Dana Corporation Product Innovation Earns Truck Sales & Leasing Terrific Twenty Award

TOLEDO, Ohio, Jan. 14, 2004 -- Dana Corporation announced today that its new Spicer(R) E-series steer axle lineup and its recent LMSTM wheel-end improvements have been recognized as two of the 20 best product introductions of 2003 by Truck Sales & Leasing magazine.

The publication honored Dana with its Terrific Twenty Award, which annually recognizes 20 products featuring exceptional levels of innovation, serviceability, and performance.

"We are very proud to have been honored for our continued efforts in supplying innovative products that provide the best performance in the industry," said Nick Cole, president of Dana's Heavy Vehicle Technologies & Systems Group.

Across-the-board improvements have been made to Dana's lineup of Spicer integral-arm steer axles. The improvements were made to increase the durability of key axle components and maintain the lightweight design, while helping customers reduce overall operational costs. Highlighting the list of new features is a unique two-drawkey-and-spring-washer-kingpin retention system, along with a new, more robust beam forging design. The result is improved total vehicle alignment capability, better axle durability, and reduced maintenance.

New Dana Spicer LMS wheel end caps were designed to upgrade the popular Spicer LMS wheel ends. The new caps reduce and simplify maintenance, help ensure the longevity of wheel-end components, and help reduce overall vehicle weight. A patent-pending contaminant-exclusion system prevents water from entering the wheel end assembly during high-pressure washer spray or when wheels are submerged in water.

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.