Dana Corporation Raises First-Quarter Expectations

    TOLEDO, Ohio, March 26 /PRNewswire/ -- Dana Corporation (NYSE: DCN)
announced today that it expects first-quarter earnings before non-recurring
items to exceed current First Call consensus estimates of 8 to 10 cents per
share.  The company has revised its expectations upward to 15 to 17 cents per
share, attributing the increase to stronger-than-expected first-quarter light-
vehicle volume and the results of its cost-reduction initiatives.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    Dana will discuss its first-quarter results in a conference call at
10 a.m. (EDT) on Wednesday, April 17.  The call may be accessed via Dana's
website ( http://www.dana.com ), where it will be accompanied by a slide
presentation, or by dialing (800) 275-3210.  Please dial into the conference
15 minutes prior to the call.  A recording of this conference call will be
available after 1 p.m. (EDT) on April 17.  To access this recording, please
dial (800) 537-8823.
    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 .
    The company's earnings expectation contained herein constitutes a
"forward-looking" statement within the meaning of the Private Securities
Litigation Reform Act of 1995.  This expectation involves certain assumptions
and Dana's actual results may differ from this expectation.  Among the factors
that could affect Dana's actual results are changes in the company's
production and shipping schedules, and general economic conditions.  Dana does
not undertake to update this earnings expectation.

SOURCE Dana Corporation

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

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