Clevite Engine Parts Awards Product Sponsorships for Nitro Club Programs
Dec 6, 2006
ANN ARBOR, Michigan, December 4, 2006 — Clevite Engine Parts recently awarded four product sponsorships for the 2007 NHRA season at the conclusion of the Auto Club of Southern California NHRA Finals in Pomona, California.
The points winners of the NHRA 2006 Top Fuel and Funny Car Series — Tony Schumacher, driver of the Army Top Fuel dragster, and John Force, pilot of the Castrol GTX funny car —automatically drove off with product sponsorships.
Additionally, Clevite Engine Parts conducts a drawing for full product sponsorships for all Nitro Club members finishing in the Top 16 in points. One sponsorship goes to a top fuel car, the other to a funny car. The winners of the drawing were Cory McClenathan, driver of the Fram Boost top fuel dragster and Scott Kalitta, driver of the Technicoat funny car.
In addition to receiving Clevite 77® bearings and Perfect Circle® piston rings the winning teams also receive engineering support from Clevite Engine Parts. In turn, the four winning teams provide marketing support to Clevite.
In 2007, Clevite will once again provide year-end product sponsorships to four teams selected by a drawing held at the 2007 Auto Club finals in Pomona. Additionally, Clevite will award mid-season support in 2007 to four teams with the most points scored over the summer’s toughest four races — Norwalk, Denver, Seattle and Sonoma. The tricky combination of heat, humidity and altitude make these races especially tough and very competitive for the drivers and teams.
Clevite Engine Parts is a division of Dana Corporation (OTC: DCNAQ) and provides a wide scope of under-the-hood products for the global replacement parts market, including Clevite® engine parts, Clevite 77® engine bearings, Victor Reinz® gaskets and Perfect Circle® piston rings. In addition, Clevite, Clevite 77, Victor Reinz and Perfect Circle are exclusive NASCAR® Performance Products. Clevite’s Internet address is www.engineparts.com.
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: 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.
Contact: Bill McKnight