Dana Chairman Advocates Enhanced Connectivity, Partnership as Keys to Success for Automotive Suppliers, Vehicle Producers

    TOLEDO, Ohio, Jan. 16 /PRNewswire/ -- The path to success for vehicle
producers and their suppliers is a shared understanding that vehicle
development must be a partnership.  This was the focus of the keynote address
delivered by Dana Corporation (NYSE: DCN) Chairman Joe Magliochetti last night
at the 2001 Automotive News World Congress in Detroit.
    "In case Wall Street has not reminded us sufficiently over the past year,
it's not enough to deliver a top-notch component, system, or vehicle," Mr.
Magliochetti said.  "We also must deliver performance that delights our
customers and our shareholders."
    Mr. Magliochetti added that connectivity, defined as the ability of all
supply chain participants to communicate quickly and clearly in a common
language, will be critical to this effort.  "As vehicle producers and their
supply partners become more closely aligned, connectivity may well become the
single most important factor for success," he said.
    The industry trend toward modular systems integration is one of the key
areas that will be enhanced by increased connectivity and its inherent
positive correlation to efficiency, Mr. Magliochetti said.
    "The sooner we embrace the modular trend in North America, the sooner our
industry will maximize performance in terms of quality, efficiency, and
shareholder value," he said.
    "In the end, it is the understanding and acknowledgement that vehicle
development must be a partnership -- a mutual pursuit -- that will enable both
suppliers and vehicle producers to be successful."
    Dana Corporation is one of the world's largest suppliers to vehicle
manufacturers and their related aftermarkets.  Founded in 1904 and based in
Toledo, Ohio, the company operates some 320 major facilities in 32 countries
and employs approximately 80,000 people. The company reported sales of
$13.2 billion in 1999.  Dana's Internet address is http://www.dana.com .

SOURCE Dana Corporation

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

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