  | Financial Data Schedule

18