Dana Corporation Completes Sale of Several Non-Core Businesses

TOLEDO, Ohio, Nov. 18, 2002; Dana Corporation announced today that it has completed the sale of several non-core businesses to The Riverside Company, a leveraged buyout firm.

Proceeds from the sale were approximately $33 million, and the transaction was not material to the company's results of operations. Terms of the transaction were not disclosed.

The businesses involved in the transaction are: * Tekonsha Engineering Company, located in Tekonsha, Mich., a manufacturer of aftermarket electric brake controls and related products for the recreation, agricultural, and trailer markets. This transaction included Dana's SurePull Products facility in Sheridan, Ark., which produces hitches and towing accessories; * Theodore Bargman Company, located in Albion, Ind., a manufacturer of exterior illumination products, electrical accessories, and locks and latches; and * American Electronic Components, Inc., located in Elkhart, Ind., a manufacturer of sensors, switches and relays.