BMW Chooses Dana to Supply Drive Units
Oct 9, 2001
TOLEDO, Ohio, Oct. 9 /PRNewswire/ -- Dana Corporation (NYSE: DCN) announced today that it has been selected by BMW Group as an intended production supplier of axle components for a future BMW vehicle platform. (Photo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) Dana plans to support BMW with the design and production of front and rear differentials for the program, which will be based in the United States. The selection adds to Dana's increasing business with North American transplant manufacturers. The systems will include a variety of features for high quality, performance, and durability, including low-transmission-error drive gears; luxury-car-type bearing diameters; low-backlash dimensional control; and vehicle-correlated end-of-line noise testing. "We are tremendously excited by this new opportunity to leverage the expertise of our Traction Technologies Group in support of a premium customer like BMW," said Joe Magliochetti, Dana chairman and CEO. "This is an exciting, innovative vehicle platform, and we are delighted to be a part of it." "It is always good news when one of the world's most prestigious vehicle manufacturers recognizes your quality and technology by choosing you as its supplier-partner," said Bill Carroll, president of Dana's Automotive Systems Group. "But it's even more rewarding knowing that we were selected after going head-to-head with other suppliers in a comprehensive and competitive review process. "By becoming a global partner with our customers, we are able to offer them the many resources and technological advances expected from a global engineering and technology leader," he added. The drive units will be produced by Dana's Traction Technologies Group, which consists of 25 manufacturing, assembly, and research facilities in 16 countries. The group encompasses a wide variety of traction-oriented solutions -- from individual components to the gearless technologies of tomorrow. Its operations span six continents and are strategically located to efficiently address the evolving demands of light-vehicle OEMs. The Traction Technologies Group is part of Dana's Automotive Systems Group, a leading provider of under-the-vehicle integration technologies for automotive manufacturers worldwide. The group offers advanced driveline design solutions, complete integrated systems engineering, and logistics, drawing upon nearly a century of expertise in the following products: Spicer(R) axles and driveshafts; GETRAG(R) differentials, PTUs, and transaxles; structures and chassis systems; Nakata(R) steering and suspension systems; FTE(R) brake and clutch actuation systems; TTC and Tremec(R) transmissions; and all-wheel driveline systems engineering from Drive-Tek(TM), a Dana/GKN joint venture. 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
Web Site: http://www.dana.com
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