


                          SCHEDULE 14A INFORMATION


Filed by the Registrant [X]

Filed by a Party other than the Registrant [ ]

Check the appropriate box:
[ ]  Preliminary Proxy Statement
[ ]  Confidential, for Use of the Commission Only (as permitted by
      Rule 14a-6(e)(2))
[ ]  Definitive Proxy Statement
[ ]  Definitive Additional Materials
[X]  Soliciting Material Pursuant to ss. 240.14a-11(c) or ss. 240.14a-12

                              CMI Corporation
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              (Name of Registrant as Specified In Its Charter)


  (Name of Person(s) Filing Proxy Statement if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):
[X]  No fee required
[ ]  Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.

     1) Title of each class of securities to which transaction applies:

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     2) Aggregate number of securities to which transaction applies:

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     3) Per unit price or other  underlying  value of transaction  computed
        pursuant to Exchange Act Rule 0-11:

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     4) Proposed maximum aggregate value of transaction:

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     5) Total fee paid:
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[ ]  Fee paid previously with preliminary materials.

[ ]  Check box if any part of the fee is offset as  provided  by Exchange
     Act Rule  0-11(a)(2)  and identify the filing for which the offsetting
     fee was paid previously.  Identify the previous filing by registration
     statement number, or the Form or Schedule and the date of its filing.

     1) Amount Previously Paid:
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     2) Form, Schedule or Registration Statement No.:

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     3) Filing Party:

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     4) Date Filed:

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                    INFORMATION CONCERNING PARTICIPANTS

     CMI  Corporation  ("CMI") and certain other persons named below may be
deemed  participants  in the  solicitation  of  proxies  in  respect of the
proposed  merger (the  "Merger")  of Claudius  Acquisition  Corp.  ("Merger
Sub"), a wholly-owned  subsidiary of Terex Corporation ("Terex"),  with and
into CMI,  pursuant to the Agreement  and Plan of Merger,  dated as of June
27, 2001, by and among Terex,  CMI and Merger Sub. The participants in this
solicitation  may include the  directors of CMI:  Bill Swisher  (Chairman),
Larry D.  Hartzog,  Thomas P.  Stafford,  Joseph J.  Finn-Egan,  Jeffrey A.
Lipkin, J. Larry Nichols, Kenneth J. Barker and Ronald Kahn; as well as the
executive officers of CMI: Bill Swisher (Chief Executive Officer),  Carl E.
Hatton (Chief Operating Officer),  Jim D. Holland (Chief Financial Officer)
and Thane A. Swisher (Vice President and Secretary). As of the date of this
communication,   other  than  Messrs.   Finn-Egan  and  Lipkin,   who  each
beneficially owns approximately  32.8% of CMI's common stock, Bill Swisher,
who beneficially owns  approximately  9.5% of CMI's common stock, and Thane
Swisher,  who beneficially owns  approximately  1.7% of CMI's common stock,
none of the foregoing participants beneficially owns individually in excess
of 1% of CMI's common stock. Additional information about the directors and
executive officers of CMI is included in CMI's Proxy Statement for its 2001
Annual  Meeting  of  Shareholders  filed  with the SEC on April  30,  2001.
Information  will also be  included in a proxy  statement/prospectus  to be
filed by CMI with the SEC in connection with the proposed merger. Investors
will be able to obtain these  documents free of charge at the SEC's website
(www.sec.gov),  or by contacting CMI Corporation,  P. O. Box 1985, Oklahoma
City, OK 73101, Attention: Jim D. Holland, telephone: (405) 787-6020.

     INVESTORS SHOULD READ THE PROXY STATEMENT/PROSPECTUS CAREFULLY WHEN IT
BECOMES AVAILABLE BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS.


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     THE FOLLOWING IS A PRESS RELEASE ISSUED BY TEREX ON JUNE 28, 2001.

  For information, contact: Jack Lascar, Vice President at (203) 222-5943

                TEREX CORPORATION TO ACQUIRE CMI CORPORATION

     WESTPORT, CT, June 28, 2001 - Terex Corporation (NYSE: TEX) announced
today that it has signed a definitive merger agreement with CMI Corporation
(NYSE: CMI). The merger agreement provides for an exchange of all the
outstanding shares of CMI, at an exchange rate of 0.16 share of Terex
common stock for each share of CMI common stock, subject to a downward
adjustment in the event the consolidated net debt of CMI exceeds $75.25
million at closing. As a result of this transaction, Terex is expected to
issue a maximum of approximately 3.5 million shares of its common stock to
CMI shareholders. The transaction, which is subject to customary closing
conditions including CMI shareholder and regulatory approval, is expected
to close during the third quarter of 2001.

     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. CMI has a strong competitive position
with over 70 percent of its revenues derived from products that have either
the number one or number two market share positions in their markets. The
great majority of CMI products are marketed to customers engaged in road
and bridge building and infrastructure development markets Terex already
serves. In addition, CMI is the leading domestic manufacturer of
lightweight concrete paving and maintenance equipment.

     "The acquisition of CMI is an excellent fit with our strategy of
continuing to build the quality of the Terex franchise and to diversify the
product range available to our customer base," said Ronald M. DeFeo,
Chairman and Chief Executive Officer. "CMI is a strong operational fit for
our growing infrastructure business. The combination of Cedarapids and
CMI's hot mix asphalt businesses will create a very strong number two
player in this industry. CMI also has a recycling grinder and compactor
business, a perfect fit with Terex Recycling's trommel screening products.
CMI would also put us into two new product categories: road profiling and
reclaiming equipment and concrete paving and plants, which combined with
Cedarapids pavers should give us the broadest roadbuilding product offering
in the U.S."

     Ron DeFeo added, "Following on the 1999 acquisitions of Powerscreen
and Cedarapids, CMI provides Terex with leading positions in several
growing markets, including the construction and maintenance of highways and
bridges, road infrastructure development and airport runway expansion. This
transaction is expected to be slightly dilutive for the remainder of this
year and to be accretive to Terex's earnings in 2002, given the current
performance and expected margin improvement opportunities at CMI. With
revenues in excess of $225 million, we expect substantial operational and
distribution synergies with the resulting improvements in CMI's cost
structure as we initially improve operations at CMI and then integrate it
with Terex and its North American infrastructure business."

     Ron DeFeo continued, "While the near-term revenue performance for most
construction-related equipment is challenging, improved fiscal conditions
at all levels of government and mandated increases in federal road and
infrastructure spending over the next several years should allow for
continued growth in demand for road-building and infrastructure equipment."

     Fil Filipov, Terex Executive Vice President, will assume full
responsibility for CMI as President. This is the first acquisition under
the new Terex organization structure, which will initially place separate
operational focus on the business prior to full integration with the
balance of the operations. This will allow Terex to both capture and
maintain the unique cultural and operational advantages of CMI while
simultaneously allowing the Terex business model and philosophy to be
introduced and implemented. Commented Fil Filipov, "CMI has excellent
long-term customer relationships that stem from its outstanding sales and
service support. CMI also has a tradition of product innovation and has
also recently introduced lean manufacturing in their operations. Terex has
the ability to build on this strong foundation while improving the
operating efficiency of the overall enterprise."

ADDITIONAL INFORMATION AND WHERE TO FIND IT

     Terex intends to file a registration statement with the SEC on Form
S-4 in connection with the merger and Terex and CMI expect to mail 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 will
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 http://www.sec.gov. 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
http://www.sec.gov.

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 based.

     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
www.terex.com

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                             Terex Corporation
         500 Post Road East, Suite 320, Westport, Connecticut 06880
       Telephone: (203) 222-7170, Fax: (203) 222-7976, www.terex.com

