Exhibit 99.1

              Standard Automotive Corporation Announces Forbearance
                              under Credit Facility

NEW YORK--(BUSINESS WIRE)--October 27, 2001--Standard Automotive Corporation
(AMEX: AJX) today announced that the Company and its bank lenders under the
Company's Term Loan and Revolving Credit Facility ("Credit Facility") have
entered into a forbearance agreement expiring on January 31, 2002. Pursuant to
the forbearance agreement, the bank lenders have agreed to refrain from
exercising their rights and remedies under the Credit Facility until such date
with respect to the defaults by the Company thereunder. The bank lenders
maintain the ability to exercise their rights and remedies under the Credit
Facility to the extent the Company defaults under such forbearance agreement or
at any time following the termination of such forbearance agreement.

Standard Automotive Corporation is a diversified company with production
facilities located throughout the United States, Canada, and Mexico. Standard
manufactures precision products for the aerospace, nuclear, industrial and
defense markets; it designs and builds remotely operated systems used in
contaminated waste cleanup; it designs and manufacturers trailer chassis used in
transporting maritime and railroad shipping containers; and it builds a broad
line of specialized dump truck bodies, dump trailers, and related products.
Through its Providence Group, Standard provides engineering professional
services to both government and commercial industry.

This release contains certain forward-looking statements, which involve known
and unknown risks, uncertainties, and other factors not under the Company's
control, which may cause actual results, performance, and achievements of the
Company to be materially different from the results, performance or expectations
of the Company. These factors may include, but are not limited to, those
detailed in the Company's periodic filings with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K, as amended, for
the fiscal year ended March 31, 2001.


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Contact:

     Investor Relations
     Standard Automotive Corporation
     Matt Burris
     212/286-1300
     908/874-7778