Exhibit 99.1

Remy International, Inc. 2902 Enterprise Drive • Anderson, Indiana 46013 USA 765-778-6499

Fax 765-778-6525

For Immediate Release

August 8, 2006

Remy International, Inc. Announces Second Quarter 2006 Results – Improvement Continues

Anderson, Indiana, August 8, 2006 / PR Newswire / — Remy International, Inc. (“Remy International” or the “Company”), a leading manufacturer, remanufacturer and distributor of Delco Remy brand heavy-duty systems and Remy brand starters and alternators, diesel engines, locomotive products and hybrid power technology, today reported its financial results for the three and six month periods ended June 30, 2006.

Net sales for the second quarter set an all-time record increasing $59.8 million to $372.2 million, a 19.2% increase, compared with $312.3 million reported in the corresponding period last year. Sales increased in all product categories as compared to the second quarter of 2005. Automotive OEM sales increased 36.5% primarily relating to the continued ramp up of the alternator business and pass through of commodity price increases. Powertrain sales increased 36.9% due to a strong demand for diesel engine parts. Heavy duty OEM sales remain strong and were up 6.6%. Electrical aftermarket sales increased 8.7% due to unusually strong sales into the retail segment of the automotive aftermarket.

The Company reported an Adjusted EBITDA for the second quarter of $24.7 million, an $18.5 million increase, compared to Adjusted EBITDA of $6.2 million in the second quarter 2005. Higher sales were the largest contributor to the increase in Adjusted EBITDA, although the Company continues to benefit from the restructuring actions taken in the prior year. The second quarter 2005 Adjusted EBITDA was negatively impacted by the $6.0 million charge related to the probable underpayment of U.S. Import Duty for prior years and the significant startup and integration costs incurred in respect to the Company’s Mexican Operations.

The Company reported operating income of $12.9 million in the second quarter 2006, compared with an operating loss of $3.1 million in the second quarter 2005. Net loss for the second quarter decreased $11.1 million to $10.3 million compared with a $21.4 million net loss reported in the corresponding period last year.

Net sales of $723.8 million in the first six months of 2006 increased $129.9 million, or 21.9%, over the comparable period in 2005. Adjusted EBITDA for the six months ended June 30, 2006 of $48.6 million increased $21.8 million and operating income of $28.6 million increased $16.8 million compared with the same period of 2005.

Net cash used in operating activities for the six months ending June 30, 2006 was $5.9 million, compared with net cash used in operating activities of $38.0 million for the corresponding period last year. The cash usage for the first six months of 2006 includes $9.4 million for previously announced restructuring payments, which were $7.8 million higher than payments made in the first six months of 2005, including a payment related to the UAW settlement reached in January 2006. In addition to the improvement in operating income, continued streamlining of the supply chain and control of inventory despite the sales increase contributed to the reduced cash usage. The Company’s liquidity at June 30, 2006 was approximately $101.6 million, consisting of $84.9 million of availability on its senior credit facility in addition to unrestricted cash of $16.7 million on the consolidated balance sheet. The Company continues to invest in strategic capital programs, but strong control resulted in $8.2 million lower capital spending for the first six months of 2006 compared to the same period in 2005.

Commenting on the second quarter 2006 results, John H. Weber, President and Chief Executive Officer, stated, “I am pleased with the second quarter results, which also reflects two consecutive quarters of improvement being achieved in the fundamental performance of the business. We continue to see strong sales and improvements in Adjusted EBITDA in our core OEM related business and remain focused on strong control of cash spending in light of our difficult capital structure.”

In respect to the outlook for the remainder of 2006, Weber commented, “Conditions in the Electrical aftermarket business represent our largest challenge for the next six months. As a result, Adjusted EBITDA for 2006 is expected to fall closer to the lower end of the range of guidance provided previously. However, due to our increased focus on cash flow and liquidity, we currently remain optimistic that we will achieve our cash flow goals.”

Second Quarter Conference Call:

Remy International’s executive management team will host its second quarter conference call on Tuesday, August 8 at 10:00 a.m. Eastern Daylight Time to discuss the Company’s performance for the second quarter, the outlook for the remainder of 2006, and other matters. The call may be accessed by dialing 800-762-4717 ten minutes prior to the start of the call. A replay of the conference call will be archived for two weeks, and may be accessed by dialing 800-475-6701 (USA), 320-365-3844 (International), Access Code 838556. A copy of the Company’s Second Quarter Conference Call Opening Commentary will be available on the Remy International Website at http://www.remyinc.com under Investor Relations, for approximately 2 weeks.

Use of Non-GAAP Financial Information:

In addition to the results reported in accordance with accounting principles generally accepted in the United States (“GAAP”) included throughout this news release, the Company has provided information regarding “Adjusted EBITDA” (a Non-GAAP financial measure). Adjusted EBITDA represents operating income (loss), plus depreciation and amortization, restructuring charges (credits) and impairment charges. The Company believes Adjusted EBITDA is a meaningful measure of performance that is commonly utilized in the industry to analyze operating performance and liquidity. Adjusted EBITDA should not be construed as income from operations, net income or net cash flow from operating activities as determined by GAAP. For a reconciliation of historical adjusted EBITDA to GAAP financial information, please refer to the table following the accompanying condensed statements of operations.

About Remy International, Inc.:

Remy International, Inc., headquartered in Anderson, Indiana, is a leading manufacturer, remanufacturer and distributor of Delco Remy brand heavy-duty systems and Remy brand starters and alternators, diesel engines, locomotive products and hybrid power technology. The Company also provides a worldwide components core-exchange service for automobiles, light trucks, medium and heavy-duty trucks and other heavy-duty, off-road and industrial applications. Remy was formed in 1994 as a partial divestiture by General Motors Corporation of the former Delco Remy Division, which traces its roots to Remy Electric, founded in 1896.

Caution Regarding Forward-Looking Statements:

This press announcement contains statements relating to future results of the Company that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”) or by the Securities and Exchange Commission (“SEC”) in its rules, regulations and releases. The Company desires to take advantage of the “safe harbor” provisions in the Act for forward-looking statements made in this press announcement. Any statements set forth in this press announcement with regard to its expectations as to financial results and other aspects of its business may constitute forward-looking statements. These statements relate to the Company’s future plans, objectives, expectations and intentions and may be identified by words like “believe,” “expect,” “may,” “will,” “should,” “seek,” or “anticipate,” and similar expressions. The Company cautions readers that any such forward-looking statements are based on assumptions that the Company believes are reasonable, but are subject to a wide range of risks including, but not limited to, risks associated with the uncertainty of future financial results and liquidity, the incremental liquidity provided by the term loan is subject to borrowing base and other limitations on the Company’s ability to borrow under its revolving credit facilities or otherwise, dispositions, acquisitions and integration costs, additional financing requirements, development of new products and services, the effect of competitive products or pricing, the effect of commodity and raw material prices, the impact of supply chain cost management initiatives, restructuring risks, enterprise resource planning implementation risks, customs duty claims, litigation uncertainties, conditions in the automotive industry, foreign currency fluctuations, costs related to re-sourcing and outsourcing products, the effect of economic conditions and other uncertainties detailed from time to time in the Company’s filings with the SEC. Due to these uncertainties, the Company cannot assure readers that any forward-looking statements will prove to have been correct. Remy International is under no obligation to (and expressly disclaims any such obligation to) update or alter any forward-looking statements whether as a result of new information, future events or otherwise.

Investor Relations: Keri Webb 1-765-778-6602

Remy International Website: http://www.remyinc.com

Remy International, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

IN THOUSANDS, At	June 30, 2006			December 31, 2005
	(Unaudited)
Assets:
Current assets:
Cash and cash equivalents	$	18,582		$	20,022
Trade accounts receivable, net		215,970			184,818
Inventories		265,803			261,821
Other current assets		34,007			20,492
Total current assets		534,362			487,153
Property, plant and equipment, net		174,886			174,531
Goodwill, net		156,650			156,650
Other assets		55,738			52,841
Total assets	$	921,636		$	871,175
Liabilities and Stockholders’ Deficit:
Current liabilities:
Accounts payable	$	220,698		$	194,123
Accrued restructuring		5,390			12,669
Other liabilities and accrued expenses		145,466			124,173
Current maturities of long-term debt		27,683			27,501
Total current liabilities		399,237			358,466
Long-term debt, net of current portion		735,047			714,181
Accrued restructuring		1,627			481
Other non-current liabilities		88,386			90,800
Minority interest		13,221			11,558
Total stockholders’ deficit		(315,882	)		(304,311	)
Total liabilities and stockholders’ deficit	$	921,636		$	871,175

Remy International, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(Unaudited)

	Three Months						Six Months
IN THOUSANDS, For the three & six months ended June 30,	2006			2005			2006			2005
Net sales	$	372,178		$	312,341		$	723,767		$	593,909
Cost of goods sold		322,357			281,831			623,981			518,040
Gross profit		49,821			30,510			99,786			75,869
Selling, general and administrative expenses		33,980			32,336			67,332			63,593
Restructuring charges		2,949			1,299			3,894			500
Operating income (loss)		12,892			(3,125	)		28,560			11,776
Interest expense		20,876			17,495			41,367			32,887
Loss from continuing operations before income taxes, minority interest and income from unconsolidated subsidiaries		(7,984	)		(20,620	)		(12,807	)		(21,111	)
Income tax expense		1,059			221			3,321			1,571
Minority interest		1,496			1,025			2,602			2,118
Income from unconsolidated subsidiaries		(80	)		(48	)		(135	)		(131	)
Net loss from continuing operations		(10,459	)		(21,818	)		(18,595	)		(24,669	)
Discontinued operations:
Income (loss) from discontinued operations, net of tax		55			(93	)		(15	)		(294	)
Gain on disposal of discontinued operations, net of tax		108			524			215			679
Net income from discontinued operations, net of tax		163			431			200			385
Net loss attributable to common stockholders	$	(10,296	)	$	(21,387	)	$	(18,395	)	$	(24,284	)
Adjusted EBITDA:
Operating income (loss)	$	12,892		$	(3,125	)	$	28,560		$	11,776
Depreciation and amortization		8,812			7,984			16,164			14,518
Restructuring charges		2,949			1,299			3,894			500
Adjusted EBITDA	$	24,653		$	6,158		$	48,618		$	26,794

Remy International, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited)

IN THOUSANDS, For the six months ended June 30,	2006			2005
Cash Flows from Operating Activities:
Net loss attributable to common stockholders	$	(18,395	)	$	(24,284	)
Adjustments to reconcile net loss to net cash used in operating activities:
Discontinued operations		(200	)		(385	)
Depreciation and amortization		16,164			14,519
Non-cash interest expense		2,103			2,510
Minority interest and loss from unconsolidated subsidiaries, net		2,467			1,987
Deferred income taxes		249			(526	)
Restructuring charges		3,894			500
Cash payments for restructuring charges		(9,436	)		(1,618	)
Changes in accounts receivable, inventory and accounts payable, net		(6,458	)		(22,813	)
Other, net		3,759			(7,846	)
Net cash used in operating activities of continuing operations		(5,853	)		(37,956	)
Cash Flows from Investing Activities:
Acquisitions, net of cash acquired		(2,101	)		(56,994	)
Net proceeds on sale of businesses		215			503
Purchases of property, plant and equipment		(11,551	)		(19,764	)
Net cash used in investing activities of continuing operations		(13,437	)		(76,255	)
Cash Flows from Financing Activities:
Net borrowings under revolving line of credit and other		18,790			74,497
Financing costs		—			(325	)
Distributions to minority interests		(986	)		—
Net cash provided by financing activities of continuing operations		17,804			74,172
Effect of exchange rate changes on cash		239			(678	)
Cash flows of discontinued operations—operating activities		(193	)		(180	)
Net decrease in cash and cash equivalents		(1,440	)		(40,897	)
Cash and cash equivalents at beginning of year		20,022			62,545
Cash and cash equivalents at end of period	$	18,582		$	21,648