Dana Corporation's Driveshaft Products Group Changes Name to Reflect Broader Range of Technology
Dec 19, 2001
TOLEDO, Ohio, Dec. 19 /PRNewswire/ -- Dana Corporation (NYSE: DCN) announced today that the name of its Driveshaft Products Group, a part of its Automotive Systems strategic business unit, has been changed to the Torque Management Group. (Photo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) Bill Carroll, president of the Automotive Systems Group, said, "The name Torque Management better describes the newer innovations and more comprehensive range of technology that the group is introducing to our global customers. At the same time, it emphasizes our commitment to providing advanced modularity and system integration solutions to the automotive marketplace. The Torque Management Group is headed by Mike Greene, a 27-year Dana veteran, who has also led the company's Structural Solutions Group. Dana's most global operation, the group consists of 45 facilities in 20 countries. "As Dana stays ahead of the curve in a rapidly changing automotive-supply industry, we have progressed and expanded our focus beyond traditional driveshaft products, processes, and services. We now offer a complete array of technological solutions for drivetrain torque management," Green said. "As vehicle powertrains evolve, Dana's Torque Management Group will be ready with drivetrain innovations that optimize vehicle performance as well as enhance the consumer's driving experience," he added. Products will continue to be sold under the respected and notable Spicer(R) brand. The Torque Management Group is part of Dana's Automotive Systems Group, a leading provider of under-the-vehicle integration technology, including advanced drivetrain torque and traction technologies, chassis design solutions, advanced modularity concepts, complete integrated systems engineering, and program and logistics management. Its products include Spicer(R) axles, drivelines, and structural products; GETRAG(R) differentials, PTUs, and transaxles; Tremec(R) transmissions; Nakata(R) steering and suspension systems; and FTE(R) brake and clutch actuation systems. The group focuses 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 330 major facilities in 34 countries and employs approximately 75,000 people. The company reported sales of $12.3 billion in 2000. Dana's Internet address is http://www.dana.com .
SOURCE Dana Corporation
Web Site: http://www.dana.com
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