Dana and Echlin Shareholders Approve Merger

    TOLEDO, Ohio, AND BRANFORD, Conn., June 30 /PRNewswire/ -- Dana
Corporation (NYSE: DCN) and Echlin Inc. (NYSE: ECH) announced that their
shareholders approved proposals in support of the merger of Echlin with a
subsidiary of Dana at the companies' special meetings today.
    Dana shareholders approved the issuance of Dana Common Stock in connection
with the merger and a proposal to increase the number of authorized shares of
Dana's Common Stock.  Echlin shareholders, in turn, approved the proposal to
merge Echlin into the Dana subsidiary.
    "We are tremendously pleased that the shareholders of both companies have
demonstrated their support for this transaction," said Dana Chairman and CEO
Southwood J. Morcott.  "We look forward to moving ahead with the merger, which
will create an even stronger Dana with the resources to be the global leader
under the vehicle, under the hood, and in the aftermarket.
    "This is another key step in our efforts to build shareholder value," he
added.
    Echlin Chairman, President, and CEO Larry McCurdy added, "This is a
landmark day for our company.  I firmly believe that the merger for which our
shareholders have voted will be a positive event for all our constituents,
including shareholders, employees, customers, and suppliers."
    The merger is currently expected to close in mid-July, after the receipt
of all required regulatory approvals.
    Echlin, with annual sales of $3.5 billion, is a leading producer of
quality automotive parts, with more than 140 operations and 28,000 employees
spread across six continents.  It manufactures and distributes brake, engine,
power transmission, and steering and suspension system components for the
world's 650 million motor vehicles.  The company sells these products to a
broad base of aftermarket customers, who, in turn, supply them to professional
technicians and do-it-yourselfers.  It also sells components to original
equipment customers for factory installation on new vehicles.  Echlin's home
page address on the Internet is http://www.echlin.com.
    Dana Corporation is a global leader in the engineering, manufacture, and
distribution of products and services for the automotive, engine, heavy truck,
off-highway, industrial, and leasing markets.  Founded in 1904 and based in
Toledo, Ohio, Dana operates facilities in 30 countries and employs more than
50,000 people.  The company reported record sales of $8.3 billion in 1997.
The Internet address for Dana's home page is http://www.dana.com.

SOURCE Dana Corporation

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

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