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Hart-Scott-Rodino Waiting Period Expires for Dana-Echlin Merger

11 June 1998

Hart-Scott-Rodino Waiting Period Expires for Dana-Echlin Merger

    TOLEDO, Ohio and BRANFORD, Conn., June 11 -- Dana Corporation
and Echlin Inc. announced today that, in connection
with their agreement to merge Echlin into a wholly owned Dana subsidiary, the
required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act
of 1976 has expired without a request for additional documents or information
by the U.S. Federal Trade Commission.  The companies currently expect that all
of the other regulatory approvals required to consummate the merger will be
obtained prior to mid-July, although there can be no assurance as to when and
if such approvals will be obtained.
    Dana Corporation is a global leader in the engineering, manufacture, and
distribution of products and services for the automotive, engine, heavy truck,
off-highway, industrial, and leasing markets.  Founded in 1904 and based in
Toledo, Ohio, Dana operates facilities in 30 countries and employs more than
50,000 people.  The company reported record sales of $8.3 billion in 1997.
The Internet address for Dana's home page is http://www.dana.com.
    Echlin, with annual sales of $3.5 billion, is a leading producer of
quality automotive parts, with more than 140 operations and 28,000 employees
on six continents.  It manufactures and distributes brake, engine, power
transmission, and steering and suspension systems components for the world's
650 million motor vehicles.  The company sells these products to a broad base
of aftermarket customers, who, in turn, supply them to professional
technicians and do-it-yourselfers.  It also sells components to original
equipment customers for factory installation on new vehicles.  Echlin's home
page address on the Internet is http://www.echlin.com.