Dana Corporation Supplying Cylinder-Head Cover Modules for Ford Engine Platform

Jul 13, 2006

TOLEDO, Ohio, July 13, 2006 /PRNewswire-FirstCall/ -- Dana Corporation announced today that it has begun supplying cylinder-head cover modules for the 3.0L Duratec V-6 engine appearing on the Ford Freestyle, Ford Five Hundred, and Mercury Montego vehicles.

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

The cylinder-head cover modules are produced using a thermoplastic material, which is lighter and delivers significant cost savings when compared to the magnesium cover that it replaces. Like magnesium, thermoplastic is also recyclable and can be broken down and melted for re-use after production.

The use of thermoplastic material offers the potential for further development in terms of processing, design, and material properties. It also provides design flexibility to integrate additional functions into the cover in a single manufacturing step. Furthermore, by utilizing plastic, the contributed weight savings to the overall mass of the vehicle improves fuel efficiency and reduces emissions.

"Utilizing thermoplastic material in our cover modules offers our customers a number of advantages, including enhanced fuel economy, cost reduction, and recyclability," said Michael J. Burns, Dana chairman and CEO. "As a leading supplier of sealing systems and other engine products to Ford, we are committed to providing the latest in advanced technology and product expertise."

The cylinder-head cover integrates several key components, including the cover, perimeter gasket, spark plug gaskets, fastener assemblies, baffle, and vent tube. The entire module is assembled and leak tested prior to shipment to Ford.

Dana also supplies cylinder-head gaskets and front-cover gaskets 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

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

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