Dana Corporation Earns TRITEC Supplier of Year Awards for Second Consecutive Year

TOLEDO, Ohio, July 11, 2006 /PRNewswire-FirstCall/ -- Dana Corporation announced today that for the second consecutive year three of its product groups have been honored with the TRITEC Supplier of the Year Award.

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

Dana's sealing systems, piston rings, and pump products operations each earned the award, presented by TRITEC Motors, a joint venture between BMW and DaimlerChrysler based in Brazil. TRITEC manufactures engines for the BMW Mini, made in the United Kingdom; DaimlerChrysler's PT Cruiser, assembled in Mexico; and the Chery A15, produced in China.

Throughout 2005, supplier performance was evaluated in logistics, sales, and quality. Awards were conferred upon those suppliers that presented a performance rate of at least 92 percent in each of the criteria.

The piston rings product group obtained the gold award for excellence in all fields - quality, logistics, and sales. The pump products group was recognized with the silver award for its outstanding performance on quality and logistics. And the sealing systems group won the bronze award for excellence in quality requirements, which include PPM levels and the minimizing of downtime.

"Dana is again honored to be acknowledged by such an important partner, with whom it has maintained a close relationship since its inception. In addition to designing the water, oil, and power steering pumps for this engine, Dana assisted in the development of the entire sealing system," said Dana's vice president of operations for South America, Jader Hilzendeger. "Earning the TRITEC Supplier of the Year award for the second consecutive year acknowledges the importance of our partnership and our commitment to providing top-quality products and service."

Dana developed the integrated water-power steering pump, a unique product that was designed specifically for TRITEC. Dana also designed and manufactured the thermoplastic oil-pan gaskets, cylinder-head gaskets, exhaust gaskets, thermoplastic cylinder-head covers, oil seals, sealing rings, and caps for the engine.

About Dana Corporation

Dana is a leading supplier of drivetrain, chassis, structural, and engine technologies. Our people design and manufacture products for every major vehicle and engine producer in the world. Based in Toledo, Ohio, with operations throughout the world, we are focused on being an essential partner to automotive, commercial, and off-highway vehicle customers, which collectively produce more than 60 million vehicles annually. Our continuing operations reported sales of $8.6 billion in 2005. Dana's Internet address is http://www.dana.com/.

Dana and certain of our U.S. subsidiaries are operating under Chapter 11 of the U.S. Bankruptcy Code as debtors-in-possession. Information about the bankruptcy proceedings can be found at http://www.dana.com/reorganization. While we continue our reorganization under Chapter 11, investments in our securities will be highly speculative. Although shares of our common stock continue to trade on the Over the Counter Bulletin Board (OTCBB) under the symbol "DCNAQ," the trading prices of the shares may have little or no relationship to the actual recovery, if any, by the holders under any eventual court-approved reorganization plan. The opportunity for any recovery by holders of our common stock under such reorganization plan is uncertain and shares of our common stock may be cancelled without any compensation pursuant to such plan.

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SOURCE: Dana Corporation

CONTACT: Jeff Cole of Dana Corporation, +1-419-887-3535, or
jeff.cole@dana.com

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

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