Dana Corporation Reaches Partnership Agreement With UAW

    Pact Represents Cooperative Approach to Maximizing Dana's Competitive
                                  Capability

    TOLEDO, Ohio, Aug. 13 /PRNewswire-FirstCall/ -- Dana Corporation
(NYSE: DCN) today announced that it has entered into a partnership agreement
with the International Union, United Automobile, Aerospace and Agricultural
Implement Workers of America (UAW).  The agreement is expected to benefit both
Dana and the UAW by contributing to business growth, improved productivity,
enhanced operational cost-efficiency, and continued workforce opportunities
and options.  Terms of the agreement were not disclosed by agreement of the
parties.
    (Logo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    "Both Dana and the UAW recognize that dramatic changes in the domestic
automotive market have created new competitive challenges for automotive
component suppliers," said Nick Cole, the company's senior executive with
responsibility for labor relations, and President of Dana's Heavy Vehicle
Technologies and Systems Group.
    The partnership agreement establishes collective bargaining and
representation principles for Dana's U.S. automotive assembly and
manufacturing facilities serving DaimlerChrysler AG, Ford Motor Company, and
General Motors Corporation.  The agreement also establishes a cooperative
approach with the goal of ensuring that labor agreements negotiated by the
parties are competitive for Dana and its people.
    "This agreement is a result of lengthy discussions with the UAW, during
which both parties acknowledged the positive impact our relationship can have
in maximizing Dana's competitive capabilities to successfully address
marketplace challenges," Mr. Cole said.  "Specifically, we are focused on
achieving greater productivity, improved quality, and enhanced collaboration
and coordination on the behalf of Dana's customers.
    "Historically, Dana has enjoyed very good relations with the UAW at the
Dana facilities in which it represents our workers," he added.  "This new
partnership agreement reinforces our relationship and supports the freedom our
people have always enjoyed to choose whether or not they wish to be
represented by a union."
    Mr. Cole said the partnership agreement is one of several recent
developments that position Dana well for the future.  "Dana has substantially
completed the largest restructuring program in our company's 99-year history,
and we've achieved critical momentum in transforming our businesses," he said.
"We believe this partnership agreement will further strengthen our competitive
position by creating growth opportunities for our company and our people,
which will enhance Dana's shareholder value."
    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.

    Certain statements contained in this release constitute "forward-looking"
statements within the meaning of the Private Securities Litigation Reform Act
of 1995.  These statements represent Dana's expectations based on our current
information and assumptions.  Forward-looking statements are inherently
subject to risks and uncertainties.  Dana's actual results could differ
materially from those which are anticipated or projected due to a number of
factors.  These factors include national and international economic
conditions; adverse effects from terrorism or hostilities; the strength of
other currencies relative to the U.S. dollar; the cyclical nature of the
global vehicular industry; the performance of the global aftermarket sector;
changes in business relationships with our major customers and in the timing,
size and continuation of their and our programs; the ability of our customers
and suppliers to achieve their projected sales and production levels;
competitive pressures on our sales and pricing; increases in production or
material costs that cannot be recouped in product pricing; the impact of our
partnership agreement with the UAW on our business growth, productivity,
quality and costs; the continued success of our cost reduction and cash
management programs and of our long-term transformation strategy for the
company; and other factors set out in our public filings with the Securities
and Exchange Commission.  Dana does not undertake to update any forward-
looking statements contained in this release.

SOURCE Dana Corporation

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

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