Dana Corporation Plans to Sell Notes

Dana Corporation Plans to Sell Notes

DANA CORPORATION LOGO Dana Corporation logo. (PRNewsFoto)[TC] TOLEDO, OH USA 07/17/2001

    TOLEDO, Ohio, July 18 Dana Corporation today
announced that it plans to make a private placement of dollar and/or euro
denominated notes.  The company expects to commence the offering shortly.
Proceeds are expected to be used to repay outstanding short-term indebtedness
and for other general corporate purposes.  The notes will be general,
unsecured obligations of Dana Corporation.  The securities offered have not
been registered under the Securities Act of 1933 and may not be offered or
sold in the United States absent registration or an applicable exemption from
registration requirements.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
This release contains "forward-looking" statements within the meaning of the
Private Securities Litigation Reform Act of 1995.  These statements involve
assumptions, uncertainties and risks, and Dana's actual future results,
performance, or achievements may differ materially from those expressed or
implied in these statements.  Among the factors that could affect the
company's actual results are its ability to sell the notes on acceptable
terms, if at all.  Additional factors are detailed in Dana's public filings
with the Securities and Exchange Commission.  Dana does not undertake to
update any forward-looking statements contained herein.