<PAGE>

                                   FORM 10-Q/A

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                         ------------------------------
                                 AMENDMENT NO. 1
                                       TO
              [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 1998

                                       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 0-21139

                          DURA AUTOMOTIVE SYSTEMS, INC.

             (Exact name of Registrant as specified in its charter)

                DELAWARE                                      38-3185711
     (State or other jurisdiction of                       (I.R.S. Employer
     incorporation or organization)                       Identification No.)
             4508 IDS CENTER                                     55402
         MINNEAPOLIS, MINNESOTA                               (Zip Code)
(Address of principal executive offices)

                                 (612) 342-2311
              (Registrant's telephone number, including area code)

                                 NOT APPLICABLE
     (Former name, former address and former fiscal year, if changed since
                                  last report)

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, and (2) has been subject to such filing requirements
for the past 90 days.

                  Yes X                                       No
                     ---                                        ---

The number of shares outstanding of the Registrant's Class A common stock, par
value $.01 per share, at October 30, 1998 was 9,013,755 shares. The number of
shares outstanding of the Registrant's Class B common stock, par value $.01 per
share, at October 30, 1998 was 3,329,303 shares.


<PAGE>

                                     PART I

ITEM 1 OF PART I SET FORTH IN THE COMPANY'S REPORT ON FORM 10-Q FOR THE PERIOD
ENDED SEPTEMBER 30, 1998 PREVIOUSLY FILED ON NOVEMBER 13, 1998 IS HEREBY AMENDED
AND RESTATED IN ITS ENTIRETY TO READ AS FOLLOWS:

ITEM 1 - FINANCIAL INFORMATION

                 DURA AUTOMOTIVE SYSTEMS, INC. AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

           (AMOUNTS IN THOUSANDS EXCEPT PER SHARE AMOUNTS - UNAUDITED)

<TABLE>
<CAPTION>
                                                       Three Months Ended September 30,
                                                       ---------------------------------
                                                            1998              1997
                                                          --------          --------
<S>                                                    <C>                  <C>
Revenues                                                  $185,204          $101,862

Cost of sales                                              153,345            86,413
                                                          --------          --------

        Gross profit                                        31,859            15,449

Selling, general and administrative expenses                13,103             7,497

Amortization expense                                         3,128             1,032
                                                          --------          --------

        Operating income                                    15,628             6,920

Interest expense, net                                        5,377             2,299
                                                          --------          --------

        Income before provision for income taxes
           and minority interest                            10,251             4,621

Provision for income taxes                                   4,403             1,964

Minority interest - dividends on trust
  preferred securities, net                                    599                 -
                                                          --------          --------

        Net income                                        $  5,249          $  2,657
                                                          --------          --------
                                                          --------          --------

Basic earnings per share                                  $   0.43          $   0.30
                                                          --------          --------
                                                          --------          --------

Diluted earnings per share                                $   0.43          $   0.30
                                                          --------          --------
                                                          --------          --------
</TABLE>


         The accompanying notes are an integral part of these condensed
                            consolidated statements.


                                      -2-
<PAGE>



                 DURA AUTOMOTIVE SYSTEMS, INC. AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

           (AMOUNTS IN THOUSANDS EXCEPT PER SHARE AMOUNTS - UNAUDITED)

<TABLE>
<CAPTION>
                                                          Nine Months Ended September 30,
                                                          -------------------------------
                                                             1998                1997
                                                          ---------           ---------
<S>                                                       <C>                 <C>
Revenues                                                  $ 498,383           $ 324,579

Cost of sales                                               413,230             273,309
                                                          ---------           ---------

        Gross profit                                         85,153              51,270

Selling, general and administrative expenses                 33,986              22,972

Amortization expense                                          6,724               2,806
                                                          ---------           ---------

        Operating income                                     44,443              25,492

Interest expense, net                                        14,185               6,152
                                                          ---------           ---------

        Income before provision for income taxes
           and minority interest                             30,258              19,340

Provision for income taxes                                   12,591               8,039

Minority interest - dividends on trust                                                -
  preferred securities, net                                   1,297
                                                          ---------           ---------

        Income before extraordinary item                     16,370              11,301

Extraordinary item - loss on early
   extinguishment of debt, net                                  643                   -
                                                          ---------           ---------

        Net income                                        $  15,727           $  11,301
                                                          ---------           ---------
                                                          ---------           ---------

Basic earnings per share:
        Income before extraordinary item                  $    1.61           $    1.28
        Extraordinary item                                    (0.06)                  -
                                                          ---------           ---------

           Net income                                     $    1.55           $    1.28
                                                          ---------           ---------
                                                          ---------           ---------

Diluted earnings per share:
        Income before extraordinary item                  $    1.58           $    1.27
        Extraordinary item                                    (0.05)                  -
                                                          ---------           ---------

           Net income                                     $    1.53           $    1.27
                                                          ---------           ---------
                                                          ---------           ---------
</TABLE>


         The accompanying notes are an integral part of these condensed
                            consolidated statements.


                                      -3-
<PAGE>

                 DURA AUTOMOTIVE SYSTEMS, INC. AND SUBSIDIARIES

                      CONDENSED CONSOLIDATED BALANCE SHEETS

                             (AMOUNTS IN THOUSANDS)

<TABLE>
<CAPTION>
                                                                      September 30,        December 31,
                           Assets                                          1998               1997
----------------------------------------------------------------      -------------        ------------
                                                                      (unaudited)
<S>                                                                    <C>                <C>
Current assets:
       Cash and cash equivalents                                       $  13,014          $   4,148
       Accounts receivable, net                                          163,270             79,032
       Inventories                                                        54,083             30,301
       Other current assets                                               43,401             24,800
                                                                       ---------          ---------
             Total current assets                                        273,768            138,281

Property, plant and equipment, net                                       180,776            101,538

Goodwill and other assets, net                                           401,267            160,063

Other assets, net                                                         49,026             19,382
                                                                       ---------          ---------
                                                                       $ 904,837          $ 419,264
                                                                       ---------          ---------
                                                                       ---------          ---------

            Liabilities and Stockholders' Investment
----------------------------------------------------------------

Current liabilities:
       Current maturities of long-term debt                            $   7,906          $   2,241
       Accounts payable                                                   93,059             49,153
       Accrued liabilities                                               106,351             36,583
                                                                       ---------          ---------
             Total current liabilities                                   207,316             87,977

Long-term debt, net of current maturities                                238,771            178,081
Senior subordinated notes                                                 75,000                  -
Other noncurrent liabilities                                              99,221             51,498
                                                                       ---------          ---------
             Total current liabilities                                   412,992            229,579
                                                                       ---------          ---------

Mandatorily redeemable convertible trust preferred securities             55,250                  -

Stockholders' investment:
       Preferred stock                                                         -                  -
       Common stock - Class A                                                 90                 42
       Common stock - Class B                                                 33                 46
       Additional paid-in capital                                        171,252             63,402
       Retained earnings                                                  56,755             41,028
       Cumulative translation adjustment                                   1,149             (2,810)
                                                                       ---------          ---------
             Total stockholders' investment                              229,279            101,708
                                                                       ---------          ---------
                                                                       $ 904,837          $ 419,264
                                                                       ---------          ---------
                                                                       ---------          ---------
</TABLE>

         The accompanying notes are an integral part of these condensed
                          consolidated balance sheets.


                                      -4-
<PAGE>

                 DURA AUTOMOTIVE SYSTEMS, INC. AND SUBSIDIARIES

                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                       (AMOUNTS IN THOUSANDS - UNAUDITED)

<TABLE>
<CAPTION>
                                                                      Nine Months Ended September 30,
                                                                      -------------------------------
                                                                          1998                1997
                                                                       ---------           ---------
<S>                                                                   <C>                  <C>
OPERATING ACTIVITIES:
      Net income                                                       $  15,727           $  11,301
      Adjustments to reconcile net income to
        net cash provided by (used in) operating activities -
         Depreciation and amortization                                    19,357               9,170
         Extraordinary loss on extinguishment of debt                        643                   -
         Changes in other operating items                                (46,261)            (24,379)
                                                                       ---------           ---------
      Net cash used in operating activities                              (10,534)             (3,908)
                                                                       ---------           ---------

INVESTING ACTIVITIES:
      Acquisitions, net of cash acquired                                (190,779)            (64,273)
      Capital expenditures, net                                          (16,426)             (6,157)
      Other, net                                                            (167)                  -
                                                                       ---------           ---------
         Net cash used in investing activities                          (207,372)            (70,430)
                                                                       ---------           ---------

FINANCING ACTIVITIES:
      Proceeds from borrowing                                            242,188             234,770
      Repayments of debt                                                (177,161)           (156,831)
      Proceeds from issuance of common stock
        and exercise of stock options                                    107,441                   -
      Proceeds from issuance of preferred securities                      52,525                   -
      Other, net                                                             444                 343
                                                                       ---------           ---------
         Net cash provided by financing activities                       225,437              78,282
                                                                       ---------           ---------

EFFECT OF EXCHANGE RATES ON CASH                                           1,335                (191)
                                                                       ---------           ---------

NET INCREASE IN CASH AND CASH EQUIVALENTS                                  8,866               3,753

CASH AND CASH EQUIVALENTS:
      Beginning of period                                                  4,148               1,667
                                                                       ---------           ---------
      End of period                                                    $  13,014           $   5,420
                                                                       ---------           ---------
                                                                       ---------           ---------
</TABLE>

         The accompanying notes are an integral part of these condensed
                            consolidated statements.


                                      -5-
<PAGE>

                 DURA AUTOMOTIVE SYSTEMS, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

1.   The accompanying condensed consolidated financial statements have been
     prepared by Dura Automotive Systems, Inc. (the "Company"), without audit,
     pursuant to the rules and regulations of the Securities and Exchange
     Commission. The information furnished in the condensed consolidated
     financial statements includes normal recurring adjustments and reflects all
     adjustments which are, in the opinion of management, necessary for a fair
     presentation of such financial statements. Certain information and footnote
     disclosures normally included in financial statements prepared in
     accordance with generally accepted accounting principles have been
     condensed or omitted pursuant to such rules and regulations. Although the
     Company believes that the disclosures are adequate to make the information
     presented not misleading, it is suggested that these condensed consolidated
     financial statements be read in conjunction with the audited financial
     statements and the notes thereto included in the Company's 1997 Annual
     Report.

     Revenues and operating results for the three and nine months ended
     September 30, 1998 are not necessarily indicative of the results to be
     expected for the full year.

2.   Inventories consisted of the following (in thousands):

<TABLE>
<CAPTION>
                                        Sept. 30, 1998         Dec. 31, 1997
                                        --------------         -------------
<S>                                     <C>                    <C>
           Raw materials                $       21,844         $      15,562
           Work-in-process                      17,213                 9,126
           Finished goods                       15,026                 5,613
                                        --------------         -------------
           Total inventories            $       54,083         $      30,301
                                        --------------         -------------
                                        --------------         -------------
</TABLE>

3.   On June 17, 1998, the Company completed a public offering of 3,100,000
     shares of its Class A common stock at an offering price of $32.75 per share
     ("Offering"). Net proceeds to the Company, after underwriting discounts and
     offering expenses, were approximately $95.0 million. Proceeds from the
     Offering were used to retire outstanding indebtedness. Certain stockholders
     of the Company converted 1,308,000 shares of Class B common stock of the
     Company into Class A stock and sold such Class A stock concurrent with the
     Offering. In addition, an employee of the Company exercised an option to
     acquire 5,000 shares of Class A common stock at an exercise price of $14.50
     per share, and sold such Class A shares concurrent with the Offering. On
     July 1, 1998 the underwriters, pursuant to their over-allotment option,
     purchased an additional 400,000 Class A shares resulting in additional net
     proceeds of approximately $12.4 million to the Company.

4.   Basic earnings per share were computed by dividing net income by the
     weighted average number of Class A and Class B common shares outstanding
     during the periods. Diluted earnings per share include (i) the effects of
     outstanding stock options using the treasury stock


                                      -6-
<PAGE>

     method and (ii) the conversion of the Preferred Securities from their date
     of issuance on March 20, 1998 as follows (in thousands, except per share
     data):

<TABLE>
<CAPTION>
                                                                  Three Months                     Nine Months
                                                                 Ended Sept. 30,                 Ended Sept. 30,
                                                            1998             1997             1998             1997
                                                           -------          -------          -------          -------
<S>                                                        <C>              <C>              <C>              <C>
     Net income                                            $ 5,249          $ 2,657          $15,727          $11,301
     Dividends on mandatorily redeemable
       convertible preferred securities, net of tax            599                -            1,297                -
                                                           -------          -------          -------          -------

     Net income applicable to common
       stockholders - diluted                              $ 5,848          $ 2,657          $17,024          $11,301
                                                           -------          -------          -------          -------
                                                           -------          -------          -------          -------

     Weighted average number of Class A
       common shares outstanding                             9,000            3,869            6,011            3,842
     Weighted average number of Class B
       common shares outstanding                             3,342            4,940            4,149            4,963
     Dilutive effect of outstanding stock options
       after application of the treasury stock
       method                                                   76               65               86               59
     Dilutive effect of mandatorily redeemable
       convertible preferred securities, assuming
       conversion                                            1,289                -              912                -
                                                           -------          -------          -------          -------
     Diluted shares outstanding                             13,707            8,874           11,158            8,864
                                                           -------          -------          -------          -------
                                                           -------          -------          -------          -------

     Basic earnings per share                              $  0.43          $  0.30          $  1.55          $  1.28
                                                           -------          -------          -------          -------
                                                           -------          -------          -------          -------

     Diluted earnings per share                            $  0.43          $  0.30          $  1.53          $  1.27
                                                           -------          -------          -------          -------
                                                           -------          -------          -------          -------
</TABLE>

5.   In January 1997, the Company acquired all of the outstanding common stock
     of the VOFA Group ("VOFA") for approximately $38.0 million in cash and
     assumed indebtedness, plus contingent payments. VOFA designs and
     manufactures shifter cables and other light duty cables for the European
     automotive and industrial markets from facilities in Dusseldorf, Gehren and
     Daun, Germany and Barcelona, Spain.

     In May 1997, the Company acquired the automotive parking brake business
     from Excel Industries, Inc. for approximately $2.9 million. The acquisition
     increased the Company's penetration of the parking brake market and
     expanded the Company's relationship with Chrysler. The pro forma effects of
     this transaction are not material to the Company's results of operations
     for the nine months ended September 30, 1997.

     In August 1997, the Company acquired GT Automotive Systems, Inc. ("GT
     Automotive"), for approximately $45.0 million in cash and assumed
     indebtedness, plus contingent payments. GT Automotive designs and
     manufactures column-mounted shifter systems and turn signal and tilt lever
     assemblies for North American OEMs. The acquisition of GT Automotive,
     combined with the Company's existing position in console-based shifter
     systems, increased the Company's share of the North American shifter
     market. In addition, the acquisition added Nissan as a customer.

     In December 1997, the Company purchased approximately 19% of the
     outstanding common stock of Thixotech Inc. ("Thixotech") for approximately
     $0.5 million. The Company also


                                      -7-
<PAGE>

     loaned Thixotech an additional $2.8 million pursuant to notes which are
     convertible into additional common stock of Thixotech at the Company's
     option. If exercised, the Company could own a majority of Thixotech.
     Thixotech is currently pursuing the development of an alternative
     manufacturing technology for component parts.

     In December 1997, the Company acquired REOM Industries (Aust) Pty Ltd.
     ("REOM"), an Australian designer and manufacturer of jacks and parking
     brakes, for approximately $3.7 million. The acquisition added market
     penetration in parking brakes, added a new product (jacks) and established
     a presence in the Pacific Rim. The pro forma effects of this transaction
     are not material to the Company's results of operations for the nine month
     period ended September 30, 1997.

     In March 1998, the Company acquired Universal Tool & Stamping Co., Inc.
     ("Universal"), a manufacturer of jacks for the North American automotive
     industry, for approximately $18.0 million. The acquisition provided the
     Company with a market presence for jacks in North America and added Honda
     as a significant new customer.

     In April 1998, the Company acquired all of the outstanding equity interests
     of Trident Automotive plc ("Trident"). Trident had revenues of
     approximately $300 million in 1997, of which 69 percent was derived from
     sales of cable assemblies, principally to the automotive OEM market, and
     the balance from door handle assemblies, lighting and other products.
     Approximately 68 percent of Trident's revenues were generated in North
     America, 27 percent in Europe and the remainder in Latin America. Trident's
     operations are headquartered in Michigan with manufacturing and technical
     facilities in Michigan, Tennessee, Arkansas, Canada, the United Kingdom,
     Germany, France and Brazil. Pursuant to the terms of the agreement, the
     Company acquired all of the outstanding equity interests of Trident for
     total consideration of $87.5 million in cash. In addition, the Company
     assumed $75.0 million of Trident's outstanding 10% Senior Subordinated
     Notes due 2005. The Company also repaid Trident's outstanding senior
     indebtedness of approximately $53.0 million. The acquisition of Trident was
     financed with borrowings under a new credit facility which is further
     described in Note 6.

     In August 1998, the Company acquired the hinge business ("Hinge") of Tower
     Automotive, Inc. for approximately $37.0 million. Hinge, which has annual
     revenues of approximately $50.0 million, manufactures automotive hood and
     deck lid hinges.

     The acquisitions of GT Automotive, REOM, Universal, Trident and Hinge have
     been accounted for using the purchase method of accounting and,
     accordingly, the assets acquired and liabilities assumed have been recorded
     at fair value as of the dates of acquisition, with the excess purchase
     price recorded as goodwill. The assets and liabilities have been recorded
     based upon preliminary estimates of fair value. The Company is further
     evaluating the fair value of certain assets acquired and liabilities
     assumed. As a result, the final evaluation will likely result in
     adjustments to the preliminary allocations which may result in changes to
     goodwill.

     The accompanying unaudited pro forma condensed results of operations for
     the nine months ended September 30, 1998 give effect to the acquisitions of
     Universal, Trident and Hinge, the Offering and the offering of the
     Convertible Trust Preferred Securities, which is further described in Note
     7, as if such transactions had occurred at the beginning of the period and
     exclude the effects of the extraordinary loss. The following unaudited pro
     forma results of


                                      -8-
<PAGE>

     operations for the nine months ended September 30, 1997 give effect to the
     transactions described above and the acquisition of GT Automotive as if
     such transactions had been completed at the beginning of the period. The
     1998 results of operations of Trident for the period prior to its
     acquisition date, which are included in the unaudited pro forma financial
     information, reflect pretax charges of approximately $3.6 million relating
     to the recognition of obligations to certain Trident customers. The
     unaudited pro forma information does not purport to represent what the
     Company's results of operations would actually have been if such
     transactions in fact had occurred at such date or to project the Company'
     results of future operations (in thousands, except per share data):


<TABLE>
<CAPTION>
                                                  Nine Months Ended September 30,
                                               ------------------------------------
                                                     1998                   1997
                                               --------------         -------------
<S>                                            <C>                    <C>
           Revenues                            $      645,765         $     659,015
                                               --------------         -------------
                                               --------------         -------------

           Operating income                    $       49,102         $      48,108
                                               --------------         -------------
                                               --------------         -------------

           Net income                          $       17,390         $      18,396
                                               --------------         -------------
                                               --------------         -------------

           Basic earnings per share            $         1.41         $        1.50
                                               --------------         -------------
                                               --------------         -------------

           Diluted earnings per share          $         1.41         $        1.48
                                               --------------         -------------
                                               --------------         -------------
</TABLE>

6.   Long-term debt consisted of the following (in thousands):

<TABLE>
<CAPTION>
                                                    September 30,       December 31,
                                                       1998                1997
                                                   -------------       ------------
<S>                                                <C>                 <C>
           Bank Credit Agreement:
             Term loans                             $  96,577           $       -
             Revolving credit facilities              140,449                   -
           Trident 10% senior subordinated             75,000                   -
           Old Bank Credit Agreement                        -             165,158
           Other                                        9,651              15,164
                                                    ---------           --------
                                                      321,677             180,322
           Less-current maturities                     (7,906)             (2,241)
                                                    ---------           --------
           Total long-term debt                     $ 313,771           $ 178,081
                                                    ---------           --------
                                                    ---------           --------
</TABLE>

     On April 30, 1998 in connection with the acquisition of Trident, the
     Company entered into a new $402.5 million credit agreement ("Credit
     Agreement"). The Credit Agreement provided for revolving credit facilities
     of $225.0 million, term loans of $100.0 million, an acquisition facility of
     $30.0 million and a twelve month interim loan of $47.5 million. Proceeds
     from the Offering were partially used to retire the interim loan and $3.6
     million of the term loans. The Credit Agreement has a term of five years
     and borrowings bear interest at the lenders reference rate or the
     Eurocurrency rate. The interest rate on borrowings outstanding under the
     Credit Agreement ranged from 4.6% to 8.5% as of September 30, 1998. The
     Credit Agreement contains various restrictive covenants which limit
     indebtedness, investments, rental obligations and cash dividends. The
     Credit Agreement also requires the Company to maintain certain financial
     ratios including minimum liquidity and interest coverage. The


                                      -9-
<PAGE>

     Company was in compliance with the covenants as of September 30, 1998.
     Borrowings under the Credit Agreement are collateralized by the assets of
     the Company.

     The Credit Agreement provides the Company with the ability to denominate a
     portion of its revolving credit borrowings in foreign currencies up to an
     amount equal to $100.0 million. As of September 30, 1998, $126.5 million of
     borrowings were denominated in US dollars, $5.3 million of borrowings were
     denominated in Canadian dollars, $2.1 million of borrowings were
     denominated in Australian dollars, $4.2 million of borrowings were
     denominated in Deutsche Marks, and $2.4 million in British pound sterling.

     In connection with the termination of the Company's former credit facility,
     the Company wrote-off deferred financing costs of approximately $643,000,
     net of income taxes. This charge is reflected as an extraordinary item in
     the accompanying statement of operations.

     In December 1997, Trident issued $75 million aggregate principal amount
     senior subordinated notes. The notes bear interest at 10%, payable
     semiannually, and are due in December 2005.

7.   On March 20, 1998, Dura Automotive Systems Capital Trust (the "Issuer"), a
     wholly owned statutory business trust of the Company, completed the
     offering of $55.3 million of its 7 1/2% Convertible Trust Preferred
     Securities ("Preferred Securities"), resulting in net proceeds to the
     Company of approximately $52.6 million. The Preferred Securities are
     redeemable, in whole or part, on or after March 31, 2001 and all Preferred
     Securities must be redeemed no later than March 31, 2028. The Preferred
     Securities are convertible, at the option of the holder into Class A common
     stock of the Company at a rate of 0.5831 shares of Class A common stock for
     each Preferred Security, which is equivalent to a conversion price of $42
     7/8 per share. The net proceeds of the offering were used to repay
     outstanding indebtedness. Dividends on the Preferred Securities, net of the
     related income tax benefit, are reflected as minority interest in the
     accompanying condensed consolidated statements of operations.

     No separate financial statements of the Issuer have been included herein.
     The Company does not consider that such financial statements would be
     material to holders of Preferred Securities because (i) all of the voting
     securities of the Issuer are owned, directly or indirectly, by the Company,
     a reporting company under the Exchange Act, (ii) the Issuer has no
     independent operations and exists for the sole purpose of issuing
     securities representing undivided beneficial interests in the assets of the
     Issuer and investing the proceeds thereof in 7 1/2% Convertible
     Subordinated Debentures due March 31, 2028 issued by the Company and (iii)
     the obligations of the Issuer under the Preferred Securities are fully and
     unconditionally guaranteed by the Company.

8.   Effective January 1, 1998, the Company adopted SFAS No. 130, "Reporting
     Comprehensive Income." This statement established standards for reporting
     and display of comprehensive income and its components. Comprehensive
     income reflects the change in equity of a business enterprise during a
     period from transactions and other events and circumstances from non-owner
     sources. For the Company, comprehensive income represents net income
     adjusted for foreign currency translation adjustments. Comprehensive income
     was approximately $8.0 million and $2.5 million for the three months ended
     September 30, 1998


                                      -10-
<PAGE>

     and 1997, respectively and approximately $15.4 million and $9.9 million for
     the nine months period ended September 30, 1998 and 1997, respectively.

     The Financial Accounting Standards Board ("FASB") has issued SFAS No. 131,
     "Disclosures about Segments of an Enterprise and Related Information,"
     effective for fiscal years beginning after December 15, 1997. SFAS No. 131
     requires disclosure of business and geographic segments in the consolidated
     financial statements of the Company. The Company will adopt SFAS No. 131 in
     1998 and is currently analyzing the impact it will have on the disclosures
     in its financial statements.

     The FASB has also issued SFAS No. 132, "Employers' Disclosures about
     Pensions and Other Postretirement Benefits," effective for fiscal years
     beginning after December 31, 1997. SFAS No. 132 revises certain of the
     disclosure requirements, but does not change the measurement or recognition
     of those plans. The adoption of SFAS No. 132 will result in revised and
     additional disclosures, but will have no effect on the financial position,
     results of operations, or liquidity of the Company.

     In June 1998 the FASB issued SFAS No. 133 "Accounting for Derivative
     Instruments and Hedging Activities" effective for years beginning after
     June 15, 1999. SFAS No. 133 establishes 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. SFAS No. 133
     requires that changes in the derivative's fair value be recognized
     currently in earnings unless specific hedge criteria are met. Special
     accounting for qualifying hedges allow a derivative's gains or 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. The Company
     has not yet quantified the impacts of adopting SFAS No. 133 and has not yet
     determined the timing or method of adoption.

9.   Supplemental cash flow information (in thousands):

<TABLE>
<CAPTION>
                                        Three Months Ended                Nine Months Ended
                                           September 30,                    September 30,
                                    ------------------------          ------------------------
                                      1998             1997            1998             1997
                                    -------          -------          -------          -------
<S>                                 <C>              <C>              <C>              <C>
           Cash paid for -
             Interest               $ 6,407          $ 2,031          $15,859          $ 5,552
             Income taxes             2,398            1,680            9,804            3,974
</TABLE>


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<PAGE>

                                    SIGNATURE


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.

                                   DURA AUTOMOTIVE SYSTEMS, INC.


Date:  March 3, 1999               By /s/ Stephen E.K. Graham
                                      -----------------------------------------
                                        Stephen E.K. Graham
                                        Vice President, Chief Financial Officer
                                        (principal accounting and financial
                                        officer)


                                      -12-