Dana Corporation Plans To Sell Notes

    TOLEDO, Ohio, Feb. 25 /PRNewswire-FirstCall/ -- Dana Corporation
(NYSE: DCN) announced today that it plans to make a private placement of
$250 million in principal amount of notes.  The company expects to commence
the offering shortly.  Proceeds are expected to be used to repay existing
indebtedness and for general corporate purposes.  The notes will be general,
unsecured obligations of Dana Corporation.  The notes will not have been
registered under the Securities Act of 1933 and may not be offered or sold
absent registration or an applicable exemption from registration requirements.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    This release contains "forward-looking" statements within the meaning of
the Private Securities Litigation Reform Act of 1995.  These statements
involve assumptions, uncertainties and risks, and Dana's actual results,
performance or achievements may differ materially from those expressed or
implied in these statements.  Among the factors that could affect the
company's actual results are its ability to sell the above notes on acceptable
terms, if at all.  Additional factors are contained in Dana's public filings
with the Securities and Exchange Commission.  Dana does not undertake to
update any forward-looking statements contained herein.

SOURCE Dana Corporation

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

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