Dana Corporation To Supply Fuel-Line Sub-System For New PSA Peugeot Citroen Diesel Engine
Sep 10, 2003
FRANKFURT, Germany, Sept. 10 /PRNewswire/ -- Dana Corporation (NYSE: DCN) announced today that it has begun the supply of entire fuel-line sub-systems for PSA Peugeot Citroen's new 1.4-liter DV4 and 1.6-liter DV6 diesel engines. Dana expects more than $140 million dollars (euro 130 million) in revenue over the life of the supply program, based on production estimates. (Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) The DV series is a new second-generation, high-pressure diesel, common- rail engine program. "The development of a complete fuel line sub-system is a new avenue for Dana," said Dana Chairman and CEO Joe Magliochetti. "We are excited to provide a complete fluid-management solution to PSA Peugeot Citroen, while continuing to strengthen and grow our presence in the European automotive market." The Dana-designed sub-system includes feed and return lines with quick connectors, a temperature sensor, pressure regulator valve, and priming pump. As part of the sub-system, Dana developed a new primer pump specifically for the new DV engine series. This new primer pump can handle diesel fuel at 230 degrees Fahrenheit (110 degrees Celsius) and is created by a unique multilayer, variable-speed, corrugated-extrusion process. Mike Laisure, president of Dana's Engine and Fluid Management Group, commented, "This is an example of how we are leveraging our existing process technology and continually finding new applications. Dana's ability to adapt its corrugated variable speed extrusion technology to design a fuel-line system specifically for the DV4 and DV6 engines was a key factor securing this project." The DV4 diesel engine already has been installed on several Peugeot, Citroen, and Ford vehicles. 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
Company News On Call: Company News On-Call:
Photo Notes: http://www.newscom.com/cgi-bin/prnh/19990903/DANA AP
Archive: http://photoarchive.ap.org PRN Photo Desk, 888-776-6555