Dana to Produce Axle Components at Arkansas Facility

    TOLEDO, Ohio, July 16, /PRNewswire/ -- Dana Corporation (NYSE: DCN)
announced today that it will begin manufacturing light axle components at its
Jonesboro, Ark., facility later this year.
    The move will be made in connection with Dana's sale of its transmission
business to a unit of its affiliate, Spicer, S.A. de C.V.  Dana's Spicer(R)
transmissions are currently manufactured at the Jonesboro plant.  The
Jonesboro facility will begin producing axle components during a transition
period while the transmission production is transferred to Spicer, S.A.
    The largest of Dana's core businesses, axles will account for more than $3
billion of the company's 1997 worldwide sales.  Other core businesses include
driveshafts, structural components, sealing products, filtration products,
engine products, industrial products, and leasing services.
    "Dana people at Jonesboro have demonstrated their commitment to continuous
improvement in training, quality, and productivity and have shown a
willingness to meet all outside challenges while striving to achieve
excellence," said Bill Hoffmann, vice president and general manager of Dana's
Spicer Axle Division.  "Our continued sales growth and the growing demand for
our axle products, coupled with the facility's size and location, made it an
easy decision to convert the Jonesboro operation."
    Hoffmann said he anticipates the change will result in additional jobs at
that plant after the relocation of the transmission assets.
    Dana Chairman Southwood J. Morcott said, "The conversion of Jonesboro to
an axle facility should provide new growth opportunities for the people in
Jonesboro.  I am proud that Dana's track record is one of long-term job growth
in the U.S."
    Dana Corporation is a global leader in the engineering, manufacture, and
distribution of products and systems for the vehicular, industrial, and off-
highway markets.  Its leasing operation was a recipient of the 1996 Malcolm
Baldrige National Quality Award.  Founded in 1904 and based in Toledo, Ohio,
Dana operates facilities in 30 countries with more than 48,000 people.  Its
1996 sales were $7.7 billion.  The Internet address for Dana's web site is
www.dana.com.

SOURCE  Dana Corporation

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