Dana Corporation To Supply Spicer(R) Driveshafts To Volvo, Renault In Europe

    TOLEDO, Ohio, Oct. 9 /PRNewswire-FirstCall/ -- Dana Corporation
(NYSE: DCN) announced today that it has been selected by Volvo Powertrain to
supply Spicer(R) driveshaft assemblies for Volvo Trucks, Renault Trucks, Volvo
Bus Corporation, and Volvo Construction Equipment products in the European
market.
    (Logo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    The five-year supply agreement, which runs through 2007, provides that
Dana will supply Spicer Compact 2000, Spicer PEP, Spicer SPL, and Spicer
Italcardano wing-style driveshafts.
    Nick Cole, president of Dana's Heavy Vehicle Technologies and Systems
Group, said, "Dana has long been a proud supplier to Volvo and Renault, and we
are very pleased to build upon this valued relationship.  Strong customer
focus in both business philosophy and processes is a key tenet of our
driveshaft group, and we are pleased to continue delivering this outstanding
level of product quality and professional service to Volvo Powertrain."
    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.
    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 sales
of $9.5 billion in 2002.

SOURCE Dana Corporation

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

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