Dana Corporation Reorganizes Commercial Vehicle Systems Unit

    TOLEDO, Ohio, March 26 Dana Corporation
announced today that it has reorganized its former Heavy Truck strategic
business unit, renaming it the Commercial Vehicle Systems strategic business
unit.
    
    "This new name more accurately reflects the global markets this unit
serves," said Joe Magliochetti, Dana chairman and CEO.  "This is not a
cosmetic change; it is a realignment of this business unit for one of Dana's
three key market sectors.  It is this kind of transformation that will expand
our capabilities, introduce more proprietary technology, and provide value-
added products, systems, and services to our customers, while generating
exceptional benefits for our shareholders."

    He noted that there are more than 1.5 million commercial vehicles produced
globally; 40 percent are heavy trucks, and the remaining 60 percent are medium
trucks, buses, and military and specialty vehicles.  In North America, the
annual 400,000-unit market is split between medium and heavy trucks, and a
trailer market of about 250,000 units annually.

    Rick Clayton, an 18-year Dana veteran who has led the Heavy Truck Group
since it was organized in 1997, will continue as president of the Commercial
Vehicle Systems Unit.

    "In the last three years, Dana has supplied its customers with components
and systems for a record production of 1.5 million trucks and nearly one
million trailers," he said.  "Now is the time to accelerate new product and
system introductions.  In doing so, we also must expand our capabilities,
rationalize our assets, and improve our capital efficiency."

    Clayton outlined the following organization and divisional name changes
that more accurately reflect the markets of the business unit:

    In North America, the former Heavy Axle and Brake Division and Trailer
Products Division have been transformed into two new divisions.

    Much of the Heavy Axle and Brake Division has been renamed the Commercial
Vehicle Axle Division and will focus on drive axles, proprietary OEM axles,
modules, and related components.  In addition, North American sales to the
major truck, bus, and military and specialty OEMs will continue to be the
responsibility of this division, which will continue to be led by Norm
Boisvert (23 years of service).

    A new Ride and Control Systems Division combines elements of trailer
axles, along with new components and systems, including auxiliary axles, steer
axles, brake systems, tire management systems, and truck and trailer modules.
This division will be headed by Greg DiMarco (14 years of service) and will
introduce systems that will include modules and suspensions.

    The Commercial Vehicle Axle Division and Ride and Control Systems Division
will be co-located at the Commercial Vehicle Technology Center in Kalamazoo,
Mich., where the two divisions will share people, program, test, and financial
resources.

    "This location provides the research and development tools, the critical
mass, and the innovative environment that will make these divisions
successful," Clayton said.   "It just makes sense to bring these great Dana
people together.  I have challenged them with goals of greater customer
satisfaction, faster speed to market, and innovation and performance.  We are
essentially reinventing ways to eliminate waste, drive technologies, and share
services."

    In addition to these changes, the Heavy Axle and Brake Division - Europe,
and Heavy Axle and Brake Division - South America, will conduct business as
the Commercial Vehicle Systems Division - Europe and South America,
respectively.  Josetxo Zugaldia (16 years of Dana service) will continue his
responsibilities for Europe, and Horacio Sciliar (21 years of service) will
retain his leadership for the South American market.   These divisions will
execute the unit's business initiatives and represent the full product,
systems, and service breadth of the entire Commercial Vehicle Systems Unit in
their respective regions.

    The Commercial Vehicle Service Parts division will integrate the global
parts and marketing functions under one banner.  Len Newblom (32 years of
service) will be in charge of this division, which has a mission to provide
timely and innovative solutions and to deploy e-business initiatives to all
service parts customers in the commercial vehicle market.

    "Along with our other changes, we felt it was imperative to expand and
focus our service parts business," Clayton said.  "By bringing our global
parts and marketing capabilities under one division, we feel we are well on
our way to achieving this goal."