Dana Corporation Raises Second-Quarter Expectations

TOLEDO, Ohio, June 13 Dana Corporation announced today that it now expects its second-quarter earnings before non-recurring items to be in the range of 41 to 45 cents per share. The company had previously said it expected earnings of 33 to 35 cents per share before non-recurring items. The increase was attributed to continued operating improvements and even stronger North American vehicle production during the quarter than the company had previously anticipated.

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 70,000 people. The company reported sales of $10.3 billion in 2001. Dana's Internet address is www.dana.com .