Dana Realigns Operations, Creates New Automotive Aftermarket Group

    TOLEDO, Ohio, July 14 /PRNewswire/ -- Dana Corporation (NYSE: DCN) today
announced the first in a series of strategic moves to realign operations as a
result of its July 9, 1998, acquisition of Echlin Inc.
    Dana has created the Automotive Aftermarket Group -- its seventh strategic
business unit -- which will allow the company to better support its worldwide
customers by uniting the resources of Dana's and Echlin's aftermarket
operations.
    Southwood J. Morcott, Dana chairman and chief executive officer said, "By
combining Dana's excellence in manufacturing with Echlin's outstanding
marketing and customer service, we have the resources to be the global leader
in the aftermarket."
    He also said that the new group would capitalize on the many synergies
generated by the combination of two strong aftermarket operations.
    "This combination is as good for our customers as it is for our
shareholders.  We can optimize warehouse distribution, manufacturing, and
marketing infrastructure for increased efficiency," he said.
    Larry McCurdy serves as president of the Automotive Aftermarket Group,
which will focus on the global service parts and distribution markets.
McCurdy has spent the major portion of his 40-year career in the motor vehicle
parts industry, holding various key management positions with Echlin; Cooper
Industries, Inc.; Moog Automotive, Inc.; and Tenneco, Inc.
    The Automotive Aftermarket Group includes the global brake, engine
systems, and European aftermarket operations that were a part of Echlin.
    Also included in the Automotive Aftermarket Group are Dana's global
filtration product operations, which manufacture and market a broad range of
air, oil, fuel, and cabin filtration products.  Joining the Automotive
Aftermarket Group is Bill Lasky, who serves as president of the filtration
products group.  Lasky is a 21-year Dana veteran and member of the World
Operating Committee.  He has a marketing, distribution, and manufacturing
background that spans eight Dana divisions.
    Dana also has moved its full line of aftermarket chassis, sealing, and
engine products to the new group by realigning its Chassis Products,
Automotive Sales, and Distribution Services Divisions; Dana World Trade; and
Dana Canada Service Parts under the Automotive Aftermarket Group.
    With the realignment completed, the Automotive Aftermarket Group now has
more than 26,000 people in 25 countries and had pro forma sales of
approximately $3 billion in 1997.
    McCurdy commented, "We're excited about the opportunities for the new
Automotive Aftermarket Group as we build on Dana's strong combination of
aftermarket brands and long-standing distribution relationships.  It gives
Dana a sharper aftermarket focus as we provide superior products, services,
and value to our customers throughout the world."
    One of the world's largest independent suppliers to vehicular, off-
highway, and industrial manufacturers and their related aftermarkets, Dana
Corporation produces components used on more than 95 percent of the world's
600 million motor vehicles.  Founded in 1904 and based in Toledo, Ohio, the
company operates 270 major facilities in 33 countries spread over six
continents and employs more than 79,000 people.  The company had pro forma
sales of $11.9 billion in 1997.  Dana's Internet address is http://www.dana.com.

SOURCE Dana Corporation

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

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