Dana Announces New Structural Product Business Totaling

Some $570 Million Annually Toledo, Ohio (ots-PRNewswire) - Dana Corporation (NYSE: DCN)today announced new structural product business with severaloriginal equipment manufacturers totaling nearly $570 million inannualized sales. The global business, most of which was secured within the lastquarter, ranges from five to eight years in duration. It supportsthe production of a variety of platforms -- from light-trucks andsport utility vehicles to Class 8 trucks -- in many newgeographic regions, with production generally scheduled to beginin 2002 for model-year 2003 platforms. The new structural products incorporate a mixture oftechnological advances, including: * High-pressure hydroforming, a process that forces water intoa die at high pressure to expand steel tubes into shape.Hydroforming is a precise way to reduce weight, improve quality,and allow for more innovative designs while maintainingstructural strength. * Virtual prototyping, a process that uses a range of advancedcomputer- aided engineering (CAE) tools to create designs beforethe actual structure is produced. Advancements in CAE tools areallowing Dana to take the structures through a repetitive designcycle that simulates "real world" conditions and reduces thenumber of "hard" prototypes needed before production, thusreducing development costs and increasing speed to market. * Lightweight innovations through the use of advanced designand forming techniques, and processes such as tailor blanking andadvanced joining and forming technologies. "Dana is taking the lead in the advanced engineering andproduction of structural products that are lighter in weight andhave improved performance characteristics," said Mike Greene,vice president of Dana's Structural Products Group. "Using thesenew technologies, we can help customers to develop innovative newdesigns that further enhance performance." Bill Carroll, president of Dana's Automotive Systems Group,said, "This significant new business is a direct result of usinginnovation to bring more value to our customers. By leading theway in technology, Dana helps its customers create new vehiclearchitectures." The Dana Automotive Systems Group manufactures Spicer axlesand driveshafts, Parish structural products, FTE Automotiveclutches and brakes, and modules and systems. The AutomotiveSystems Group combines the synergies of Dana's largest operatingdivisions to serve its customers anywhere in the world. One of the world's largest independent suppliers to vehicleand engine manufacturers and related aftermarkets, DanaCorporation produces components and systems found under thevehicles and under the hoods of millions of products. Founded in1904 and based in Toledo, Ohio, the company operates some 340major facilities in 32 countries and employs more than 86,000people. Dana reported sales of $12.5 billion in 1998. Dana'sInternet 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 CompanyNews On-Call: http://www.prnewswire.com/comp/226839.html orFax, (USA) 800-758-5804, ext. 226839 Web site:http://www.dana.com

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