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Dana Corporation’s Spicer® Driveshafts Available on Freightliner LLC Vehicles
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TOLEDO, Ohio, July 26, 2007 – Dana Corporation announced today that its Spicer® driveshaft assemblies are now available on Freightliner LLC’s North American commercial vehicles.
Spicer Life Series® and Spicer® 10 SeriesTM medium- and heavy-duty driveshafts are available as standard equipment at Western Star Trucks, Freightliner Custom Chassis, and Thomas Built Buses, and are offered as a published option on Freightliner and Sterling branded medium- and heavy-duty trucks.
“We are very excited by this opportunity to expand our relationship with Freightliner and its respected vehicle brands,” said Margot Hoffman, president of Dana’s Torque Products group. “Spicer Life® driveshafts provide industry-leading performance, longer life, and lower operating costs. We are pleased to bring this technology and quality to Freightliner and its customers.”
Spicer driveshafts are available as a published option in Freightliner and Sterling April 2007 data books and are standard in the April 2007 Western Star data book. Spicer 10 Series and Spicer Life Series driveshafts will be assembled in Dana’s North American driveshaft plants for Freightliner LLC’s facilities in Portland, Ore.; Cleveland, High Point, and Mount Holly, N.C.; Gaffney, S.C.; St. Thomas, Ontario; and Santiago, Mexico.
About Dana Corporation
Dana is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. The company’s customer base includes virtually every major vehicle and engine manufacturer in the global automotive, commercial vehicle, and off-highway markets, which collectively produce more than 65 million vehicles annually. Based in Toledo, Ohio, the company’s continuing operations employed approximately 35,000 people in 28 countries and reported 2006 sales of $8.5 billion, with more than half of this revenue derived from outside the United States. For more information, please visit www.dana.com.
Dana and certain of its U.S. subsidiaries are operating under Chapter 11 of the U.S. Bankruptcy Code as debtors in possession. Information about the bankruptcy proceedings can be found at: http://www.dana.com/reorganization. While Dana continues its reorganization under Chapter 11, investments in its securities are highly speculative. Although shares of Dana common stock continue to trade on the OTC Bulletin Board (OTCBB) under the symbol "DCNAQ," the trading prices of the shares may have little or no relationship to the actual recovery, if any, by the holders under any eventual court-approved reorganization plan. The opportunity for any recovery by holders of Dana common stock under such reorganization plan is uncertain and shares of Dana common stock may be cancelled without any compensation pursuant to such plan.
Contact: Emily Ewing
emily.ewing@dana.com
