Dana Corporation's Board of Directors Postpones Dividend Action

TOLEDO, Ohio, Feb. 21 /PRNewswire-FirstCall/ -- Dana Corporation (NYSE: DCN) today announced that its Board of Directors has postponed action regarding a cash dividend on Dana's common stock for the first quarter of 2006 pending completion of the company's fourth-quarter and full-year 2005 financial results.

(Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA)

"The Board will make its dividend determination in light of these results and the company's financial position," said Dana Chairman and Chief Executive Officer Mike Burns.

Dana people design and manufacture products for every major vehicle producer in the world. Dana is focused on being an essential partner to automotive, commercial, and off-highway vehicle customers, which collectively produce more than 60 million vehicles annually. A leading supplier of axle, driveshaft, engine, frame, chassis, and transmission technologies, Dana employs 46,000 people in 28 countries. Based in Toledo, Ohio, the company reported sales of $9 billion in 2004. Dana's Internet address is: http://www.dana.com/.

First Call Analyst:
FCMN Contact: michelle.hards@dana.com

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SOURCE: Dana Corporation

CONTACT: Michelle Hards of Dana Corporation, +1-419-535-4636, or
michelle.hards@dana.com

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

Company News On-Call: http://www.prnewswire.com/comp/226839.html