Dana Corporation's Spicer(R) LMS(TM) Hub Systems Now Standard at Peterbilt and Kenworth
May 20, 2003
TOLEDO, Ohio, May 20 /PRNewswire-FirstCall/ -- Dana Corporation (NYSE: DCN) announced today that Peterbilt Motors Company and Kenworth Truck Company, subsidiaries of PACCAR Inc, have elected to offer Dana Spicer(R) LMS(TM) Hub Systems as standard equipment on both drive and steer axles for their North American Class 8 commercial vehicles. "We are very excited by this opportunity to expand upon our standard offering at Peterbilt and Kenworth," said Joe Magliochetti, Dana chairman and CEO. "Dana has long been a proud partner with both Peterbilt and Kenworth in the North American commercial-vehicle market, and we appreciate their continued support of our axle, brake, driveshaft, and wheel-end technologies." Nick Cole, president of Dana's Heavy Vehicle Technologies and Systems Group, said, "The Dana Spicer LMS Hub has a proven record of low maintenance, long life, and ease of serviceability. This is further evidence of Dana's commitment to creating solutions that meet the needs of our customers." Dana Spicer LMS Hub systems were previously standard on steer axles for Peterbilt and Kenworth trucks, and now the product is standard on drive axles, as well. Spicer LMS Hub systems will be assembled for Peterbilt's facilities in Denton, Texas; Madison, Tenn.; and Ste. Therese, Quebec; and Kenworth's facilities in Renton, Wash.; Chillicothe, Ohio; and Ste. Therese, Quebec. 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 more than 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.
SOURCE Dana Corporation
Web Site: http://www.dana.com
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