Dana Corporation Awarded Nissan Driveline Business
Jan 7, 2003
Will Supply New Nissan Full-Size Pickup with Axles and Propshafts TOLEDO, Ohio, Jan. 7 /PRNewswire-FirstCall/ -- Dana Corporation (NYSE: DCN) announced today that it will provide front- and rear-axle assemblies and propshafts for Nissan's all new 2004 Titan full-size pickup truck. The new Nissan vehicle, which will be styled, engineered, and assembled in the United States, will be introduced in late 2003. "We are extremely excited by this new opportunity to employ our torque and traction technology expertise on the behalf of Nissan," said Dana Chairman and CEO Joe Magliochetti. "This important program also adds to the solid growth Dana is experiencing with overseas manufacturers with U.S. operations." Along with Dana's torque and traction technologies, the new Nissan pickup will offer truck owners a package that features a large V-8 engine, a completely new platform, and increased horsepower, payload, and towing capacity. Axle production is expected to begin in mid 2003. The lightweight, aluminum, independent front axle assemblies and cast-iron, beam rear axle assemblies will incorporate several Dana-first innovations, including: * Optional rear electrical locking differential for improved traction; * Improved pinion sealing technology to prevent contamination; * Advanced gear manufacturing for improved strength; life expectancy and noise; vibration, and harshness (NVH); * Industry-first, one-piece die cast carrier for increased axle strength; and * Advanced oil flow design, which improves towing capabilities and vehicle maneuverability. Dana will also produce steel and aluminum propshafts for both 4x4 and 4x2 models. All assemblies include maintenance-free universal joints. The 4x4 rear shaft is an aluminum propshaft selected for its light weight, corrosion resistance, NVH characteristics, and superior performance. Other Dana components include fluid routing products such as fuel lines and hoses, heat exchangers, and engine bearings. "Dana is the leader in state-of-the-art driveline systems," said Bill Carroll, President of Dana's Automotive Systems Group. "Our design and testing expertise in torque and traction technologies was instrumental in securing this important new business. We are excited by the opportunity to support this program and to strengthen our relationship with Nissan." 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 70,000 people worldwide. Founded in 1904 and based in Toledo, Ohio, Dana operates hundreds of technology, manufacturing, and customer service facilities in 34 countries. The company reported sales of $10.3 billion in 2001.
SOURCE Dana Corporation
Web Site: http://www.dana.com
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