Dana Corporation Receives Industry Honors for Axle Technology

    TOLEDO, Ohio, May 14 /PRNewswire-FirstCall/ -- Dana Corporation
(NYSE: DCN) announced today that its new Spicer(R) E-1462I steer axle has been
recognized as one of the best product introductions of the past year by Heavy
Duty Trucking and Truck Sales & Leasing magazines.
    (Logo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    Heavy Duty Trucking honored Dana with its Nifty Fifty Award, and Truck
Sales & Leasing honored Dana with its Terrific Twelve award.  These rankings
annually showcase the editors' picks of the best new product introductions.
    The E-1462I steer axle was chosen from among hundreds of new product
introductions to receive these two respected awards, based on its usefulness
to the fleet and truck operator through advances in product innovation,
serviceability, and performance.
    "We are very pleased that these publications have recognized Dana for
supplying innovative products with exceptional performance and serviceability.
This product not only anticipates customer needs, but surpassed industry
standards, as well," said Joe Magliochetti, Dana chairman and CEO.
    Nick Cole, president of Dana's Heavy Vehicle Technologies and Systems
Group, said, "These awards reflect Dana's efforts to ensure that our products
continue to support the most critical requirements of today's fleets and truck
operators."
    The E-1462I steer axle's kingpin features an integral steering arm and
replaces the E-1460I drop standard-track axle.  The new design features
kingpin joint improvements that add durability.  The patent-pending kingpin
uses two drawkeys with spring washer retention in a more rigid beam design.  A
sealed thrust bearing keeps lubricant in and contaminants out.  Options
include wheel-bearing adjustment with fine or extra-fine thread, an ABS sensor
or hydraulic hose attachment, and stop-bolt assembly for greater turn angle
adjustment.
    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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