Dana Will Not Renew NASCAR Truck Co-sponsorship

TOLEDO, Ohio, Oct. 15 (Press release) -- Dana Corporation announced today that it will not renew its co-sponsorship of a team participating in the NASCAR Craftsman Truck Series upon the completion of the 2001 racing season.

"Our six-year run has been a very rewarding experience," said Bill Carroll, president of Dana`s Automotive Systems Group."To participate in growing a team from a beginner into a championship contender has been tremendously satisfying to all members of the Dana Racing Team. We’ve also enjoyed working with Bobby Hamilton, Joe Ruttman, and the rest of the crew."

Added Dana Motorsports Director Armedee Nadeau, "It`s been a great ride. We`ve found it very gratifying to watch the Dana Dodge become perhaps the most recognizable - and certainly one of the most successful - trucks in this series. The support we have received on the track, from television audiences, and most of all, from Dana people, has been outstanding." Dana has co-sponsored its Dana Dodge truck in the Craftsman Truck Series since 1996.

The team grew from a fledgling operation into a challenger for the current series championship. After 22 of 24 events, driver Joe Ruttman is in second position in the series standings, 97 points behind the current leader.

Dana`s involvement in motorsports has served as a proving ground for many of the company`s highly engineered, performance products. Dana driveshafts, engine products, brake products, and filtration products are standard equipment on many NASCAR Craftsman Truck Series, Winston Cup Series, and Busch Series vehicles.

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 34 countries and employs approximately 75,000 people.

The company reported sales of $12.3 billion in 2000. http://www.dana.com .