Dana Corporation to Integrate Spicer Heavy Systems Assembly Division Into Ride and Control Systems Division
Oct 19, 2001
TOLEDO, Ohio, Oct. 19 /PRNewswire/ -- Dana Corporation's (NYSE: DCN) Commercial Vehicle Systems unit today announced that it is integrating its Spicer Heavy Systems Assembly Division into its Ride and Control Systems Division, headquartered at the Commercial Vehicle Technology Center in Kalamazoo, Mich. (Photo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) "Our mission is to transform today's components and services into tomorrow's innovative system solutions that provide more value for our customers on a global basis," said Rick Clayton, president of Commercial Vehicle Systems. "Ride and Control Systems Division is the group that will develop these systems and modules to meet the market needs of the future." "We are furthering the goals of Dana's "Transformation 2005" strategic plan by consolidating our current heavy chassis assembly operations within the division responsible for future system design and integration," he added. As a result of this move, the Spicer Heavy Systems Assembly Division's office in Wyomissing, Pa., will be closed, and its assembly plants in Lancaster, Pa., and Lugoff, S.C., will report to Greg DiMarco, general manager of the Ride and Control Systems Division. "Ride and Control has the research and development capability essential for the design and testing of complete system solutions as we go forward," said Mr. DiMarco. "Tomorrow's real system design integration will provide even more value and content than the logistics, sourcing, and assembly services provided by Spicer Heavy Systems Assembly today." Dana's Commercial Vehicle Systems unit designs, manufactures, and markets front-steer, rear-drive, trailer, and auxiliary axles; driveshafts; steering shafts; brakes; suspensions; and provides related systems, modules, and services for the commercial vehicle market. Major components and modules are marketed under the Spicer(R) brand name. 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 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
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