Dana Begins Production of Rear Driving Modules for GM Holden Australian-Built Passenger Cars

Dec 13, 1999

                  Estimated to Exceed $100 Million Annually

    TOLEDO, Ohio, Dec. 13 /PRNewswire/ -- Dana Corporation (NYSE: DCN) today
announced that its subsidiary Dana Australia Pty. Ltd. has begun production of
rear drive modules for Holden Limited, a General Motors Corporation
subsidiary, for that company's Commodore passenger car.  Sales of the modules,
which are manufactured in Australia, will exceed $100 million annually.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    The production of the rear drive modules expands Dana's most ambitious
modular program to date in the Asia-Pacific region.  Dana already provides
Holden with the front corner modules for the Commodore.
    "We are particularly pleased to further develop our relationship with
Holden," said Barry Clark, director for Dana's module operations in Australia.
"This is another opportunity for Dana to combine our component expertise with
our experience as a systems integrator to help our customers get their
products to market faster."
    "This is Dana's ninth major modular project in the last three years," said
Mike Laisure, vice president of Dana's Modules and Systems Group. "We are
committed to continued growth of our modules and systems programs by providing
innovative and cost-effective solutions to our customers."
    Dana established its Australian presence in 1970, growing to more than
30 facilities in Australia and New Zealand that produce components and systems
for vehicular and off-highway manufacturers and their related aftermarkets.
    Dana's global modular activity is wide ranging, involving 10 facilities in
seven nations.  This activity includes current projects with major original
equipment manufacturers such as DaimlerChrysler AG, Fiat Auto Argentina S.A.,
Ford Motor Company, GM, Mack Trucks Inc., Toyota Motor Corporation, Volkswagen
AG, and A.B. Volvo.  These projects range from corner modules to the world's
first Rolling Chassis(TM) module for a light truck, which Dana supplies to
Chrysler for its Dodge Dakota pickup trucks assembled in Brazil.
    Dana Corporation is one of the world's largest independent suppliers to
vehicle manufacturers and their related aftermarkets.  Founded in 1904 and
based in Toledo, Ohio, the company operates some 330 major facilities in
32 countries and employs more than 86,000 people.  The company reported sales
of $12.5 billion in 1998. Dana's Internet address is http://www.dana.com

SOURCE Dana Corporation

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

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