Dana Corporation Inaugurates European Technology Centre

Hannover, Germany -- Sep 21, 2004 -- Dana Corporation’s (NYSE: DCN) Commercial Vehicle Systems-Europe group is fully utilizing its state-of-the-art Technology Centre in Pamplona, Spain, to accelerate the design, prototype, and production cycle for Dana Spicer® axles to more quickly meet the demands of European OEMs. The Technology Centre, officially inaugurated earlier this year, is equipped to perform static and dynamic testing for commercial vehicle axles, including vertical load, brake stop, end load, torsional fatigue, and dynamometric testing.

Through its affiliation with the Public University of Navarra and the Technological Park of Navarra, the Centre also supports the local automotive industry and the increasing demand for new design and technology.

“The European Technology Centre plays a key role in enabling Dana to provide value-added solutions to our customers – all over the world. We are dedicated to providing technologically advanced, high-quality steer, drive, and trailer axles and brakes that meet the needs of today’s European OEMs,” said Josetxo Zugaldia, managing director, Dana Commercial Vehicle Systems-Europe.

“This Centre is another example of Dana’s commitment to new technology and product development, as well as a statement of our confidence in the growth opportunities within the European heavy truck market,” he added.  Dana currently has 17 advanced technology centres located throughout Europe.

Dana Commercial Vehicle Systems, part of the Heavy Vehicle Technologies and Systems Group, designs, manufactures, and markets front-steer, rear-drive, trailer, and auxiliary axles; driveshafts; steering shafts; brakes; suspensions; and related systems, modules, and services for the commercial vehicle market.  Major components and modules are marketed under the Spicer® brand name.

DANA CORPORATION INAUGURATES EUROPEAN TECHNOLOGY CENTRE

Dana Corporation is a global leader in the design, engineering, and manufacture of value-added products and systems for automotive, commercial, and off-highway vehicle manufacturers and their related aftermarkets. The company’s continuing operations employ approximately 45,000 people worldwide and reported sales of $7.9 billion in 2003. Founded in 1904 and based in Toledo, Ohio, Dana operates hundreds of technology, manufacturing, and customer service facilities in 30 countries.  Dana’s Internet address is www.dana.com.