Dana Australia Selected by GM Holden Limited to Supply Modules for Australian-Built Passenger Cars
Oct 26, 1998
TOLEDO, Ohio, Oct. 26 /PRNewswire/ -- Dana Corporation (NYSE: DCN) today announced that its subsidiary, Dana Australia Pty Ltd, has been selected to supply modules to Holden Limited, a General Motors Corporation (NYSE: GM) subsidiary, for its Commodore passenger cars manufactured in Australia. The project represents Dana's first modular program in the Asia Pacific region. Dana expects to supply 200,000 front corner modules and 100,000 rear driving modules annually for the Commodore with the first shipment anticipated in January 1999. The modules will be assembled at Dana's facility in Adelaide, Australia. "The new project with Holden is significant in that it will allow us to demonstrate our extensive experience, gained as a leading systems integrator in North America and South America, to a customer in the Asia Pacific region," said Mike Laisure, Dana's vice president, Modules & Systems Group. Added Gerry Turek, managing director for Dana's operations in Australia and New Zealand, "We are particularly pleased at further developing our presence in Adelaide and we are committed to continued growth in Australia by providing innovative and cost-effective solutions to our customers." Dana established its Australian presence in 1970, growing to 31 facilities in Australia and New Zealand producing components and systems for vehicular, off-highway, and industrial original equipment 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 Chrysler Corporation, Daimler-Benz AG, Fiat Auto Argentina S.A., Ford Motor Company, GM, Mack Trucks Inc., Toyota Motor Corporation, Volkswagen A.G., 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. One of the world's largest independent suppliers to vehicular, off- highway, and industrial manufacturers and their related aftermarkets, Dana Corporation produces components and systems used on more than 95 percent of the world's 670 million motor vehicles. Founded in 1904 and based in Toledo, Ohio, the company operates 270 major facilities in 33 countries 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.