Dana To Consolidate Gresen Manufacturing Operations

    TOLEDO, Ohio, Jan. 12 /PRNewswire/ -- As part of its continuing efforts to
improve efficiency and reduce costs, Dana Corporation (NYSE: DCN) today
announced that the Gresen Hydraulics Division will consolidate its Greenville,
S.C., pump facility with its Sarasota, Fla., location.
    In making the announcement, Ray Frederick, vice president and general
manager of the Gresen Hydraulics Division, said, "The decision to close the
Greenville facility was very difficult.  However, it is necessary to support
our integration of the pump and valve products for better asset utilization,
cost control, and customer service."
    The Greenville plant manufactures hydraulic pumps and motors primarily for
the construction equipment, refuse and dump truck, and off-highway markets.
    The Sarasota location currently supplies pump components to Greenville,
along with a variety of accessory valves and cartridges for use in the fluid
power industry.  It is an ISO 9001-certified facility with a proven record of
quality and performance.
    The consolidation is expected to be complete in late 1998.  The Gresen
Hydraulics Division Office is expected to remain in the Greenville area.
"Throughout the transition period, the Gresen Hydraulics Division remains
committed to serving its customers with high quality products and services,"
Frederick said.
    An after-tax charge of $2 million (two cents per share) associated with
the consolidation was recognized during the fourth quarter of 1997.
    Dana Corporation is a global leader in the engineering, manufacture, and
distribution of products and systems for the automotive, heavy truck, off-
highway, engine, and industrial markets.  It also operates a leasing services
business, Dana Commercial Credit.  Founded in 1904 and based in Toledo, Ohio,
Dana employs more than 50,000 people in 30 countries and reported sales of
$7.7 billion in 1996.  The Internet address for Dana's home page is
www.dana.com.

SOURCE  Dana Corporation

CONTACT: Gary Corrigan of Dana, 419-535-4813