EXHIBIT (22) SUBSIDIARIES OF CLARK EQUIPMENT COMPANY (CLARK) Except as otherwise indicated below, the following corporations are wholly owned subsidiaries of Clark. Jurisdiction of Name (1) Incorporation Automotive Products Company Delaware Blaw-Knox Construction Equipment Corporation Delaware Clark Equity Company Delaware Clark Industries Company Delaware Blaw-Knox Company (3) England Club Car, Inc. Delaware Club Car International, Inc. Guam Club Car Limited New Zealand Clark Business Services Corporation Michigan Celfor Insurance Co., Ltd. Bermuda Clark Distribution Services Inc. Michigan CDS Midwest, Inc. Michigan Clark Equipment Belgium N.V. Belgium Clark Equipment of Canada Ltd. Canada Clark Foreign Sales Corporation Barbados Clark-Hurth Components S.p.A. Italy Clark-Hurth Components S.A.R.L. (2) France Clark-Hurth Components Marketing Company Delaware Clark-Hurth Components Vertriebs GmbH West Germany Melroe Equipment Limited Canada Melroe Parts Trading GmbH West Germany (1) Where the name of a subsidiary is indented, it is wholly owned by its immediate parent listed at the margin above it, unless otherwise indicated. (2) 95% owned by Clark-Hurth Components S.p.A. and 5% owned by Clark Business Services Corporation. (3) 99% owned by Clark Industries Company and 1% owned by Clark Equity Company.