Dana Corporation to Supply Spicer(R) Driveshafts for Hino Trucks
Nov 20, 2003
TOLEDO, Ohio, Nov. 20 /PRNewswire-FirstCall/-- Dana Corporation (NYSE: DCN) announced today that it has been selected by Hino Motors, Ltd., to provide Spicer(R) driveshaft assemblies for 2005 model year Hino North American Class 4 through 7 vehicles. Hino's all-new 2005 model year conventional-style trucks will be available at Hino's North American dealers beginning in January 2004. (Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) "We are very pleased to be supplying our driveshaft technologies to Hino," said Nick Cole, president of Dana's Heavy Vehicle Technologies and Systems Group. "Dana is proud to be a part of these exciting vehicle programs with this global commercial-vehicle manufacturer. We look forward to this new business opportunity and to further developing our relationship with Hino." Dana will supply Spicer Life Series(R) 70, 100, and 140 driveshafts for the 2005 Hino platform. The driveshafts will be assembled in Dana's Renton, Wash., Customer Focus Center. Hino Motor Sales U.S.A., Inc., is the U.S. distribution company for Hino Motors Ltd. of Tokyo, Japan, which is a subsidiary of Toyota Motor Corporation. Based in Orangeburg, N.Y., the company sells and services Class 4, 5, 6, and 7 trucks. Dana's Commercial Vehicle Systems unit designs, manufactures, and markets front-steer, rear-drive, trailer, and auxiliary axles; driveshafts; steering shafts; brakes; suspensions; and related systems, modules, and services for the commercial vehicle market. Major components and modules are marketed under the Spicer(R) brand name. Dana's strategic marketing alliance with Eaton Corporation's Truck Components group provides innovative drivetrain systems under the Roadranger(R) brand name. Dana Corporation is a global leader in the design, engineering, and manufacture of value-added products and systems for automotive, commercial, and off-highway vehicle manufacturers and their related aftermarkets. The company employs approximately 60,000 people worldwide. Founded in 1904 and based in Toledo, Ohio, Dana operates hundreds of technology, manufacturing, and customer service facilities in 30 countries. The company reported 2002 sales of $9.5 billion. Dana's Internet address is http://www.dana.com .
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