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TUCSON, Arizona, November 20, 2002

WALBRO ENGINE MANAGEMENT ACQUIRES FULL OWNERSHIP OF WALBRO TDD, RENAMES IT WALBRO ITALY

Walbro Engine Management has acquired full ownership of Walbro TDD, a designer and manufacturer of electronic control units based in Bologna, Italy. Walbro TDDs operations will be renamed Walbro Italy.

"This acquisition gives Walbro Engine Management control of its destiny in the area of electronic control units," Andrew V. Masterman, President, Walbro Engine Management, said in announcing the acquisition. "We expect electronic control units to play an increasingly important role as electronic fuel injection becomes common in a greater variety of engine applications. Walbro Italy's expertise in this area will allow us to better serve our customers, many of whom are looking to Walbro for complete systems knowledge in engine management technology."

Walbro TDD was established in 1997. The operation supplies electronic control units for a variety of high performance applications including offshore racing boats, track and rally cars, and motorcycles.

Walbro Italy also provides sales and engineering support for Walbro's lawn and garden and two-wheeled vehicle customers in Europe.

Walbro Engine Management, a unit of TI Automotive, is the world's largest manufacturer of small engine carburetors for hand-held power equipment and a major manufacturer of small engine ignition systems, fuel injection components and other products for outdoor power equipment, marine and recreational products. Walbro Engine Management has facilities in the United States, Mexico, Italy, Japan, Thailand and China. More information is available at www.walbro.com.

For more information, please contact:

Ann M. Guernsey
Walbro Engine Management
(520) 877-3000