EXHIBIT 99.2


          INTERMET CORPORATION
          5445 Corporate Drive
          Troy, MI 48098-2683
          Tel: 248-952-2500
          Fax: 248-952-2501

[INTERMET LOGO]

                                            NEWS RELEASE

                                            For IMMEDIATE Release
                                            Investor Inquiries: Bytha Mills
                                            Media Inquiries: Mike Kelly
                                            INTERMET Corporation
                                            248-952-2500


INTERMET LENDERS APPROVE CASH COLLATERAL EXTENSION

HEARING SCHEDULED NEXT WEEK TO APPROVE INTERIM FUNDING UNDER DIP FACILITY

TROY, Michigan, October 14, 2004 - INTERMET Corporation (Pink Sheets: INMTQ)
today announced that its pre-petition lenders have agreed to permit the
company's continued use of cash collateral pending the availability of its
debtor-in-possession (DIP) credit facility, subject to a budget that has been
approved by the pre-petition lenders. Use of cash collateral under this
agreement extends through October 22, 2004. The company believes that access to
its cash collateral should be adequate for the conduct of business prior to
closing of the DIP credit facility.

INTERMET is continuing its negotiations for a DIP facility and has entered into
a commitment with Deutsche Bank Trust Company Americas and The Bank of Nova
Scotia for a twelve-month secured DIP revolving credit facility in the principal
amount of $60 million. The Bankruptcy Court will consider the company's request
for approval of up to $20 million under the DIP facility at a hearing scheduled
for Tuesday, October 19, 2004. In addition to court approval, the $20 million is
subject to an agreed-upon budget, execution of definitive loan documentation,
which the company expects will occur next week, and other customary conditions,
including the placement of a lien on substantially all of INTERMET's assets
having priority over the liens of the company's pre-petition lenders.

The remaining $40 million of availability under the DIP facility is subject to
various additional conditions and limitations, including approval by the DIP
lenders of a 13-week cash-flow budget and certain financial projections prepared
by INTERMET and final approval by the court. INTERMET will be subject to
customary financial and other covenants under the terms of the DIP facility.

                                     (more)






INTERMET Corporation
October 14, 2004
Page 2

INTERMET's Board of Directors has voted to suspend payments of the quarterly
dividend of $0.01 per share declared in July 2004 and scheduled to be paid
October 1, 2004, to shareholders of record on September 1, 2004.

About INTERMET

With headquarters in Troy, Michigan, INTERMET Corporation is a manufacturer of
powertrain, chassis/suspension and structural components for the automotive
industry. The company has approximately 6,000 employees worldwide. More
information is available on the Internet at www.intermet.com.

Cautionary Statement

     This news release includes forward-looking statements within the meaning of
     the Private Securities Litigation Reform Act of 1995. The words and phrases
     "believes," "should be," "expects" and similar expressions, identify
     forward-looking statements. These statements are not guarantees of future
     performance but instead involve various risks and uncertainties. INTERMET's
     actual results may differ materially from those suggested by its
     forward-looking statements due to factors such as: the economic cost,
     management distraction and lost business opportunities associated with
     bankruptcy proceedings; INTERMET's ability to consummate its anticipated
     DIP financing; the high cost of scrap steel and the possibility that scrap
     steel costs will remain at high levels or continue to increase, which would
     have further negative effects on INTERMET's profitability, cash flow,
     liquidity and ability to borrow; fluctuations in the cost of other raw
     materials, including the cost of energy, aluminum, zinc, magnesium and
     alloys, and INTERMET's ability, if any, to pass those costs on to its
     customers; pricing practices of INTERMET's customers, including changes in
     their payment terms resulting from the discontinuation of early payment
     programs and continuing demands for price concessions as a condition to
     retaining current business or obtaining new business, and the negative
     effect that price concessions have on profit margins; changes in
     procurement practices and policies of INTERMET's customers for automotive
     components, including the risk of the loss of major customers or the loss
     of current or prospective vehicle programs as a result of INTERMET's
     financial condition and prospects (or otherwise); possible inability to
     close unprofitable plants or to transfer work from one plant to another
     because of the related costs or customer requirements; general economic
     conditions, including any downturn in the markets in which INTERMET
     operates; fluctuations in automobile and light and heavy truck production,
     which directly affect demand for INTERMET's products; deterioration in the
     market share of any of INTERMET's major customers; fluctuations in foreign
     currency exchange rates; work stoppages or other labor disputes that could
     disrupt production at INTERMET's facilities or those of its customers;
     continuing changes in environmental regulations to which INTERMET is
     subject, and the costs INTERMET will incur in meeting more stringent
     regulations; factors or presently unknown circumstances that may result in
     impairment of INTERMET's assets, including further write-downs of its
     goodwill; and other risks as detailed from time to time in INTERMET's
     periodic SEC reports.



                                      ###