Dana Corporation to Supply Axles, Driveshafts for All-New 2002 Jeep Liberty Sport Utility Vehicle

    TOLEDO, Ohio, April 30 Dana Corporation
announced today that it will supply rear main driveshafts and independent
front and beam-style rear axles for DaimlerChrysler Corporation's all-new 2002
Jeep(R) Liberty sport utility vehicle.
    
    "Dana is delighted to support the light axle and driveshaft needs of this
important new program with our leading-edge products," said Dana Chairman &
CEO Joe Magliochetti.  "Our involvement with the versatile, high-performance
Liberty continues a heritage extending back to Dana's support of the very
first Jeep vehicles produced in the 1940s."
    Dana has begun production of driveshaft and axle components in support of
the 2002 model year Liberty.  The driveshafts, a combination of Spicer(R) 1310
and 1330 Series steel, rear main assemblies, feature Spicer Life(TM)
maintenance-free, universal joints.  The driveshafts will be assembled at the
Spicer Driveshaft Group's Toledo, Ohio, Regional Driveshaft Center for
delivery to DaimlerChrysler's new Toledo North Assembly Plant.
    Dana will also provide Spicer independent front and beam rear axle
assemblies, offering a wide range of enhancements.  These improvements include
an all-aluminum carrier and tube for improved fuel efficiency, larger pinion
stem and bearings for enhanced NVH characteristics, and net-formed
differential gears for increased strength and durability.  Dana will supply a
portion of the rear axles for the Jeep Liberty, with the remainder to be
manufactured by DaimlerChrysler.  Both the front and rear axle assemblies will
be produced at the Spicer Light Axle Group's Dry Ridge, Ky., axle facility.
    Bill Carroll, president of Dana's Automotive Systems Group, said, "The
combination of Dana's and Jeep's strong technologies has helped to create an
exciting vehicle.  The advanced gear designs of our axle assemblies and
lightweight, but durable, characteristics of our driveshaft products will play
a key role in meeting the consumer-driven requirements of this exceptional new
vehicle."
    In addition to the axle and driveshaft products, Dana will also supply a
series of engine and fluid systems products for the Liberty, including coupled
hose products, side curtain airbag tubes, cooling products, piston rings,
bearings, and cylinder-head gasket covers.
    The all-new Jeep Liberty is a versatile sport utility delivering a unique
combination of ruggedness, refinement, and superior on-road handling.  The
Liberty complements DaimlerChrysler's Jeep Grand Cherokee and Jeep Wrangler
vehicles, both of which Dana supports with axle and driveshaft products.
    Dana Corporation is one of the world's largest suppliers of components,
modules, and complete systems to global vehicle manufacturers and their
related aftermarkets.  Founded in 1904 and based in Toledo, Ohio, the company
operates some 300 major facilities in 35 countries and employs more than
75,000 people. The company reported sales of $12.3 billion in 2000.  Dana's
Internet address is http://www.dana.com .

                       
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