Bendix-Dana Joint Venture Completes Management Team Selection

Elyria, Ohio -- Aug 11, 2004 -- Completing its leadership team selection, Bendix Spicer Foundation Brake LLC, a new joint venture between Bendix Commercial Vehicle Systems LLC and Dana Corporation (NYSE: DCN), today announced the appointment of Bill Mossing as assistant general manager.  Mossing will join Kishor Pendse, president of the new business.

Bendix Spicer Foundation Brake integrates the braking systems expertise from Bendix and the Knorr-Bremse Group with the axle and brake integration capability of Dana, making available a comprehensive range of wheel-end brake products, including S-Cam, air disc brakes, slack adjusters and actuators, as well as a full array of related aftermarket parts for medium- and heavy-duty commercial vehicles.

Bill Mossing, who will begin his post on September 1, most recently served as director of operations for the Dana’s Commercial Vehicle Systems division.  As a part of the joint venture leadership team, he will be responsible for the operational performance of the joint venture, including quality, supply chain and advanced manufacturing engineering.  He will also lead the integration efforts as the two parent organizations bring the new operation to market.

“Bill’s diverse background and ability to think strategically make him well prepared for this challenging role,” said Frank Sheehan, vice president – sales, marketing and product planning for Dana’s Commercial Vehicle Systems division, and joint venture management committee member.  “Together with Kishor Pendse and the Bendix Spicer Foundation Brake leadership team, he will help our operation advance to new levels of performance, achievement and innovation.”

Mossing joined Dana Corporation in 1989 as a systems engineer and has advanced throughout the organization, holding a variety of engineering, large-scale project management, operations and IT leadership positions.  He also served as plant manager at Dana’s Humboldt, TN axle facility from August 2001 to April, 2004. Mossing holds a master’s degree in business administration from Bowling Green State University and a bachelor’s degree in engineering from the University of Toledo.

Kishor Pendse, who assumed the role of joint venture president on July 1, 2004, most recently served as vice president and general manager of the Bendix wheel-end business team, a position he was appointed to in January 2004. He joined Bendix in September 2003 as vice president and general manager of charging systems.

Prior to Bendix, Pendse spent 20 years in various leadership positions within TRW’s automotive business, including president of a steering gear manufacturing joint venture and other executive-level positions in technology, market planning and customer development.

Pendse, a member of the Society of Automotive Engineers and Mensa, holds a master’s degree in business administration from Carnegie Mellon University in Pittsburgh and a bachelor’s degree in mechanical engineering from the Indian Institute of Technology in New Delhi, India.

About Bendix Spicer Foundation Brake LLC

            Bendix Spicer Foundation Brake LLC integrates the braking systems expertise from Bendix Commercial Vehicle Systems and the Knorr-Bremse Group with the axle and brake integration capability of Dana Corporation, resulting in a powerful, long-term joint venture partnership between the organizations. Bendix Spicer Foundation Brake, formed in 2004, combines and expands the complementing technologies of both companies, making available a comprehensive range of wheel-end brake products. Bendix Spicer Foundation Brake is headquartered in Elyria, Ohio, with engineering operations in both Elyria and Kalamazoo, Mich. For more information, call 1-866-610-9709.

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