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                                                                    EXHIBIT 99

DELCO REMY INTERNATIONAL EXPECTS CALENDAR 2000 PRO FORMA AND CALENDAR 2001
EARNINGS TO MEET THE RANGE OF ANALYSTS' ESTIMATES

         ANDERSON, INDIANA, JANUARY 19, 2001 - Delco Remy International, Inc.
(NYSE:RMY) announced today that it expects to meet analysts' earnings estimates
for calendar year 2000 and be in the range of estimates for 2001. According to
Senior Vice President and Chief Financial Officer J. Timothy Gargaro, "We are
comfortable with the First Call Consensus estimates of $0.24 per share for the
fourth quarter and $1.26 per share for the twelve months ended December 31,
2000." Pro forma results reported for the comparable period of calendar year
1999 were $0.24 and $1.20.

         Gargaro also reported the Company is currently expecting earnings of
$0.12 per share in the first quarter of 2001 and $1.27 per share for the full
year, which is in the range of expectations. The first quarter decline is due
primarily to softness in the OEM heavy-duty market and lower demand from General
Motors. The forecast of $1.27 per share reflects the favorable impact of $.07
per share on account of the anticipated purchase of minority interests. This
compares to the projections contained in the offer by Court Square Ltd. on
January 11, 2001 of $1.45 per share, which also include earnings from potential
acquisitions of $0.10 per share. These projections were prepared by the Company
for internal purposes before the announced production cutbacks by General Motors
and were based on a number of assumptions, including total estimated North
American automobile production for 2001. Certain projections for 2002 and 2003
were also contained in the tender offer materials and the Company believes that
those estimates may need to be adjusted downward as well.

         The Company will announce results for the fourth quarter and calendar
year 2000 and hold a conference call on Thursday, February 22, 2001.

         Delco Remy International, Inc., headquartered in Anderson, Indiana
(USA), became a public company in 1997. The Company designs, manufactures,
remanufactures and distributes electrical, powertrain/drivetrain and related
components and provides core exchange services for automobiles and light trucks,
medium- and heavy-duty trucks and other heavy-duty and industrial applications.
The Company serves the aftermarket and original equipment manufacturer market,
principally in North America, as well as Europe, Latin America and Asia Pacific.
More information is available on the Company web site at
http://www.delcoremy.com

         Statements in this press announcement, which are not historical, are
forward-looking statements that involve certain risks and uncertainties,
including, but not limited to risks associated with the uncertainty of future
financial results, acquisitions, additional financing requirements, development
of new products and services, the effect of competitive products or pricing, the
effect of economic conditions and other uncertainties detailed from time to time
in the Company's filings with the Securities and Exchange Commission.

Investor Relations:        J. Timothy Gargaro        765-778-6660
                           David E. Stoll            765-778-6523
Media Relations:           John J. Pyzik             765-778-6607
Delco Remy Web site:       http:/www.delcoremy.com