Dana to Supply Rear Drive Systems to Ford in Australia

Toledo, Ohio (PROTEXT) - Dana Corporation (NYSE: DCN) announced today that its subsidiary Dana Australia Pty. Ltd. has been selected to design and supply independent rear suspension drive systems for a future Ford Motor Company vehicle. The systems and vehicles will be produced in Australia. (Photo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) "This project is an excellent opportunity to capitalize on several of Dana's strengths," said Bill Carroll, president of Dana's Automotive Systems Group. "We have significant design and development responsibility, and an opportunity to combine our systems integration expertise, to meet increased speed-to-market needs for our customer." In addition to the development responsibilities mentioned, Dana will also be responsible for managing the supply chain in areas such as supplier selection, logistics, engineering, testing, and validation. "This project allows us to expand our capabilities upstream and add value throughout the process," said Mike Laisure, vice president of Dana's Modules and Systems Group. "It is an excellent opportunity to build on our expertise as a systems integrator, and to demonstrate the value of Dana's component technology and experience." Dana's Automotive Systems Group provides under-the-vehicle products and integrated modules and systems to customers anywhere in the world. The Automotive Systems Group consists of Spicer(R) axle products, Spicer(R) driveshaft products, Parish(R) structural products, Nakata(R) steering and suspension products, FTE(R) Automotive brake and clutch systems, and a systems engineering integration and logistics unit. Dana Corporation is one of the world's largest independent suppliers to vehicle manufacturers and their related aftermarkets. Founded in 1904 and based in Toledo, Ohio, the company operates some 330 major facilities in 32 countries and employs more than 86,000 people. The company reported sales of $12.5 billion in 1998. Dana's Internet address is www.dana.com . ots Original Text Service: Dana Corporation Internet: http://www.newsaktuell.de Contact: Gary Corrigan of Dana Corporation (USA) 419-535-4813 Photo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA Company News On-Call: http://www.prnewswire.com/comp/226839.html or fax, (USA) 800-758-5804, ext. 226839 Web site: http://www.dana.com Subscribers please note that material bearing the slug "PROTEXT" is not part of CTK's news service and is not to be published under the "CTK" slug. Protext is a commercial service providing distribution of press releases from clients, who are identified in the text of Protext reports and who bear full responsibility for their contents.