President Clinton Presents 1996 Malcolm Baldrige Award To Dana Corporation Leaders
Dec 6, 1996
WASHINGTON, Dec. 6 /PRNewswire/ -- President William J. Clinton today presented the 1996 Malcolm Baldrige National Quality Award to Dana Corporation Chairman Southwood J. Morcott and Dana Credit Corporation President Edward J. Shultz in a ceremony in Washington, D.C. Dana Commercial Credit, the leasing operation of Toledo, Ohio-based Dana Corporation, was named one of just four recipients of this year's Baldrige Award on October 16. Dana is only the fifth company honored in the award's service category since the establishment of the award in 1987. "When the subject is quality, there is no greater honor than the Malcolm Baldrige Award," Morcott said. "And there is certainly no greater distinction than to represent the 45,000 people of Dana Corporation in accepting this award from the President of the United States." Leasing is one of eight Dana core businesses. Others include axles, driveshafts, structural components, sealing products, filtration products, industrial products and engine products. The Baldrige Award reflects Dana's dedication to quality in all its operations. Since 1992, Dana has used its own Quality Leadership Awards, based on Baldrige criteria, to evaluate and improve the performance of Dana divisions in key quality categories. Another notable award recently earned by Dana's credit operation was the 1995 Michigan Quality Leadership Award, a state-level award based on the Baldrige criteria. To date, 12 other Dana Corporation operations have also earned state-level quality awards. Dana Commercial Credit is a diversified leasing company with offices throughout North America and Europe. Dana Corporation is a global leader in the engineering, manufacturing and distribution of products and systems for the vehicular, industrial and mobile off-highway markets. Founded in 1904 and based in Toledo, Ohio, Dana operates facilities in 29 countries with 45,000 people. Its 1995 sales were $7.6 billion. Named in 1995 by Financial World magazine as one of the "Best 100 Growth Companies," Dana is noted for its style of management and its commitment to innovation. It has 38 product research and development centers worldwide. 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