Dana Corporation Plans to Sell Notes

Dec 7, 2004

    TOLEDO, Ohio, Dec. 7 /PRNewswire-FirstCall/ -- Dana Corporation
(NYSE: DCN) announced today that it plans to make a private placement of
$450 million in principal amount of notes.  The company expects to commence
the offering shortly.  Dana expects to use the net proceeds from the offering
of the notes, together with proceeds from the sale of its automotive
aftermarket businesses, to make approximately $200 million of pension fund
contributions and to purchase its outstanding indebtedness in a tender offer
currently in progress.  Any remaining proceeds will be used for general
corporate purposes.  The notes will be general, unsecured obligations of the
company.  The notes will not be registered under the Securities Act of 1933
and may not be offered or sold absent registration or an applicable exemption
from registration requirements.
    (Logo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )

SOURCE Dana Corporation

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

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