Dana to Provide Support Modules for Newly Announced Isuzu Pick-Up Truck

  Business Marks Company's First Structural Business in Asia-Pacific Region

    TOLEDO, Ohio, June 11 /PRNewswire-FirstCall/ -- Dana Corporation
(NYSE: DCN) announced today that its Structural Solutions Group will supply
structural support modules to Isuzu for its newly announced D-Max pick-up
truck.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    Part of a global program with Isuzu and General Motors to provide
structural products, the business represents Dana's first structural activity
in the Asia-Pacific region.  The Structural Solutions Group has built a new
facility in Bangpakong, Thailand, to manufacture the support modules for
Isuzu's assembly facility in Bangkok.  As part of its proprietary
manufacturing processes, Dana will be introducing a compound-blanking process
to Thailand.
    In addition to the Thailand facility, Dana has also established operations
in the United States and Brazil to support this global GM-Isuzu pick-up
platform.
    This new vehicle will be slated for sales and export to Europe, as well as
the Asia-Pacific region.  Based on Isuzu's production projections, Dana
estimates that the new business in Thailand will be worth some $375 million
for the life of the contract -- model years 2003 through 2009.
    Dana Chairman and CEO Joe Magliochetti said, "This new program further
reflects the broader benefits of our global growth initiatives.  Today we are
well positioned around the world to serve our customers as a global partner
and strategic supplier.  Our ability and agility in all regions of the world
makes us the ideal partner for any global vehicular platform."
    Bill Carroll, president of Dana's Automotive Systems Group, said, "Dana
was chosen for this new pick-up truck platform not only because it was able to
develop innovative solutions through technologically advanced products, but
also because it was responsive to the customer's needs in deploying these
latest innovations and technologies globally."
    The Structural Solutions Group is part of Dana's Automotive Systems Group,
which is a leading provider of under-the-vehicle integration technology for
automotive manufacturers worldwide.  Drawing upon a century of vehicular
expertise, the group offers advanced drivetrain torque and traction
technologies, chassis design solutions, advanced modularity concepts, complete
integrated systems engineering, and program and logistics management for the
following products: Spicer(R)/Dana axles, drivelines, and structural products;
GETRAG(R) differentials, PTUs, transaxles; Tremec(R) transmissions; Nakata(R)
steering and suspension systems, and FTE(R) brake and clutch actuation
systems.  The group focus is on innovations to improve overall vehicle
handling, performance, and comfort.
    Dana Corporation is one of the world's largest suppliers of components,
modules, and complete systems to global vehicle manufacturers and their
related aftermarkets.  Founded in 1904 and based in Toledo, Ohio, the company
operates some 300 major facilities in 34 countries and employs approximately
72,000 people.  The company reported sales of $12.3 billion in 2000.  Dana's
Internet address is http://www.dana.com .
    Certain statements contained herein (including our estimates, beliefs and
expectations) constitute "forward-looking" statements within the meaning of
the Private Securities Litigation Reform Act of 1995.  These statements
involve assumptions, uncertainties and risks, and our actual results,
performance and achievements may differ materially from those expressed or
implied in these statements.  Among the factors that could affect Dana's
actual results are the timing and success of Isuzu's program for its new-
generation pick-up truck to be built in Thailand.  Other factors are detailed
in our public filings with the Securities and Exchange Commission.  We do not
undertake to update any forward-looking statements contained herein.

SOURCE Dana Corporation

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

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