Filed by Terex Corporation
                           Pursuant to Rule 425 under the Securities Act of 1933
                           Subject Company: CMI Corporation
                           Commission File No. 1-5951

For information,  contact: Kevin O'Reilly, Vice President, Investor Relations at
(203) 222-5943

                               OF CMI CORPORATION

         WESTPORT, CT, August 30, 2001 -- Terex Corporation [NYSE: TEX]
announced today that it has received early termination of the waiting period
under the Hart-Scott-Rodino Antitrust Improvements Act relating to its proposed
merger with CMI Corporation [NYSE: CMI].

         The CMI shareholder's meeting has been scheduled for September 28,
2001, and the merger is expected to be consummated in early October.

         CMI is a leading manufacturer of a broad range of leading-edge
automated machines for the construction and maintenance of highways, city
streets and county roads, parking lots and bridges, with 2000 revenues in excess
of $225 million. Products include asphalt and concrete mixing plants, road
profiling and reclaiming equipment, concrete paving systems and landfill
compactors and grinders.

         Terex Corporation is a diversified global manufacturer based in
Westport, Connecticut, with 2000 revenues in excess of $2 billion. Terex is
involved in a broad range of construction, infrastructure, recycling and
mining-related capital equipment under the brand names of Terex, Unit Rig,
Payhauler, O&K, Fermec, Benford, Powerscreen, Finlay, B.L. Pegson, Simplicity,
Cedarapids, Grayhound, Jaques, Canica-Jaques, Lorain, PPM, P&H, Franna,
Marklift, Koehring, Bendini, RO, Telelect, Square Shooter, American,
Italmacchine, Peiner, Comedil, Matbro, Amida, Bartell, Coleman, Muller and
Morrison. More information on Terex can be found at

Additional Information and Where to Find It

         Terex has filed a registration statement with the SEC on Form S-4
in connection with the merger and Terex and CMI are mailing a proxy
statement/prospectus to CMI's shareholders containing information about the
merger. Investors and security holders are urged to read the registration
statement and the proxy statement/prospectus carefully when they are available.

         The registration statement and the proxy statement/prospectus
contain important information about Terex, CMI, the merger, and related matters.
Investors and security holders will be able to obtain free copies of these
documents, when available, through the web site maintained by the SEC at In addition to the registration statement and the proxy
statement/prospectus, Terex and CMI file annual, quarterly, and special reports,
proxy statements, and other information with the SEC. You may read and copy any
reports, statements, and other information filed by Terex and CMI at the SEC
public reference rooms at 450 Fifth Street, NW, Washington, D.C. 20549 or at the
SEC's other public reference rooms in New York, New York and Chicago, Illinois.
Please call the SEC at 800-SEC-0330 for further information on public reference
rooms. Terex's and CMI's filings with the SEC are also available to the public
from commercial document-retrieval services and the web site maintained by the
SEC at

        Information regarding the identity of the persons who may, under SEC
rules, be deemed to be participants in the  solicitation of shareholders of CMI
in connection with the merger, and their interests in the solicitation, are set
forth in the proxy statement/prospectus.

Safe Harbor Statement

         The above contains forward-looking information based on Terex's current
expectations. Because forward-looking statements involve risks and
uncertainties, actual results could differ materially. Such risks and
uncertainties, many of which are beyond Terex's control, include, among others,
the sensitivity of construction and mining activity to interest rates,
government spending, downward economic cycles and general economic conditions;
the success of the integration of acquired businesses; the retention of key
management; foreign currency fluctuations; pricing, product initiatives, and
other actions taken by competitors; the ability of suppliers to timely provide
parts and components on a cost competitive basis, and the ability of Terex to
timely manufacture and deliver cost competitive products to customers; the
effect of changes in laws and regulations, including environmental laws and
regulations; the continuing use of net operating loss carryovers; the effect of
debt and restrictive covenants; and other factors, risks and uncertainties more
specifically set forth in Terex's public filings with the SEC. The
forward-looking statements herein speak only as of the date of this release.
Terex expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statement included in this release
to reflect any changes in Terex's expectations with regard thereto or any
changes in events, conditions, or circumstances on which any such statement is
                                Terex Corporation
           500 Post Road East, Suite 320, Westport, Connecticut 06880
          Telephone: (203) 222-7170, Fax: (203) 222-7976,