Dana Secures New Axle, Driveshaft Business Valued at $100 Million; Program to Support Major Japanese Automotive Manufacturer

    TOLEDO, Ohio, Jan. 10 /PRNewswire/ -- Dana Corporation (NYSE: DCN)
announced today that it has been selected to provide front and rear axle
assemblies and front and rear driveshaft assemblies for light trucks and
sport-utility vehicles to be produced in the United States by a major Japanese
automotive manufacturer beginning in 2004.  The combined annual value of this
new business is approximately $100 million.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    Dana will begin production of Spicer(R) rear axle assemblies for the
customer in May 2003.  Outfitted with limited-slip differentials, the
assemblies will be produced at Dana's Columbia, Mo., Spicer Light Vehicle Axle
Group facility.  Axle volume is expected to total approximately 180,000 units
annually.
    In addition, Dana will support the program with its Spicer(R) 1310 Series
front and rear steel main driveshafts, Spicer Life(R) maintenance-free
universal joints, and 1350 Series Spicer Lite(TM) aluminum driveshafts.  The
products will be manufactured at Spicer Driveshaft's Gordonsville, Tenn.,
facility beginning in 2003.  Combined driveshaft production is expected to
total approximately 250,000 assemblies at full production.
    "We are delighted to support the light axle and driveshaft needs of this
important new program with this series of leading-edge, quality products,"
said Dana Chairman & CEO Joe Magliochetti. "This quality reputation was
further validated with the recent award of the nation's highest quality honor
-- the Malcolm Baldrige National Quality Award -- to our Spicer Driveshaft
unit."
    Bill Carroll, president of Dana's Automotive Systems Group, said, "Dana's
strong technology was integral to securing this new opportunity.  The advanced
torque-management capability of our axle assemblies and lightweight, but
durable, characteristics of our driveshaft products will play a key role in
meeting the requirements of this demanding application."
    The axle and driveshaft operations are part of Dana's Automotive Systems
Group, which provides under-the-vehicle products, integrated modules and
systems to customers anywhere in the world.  The Automotive Systems Group
encompasses advanced innovations in driveline systems including Spicer(R)
axles and driveshafts, structures and chassis systems, Nakata(R) steering and
suspensions, FTE(R) automotive brake and clutch systems, and a systems
engineering integration and logistics unit.
    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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