Dana Corporation Celebrates Its Founding on April 1, 1904

    TOLEDO, Ohio, April 1 /PRNewswire-FirstCall/ -- Dana Corporation
(NYSE: DCN) today celebrates its founding on April 1, 1904. On that day, an
engineer named Clarence Spicer began producing his encased universal joint,
which effectively replaced the sprocket-and-chain power transmission of the
day.
    (Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    Spicer's product was protected by two patents he earned while studying
engineering at Cornell University. When his patents were published in the
early automotive and patent journals, motor vehicle manufacturers quickly
demanded the product. Attorney and financier Charles Dana became involved in
1914 and expanded u-joint production and added axles, frames, transmissions,
and engine products to the company's product offering.
    The risks Spicer and Dana took led to the Dana Corporation, which today
ranks as one of the world's largest suppliers of products and systems for the
vehicular industry.
    For the first time since Clarence Spicer, the Dana Corporation is again
led by an engineer, Mike Burns. "Clarence Spicer engrossed himself in a vexing
problem for the early auto makers -- transmitting power to the wheels -- and
developed a unique solution," said Burns, Dana's CEO and president. "Solving
customers' problems with new technologies remains a key to Dana's success more
than a century later."
    Dana Corporation is a global leader in the design, engineering, and
manufacture of value-added products and systems for automotive, commercial,
and off-highway vehicles.  Delivering on a century of innovation, the
company's continuing operations employ approximately 45,000 people worldwide
dedicated to advancing the science of mobility.  Founded in 1904 and based in
Toledo, Ohio, Dana operates technology, manufacturing, and customer-service
facilities in 30 countries.  Sales from continuing operations totaled
$7.9 billion in 2003.  Dana's Internet address is www.dana.com .

SOURCE  Dana Corporation

Web site:  http: //www.dana.com

Company News On-Call:  http: //www.prnewswire.com/comp/226839.html

CONTACT: Gary Corrigan of Dana, +1-419-535-4813, or gary.corrigan@dana.com

Photo: http: //www.newscom.com/cgi-bin/prnh/19990903/DANA AP Archive:
http://photoarchive.ap.org PRN Photo Desk, photodesk@prnewswire.com

CAPTION: DANA    DANA CORPORATION LOGO    Dana Corporation logo.
(PRNewsFoto)[AS]    TOLEDO, OH USA    12/04/2003