Dana Corporation Opens a 'Window' into Advanced Gasket Technology

TOLEDO, Ohio, May 24, 2006 -- Dana Corporation announced today that it has begun production of an advanced engine sealing technology featuring value-added electronic features. The product, supplied to a major North American engine manufacturer, is a valve-cover gasket that is fitted to an inline six-cylinder diesel engine that powers Class 2 and 3 trucks. Additionally, Dana has been selected to supply the valve and breather cover for this engine beginning in 2007.

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The gasket is unique in that it provides "windows" to power circuits for the fuel injectors. Depending on the need, this type of gasket can also provide power connections for solenoids, sensors, actuators, and glow plugs.

By using this technology with single or multiple connections, Dana's electronic "window" gasket simplifies production by reducing the number of components and lowering assembly time and costs. Other advantages include multiple conductor sizes, integrated wiring harnesses, and an increased resistance to heat extremes.

"Dana offers a unique combination of engineering and manufacturing expertise to meet the precision sealing specifications of virtually any engine manufacturer," said Dana Chairman and CEO Michael J. Burns. "Our engineers carefully evaluate the sealing challenges of our customers and then deliver the most innovative technical solution. This becomes the second diesel-engine manufacturer to utilize the electronic window gasket technology."

Integrating sealed wiring connections directly into the window gasket eliminates the need to seal wire routing holes that are machined directly into the structural engine components, eliminating potential leak paths. Improved serviceability is another benefit of Dana's electronic window gasket technology, allowing the gasket and harness module to be removed and reused without jeopardizing wiring integrity upon reassembly.

"Being able to offer an efficient means of routing electrical energy into an engine while underwriting sealing integrity is a significant engineering accomplishment," said Ralf Goettel, president, engine products for Dana. "The electronic pass-through design not only speeds the assembly process, but also eliminates costly and potentially damaging leak paths."

In addition to conventional sealing applications, Dana's electronic window gaskets can be integrated into cylinder head covers, transmission pan modules, windage trays, and oil-pan assembly applications.

About Dana Corporation

Dana is a leading supplier of drivetrain, chassis, structural, and engine technologies. Our people design and manufacture products for every major vehicle and engine producer in the world. Based in Toledo, Ohio, with operations throughout the world, we are focused on being an essential partner to automotive, commercial, and off-highway vehicle customers, which collectively produce more than 60 million vehicles annually. Our continuing operations reported sales of $8.6 billion in 2005. Dana's Internet address is: www.dana.com.

Dana and certain of our U.S. subsidiaries are operating under Chapter 11 of the U.S. Bankruptcy Code as debtors-in-possession. Information about the bankruptcy proceedings can be found at: http://www.dana.com/reorganization. While we continue our reorganization under Chapter 11, investments in our securities will be highly speculative. Although shares of our common stock continue to trade on the Over the Counter Bulletin Board (OTCBB) under the symbol "DCNAQ," the trading prices of the shares may have little or no relationship to the actual recovery, if any, by the holders under any eventual court-approved reorganization plan. The opportunity for any recovery by holders of our common stock under such reorganization plan is uncertain and shares of our common stock may be cancelled without any compensation pursuant to such plan.

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NOTE TO EDITORS: A digital image of the "window" gasket is available.