Dana Corporation Chairman Encourages Collaboration in 2005 Automotive News World Congress Keynote Address
Jan 18, 2005
TOLEDO, Ohio, Jan. 18 /PRNewswire-FirstCall/ -- Michael J. Burns, Chairman
and CEO of Dana Corporation (NYSE: DCN), yesterday encouraged automotive
suppliers and manufacturers to increase collaboration as a means of helping
the industry realize its full potential. Mr. Burns made the remarks Monday
evening during a kickoff address to global automotive industry leaders
gathered for the 29th annual Automotive News World Congress in Dearborn, Mich.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
"Having resided on both sides of the customer-supplier relationship, I am
convinced that a collaborative future is the only way we will ever realize our
mutual potential," Mr. Burns said during the address.
"This is arguably the most significant industry in the world," he added.
"But this status does not afford us the luxury of simply plodding ahead and
doing things 'the way we've always done it.' The challenges we face today
mean we must drive harder, be more efficient, more capable, and add more
value. But even more fundamental is the need to work together."
Mr. Burns added, "The operative question is, 'Are we better off working
individually - essentially representing our own interests - or working
together on important issues and benefiting from the strength of the world's
most significant industry?' I believe the answer is clear. We must work
together."
Mr. Burns' remarks were delivered at the Hyatt Regency Dearborn, site of
this year's Automotive News World Congress. Mr. Burns and Chrysler Group
President and CEO Dieter Zetsche served as co-keynote speakers at the
conference.
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
employs 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.
SOURCE Dana Corporation
Web Site: http://www.dana.com
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