Dana Corporation Announces Formation of Heavy Vehicle Technologies and Systems Group

    TOLEDO, Ohio, May 7 /PRNewswire-FirstCall/ -- Dana Corporation (NYSE: DCN)
announced that it has formed a new strategic business unit, the Heavy Vehicle
Technologies and Systems Group.  The business unit integrates the operations
of the Off-Highway Systems Group and Commercial Vehicle Systems, which were
formerly separate strategic business units.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    As president of the new business unit, Nick Cole will lead the integration
of people, plants, and equipment of the two groups, which in 2001 had combined
sales of $1.7 billion, 27 major facilities, five technical centers, and 7,500
people.  This will produce a leaner, stronger organization dedicated to
growing Dana's business with off-highway and commercial vehicle customers
around the world.
    "Heavy Vehicle Technologies and Systems will maintain a dedicated focus on
both Dana's off-highway vehicle customers and our commercial vehicle
customers," said Cole.  "Our ability to serve each of these markets will be
strengthened by new opportunities to share product and process innovations and
to utilize combined manufacturing resources and support services."
    Within HVTSG, the Commercial Vehicle Systems Group will remain focused on
on-highway vehicles for transport over six tons and related support vehicles.
Its products include Spicer(R) heavy axle and brake products, medium and
heavy-duty driveshafts, Spicer(R) trailer products, and complete Roadranger(R)
modules and systems (in conjunction with Eaton Corporation).  It has dedicated
R&D, engineering, manufacturing, and assembly operations.  Norm Boisvert has
been named vice president of the Commercial Vehicle Systems Group.
    The Off-Highway Systems Group will continue within HVTSG to be a full
systems supplier of Spicer(R) axles and brakes, transaxles, transmissions,
driveshafts, torque converters, and electronic controls for the construction,
agricultural, material handling, mining, forestry, specialty chassis, and
other industrial markets.  It also has dedicated R&D, engineering,
manufacturing, and assembly operations.  Mike Watkins has been named vice
president of the Off-Highway Systems Group.
    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 70,000
people. The company reported sales of $10.3 billion in 2001. Dana's Internet
address is http://www.dana.com .

SOURCE Dana Corporation

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

Photo Notes: http://www.newscom.com/cgi-bin/prnh/19990903/DANA AP
Archive: http://photoarchive.ap.org PRN Photo Desk, 888-776-6555
or 212-782-2840
Company News On Call: Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/226839.html