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Press release from Business Wire

Alcoa Congratulates Tesla on the All-Aluminum Model S Being Named Automobile Magazine's ‘Car of the Year'

Tuesday, November 06, 2012

Alcoa Congratulates Tesla on the All-Aluminum Model S Being Named Automobile Magazine's ‘Car of the Year'12:30 EST Tuesday, November 06, 2012 NEW YORK (Business Wire) -- Alcoa (NYSE:AA) today congratulated Tesla Motors on the Tesla Model S electric vehicle, an all-aluminum premium sedan, being named Automobile Magazine's 2013 Car of the Year. The body of Model S is a state-of-the-art, aluminum-intensive design and has won accolades across the industry. It accelerates from 0 to 60 miles per hour in 5.6 seconds, with zero tailpipe emissions. In naming the Tesla Model S the 2013 Car of the Year, Automobile Magazine said, “It's the performance that won us over….The crazy speed builds silently and then pulls back the edges of your face. It had all of us endangering our licenses.” The magazine added, “Practically every new car claims to be revolutionary. But this one actually feels like it is, to the point that many of us were reaching outside the automotive lexicon to describe it. It reminds (us) of the first time (we) used an iPhone.” “We have always said that the all-aluminum Tesla Model S is a marvel and it is great to see a leading publication such as Automobile Magazine agree,” said Mark Vrablec, President of Alcoa Aerospace, Transportation and Industrial Products, part of Alcoa's Global Rolled Products group. “We congratulate the entire Tesla team on this achievement and we look forward to their continued revolutionary work.” About Alcoa Alcoa is the world's leading producer of primary and fabricated aluminum, as well as the world's largest miner of bauxite and refiner of alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa's operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for 11 consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 61,000 people in 31 countries across the world. More information can be found at www.alcoa.com. AlcoaInvestor ContactKelly Pasterick, 212-836-2674orMedia ContactKevin G. Lowery, 412-553-1424Mobile 724-422-7844