Dana Corporation to Supply Suspension Modules to Transcraft Corporation

TOLEDO, Ohio, Dec. 15, 2003 -- Dana Corporation announced today that its Commercial Vehicle Systems operation has been selected as the standard and preferred suspension supplier for Transcraft Corporation. Dana will supply Dana Spicer(R) RF Series air-ride suspensions for Transcraft's Eagle and Eagle II flatbed combo trailers.

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"Dana is very pleased to expand our relationship with Transcraft, a long- time customer," said Bill Carroll, Dana's acting president and COO. "This is further evidence of Dana's growing prominence in the trailer suspension market."

"Dana's strategy is to provide high-value suspension modules to our customers. We are pleased to bring this system's outstanding design and quality levels to Transcraft, and we look forward to continuing our relationship with this valued customer," said Nick Cole, president, Dana Heavy Vehicle Technologies and Systems Group.

Dana Spicer RF Series air-ride suspensions are fully assembled with Spicer trailer axles and brakes.

Dana's Commercial Vehicle Systems Division designs, manufactures, and markets front-steer, rear-drive, trailer, and auxiliary axles; driveshafts; steering shafts; brakes; suspensions; and related systems, modules, and services for the commercial vehicle market. Major components and modules are marketed under the Spicer(R) brand name.

Dana Corporation is a global leader in the design, engineering, and manufacture of value-added products and systems for automotive, commercial, and off-highway vehicle manufacturers and their related aftermarkets. The company employs approximately 60,000 people worldwide. Founded in 1904 and based in Toledo, Ohio, Dana operates hundreds of technology, manufacturing, and customer service facilities in 30 countries. The company reported sales of $9.5 billion in 2002. Dana's Internet address is www.dana.com .

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