Dana Corporation Reaches 61 Years of Consecutive Dividends Following Record Sales and Profits in 1996

    TOLEDO, Ohio, Feb. 10 /PRNewswire/ -- Dana Corporation's (NYSE: DCN) Board
of Directors today approved a quarterly dividend of $0.25 per share, marking
61 years of dividends without a reduction or missed payment.  The dividend is
payable March 14 to shareholders of record February 28.
    Dana expanded its core businesses in 1996, adding more than a dozen
operations around the globe.  As reported in January, sales were a record
$7.7 billion, and profits were $306 million, exceeding $300 million for the
first time in the company's history.  Earnings per share were $3.01, another
all-time high.
    Dana designated two new core businesses in 1996:  engine products and
industrial products, bringing the total to eight.  Other core businesses
include axles, driveshafts, structural components, sealing products,
filtration products and leasing.
    Dana Corporation is a global leader in the engineering, manufacture, and
distribution of products and systems for the vehicular, industrial and off-
highway markets.  Founded in 1904 and based in Toledo, Ohio, Dana operates
facilities in 29 countries with more than 46,000 people.  It has 40 product
research and development centers worldwide.  Dana also owns Dana Credit
Corporation, whose Commercial Credit lease financing operation was a recipient
of the 1996 Malcolm Baldrige National Quality Award.  The internet address for
Dana's home page is:  http://www.dana.com.

SOURCE  Dana Corporation

CONTACT: Gary Corrigan, Director-Corporate Communications, of Dana
Corporation, 419-535-4813