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Dana's New Structural Product Business Totaling $570M Annually

21 April 1999

Dana Announces New Structural Product Business Totaling Some $570 Million Annually

    TOLEDO, Ohio, April 21 -- Dana Corporation today
announced new structural product business with several original equipment
manufacturers totaling nearly $570 million in annualized sales.
    The global business, most of which was secured within the last quarter,
ranges from five to eight years in duration.  It supports the production of a
variety of platforms -- from light-trucks and sport utility vehicles to Class
8 trucks -- in many new geographic regions, with production generally
scheduled to begin in 2002 for model-year 2003 platforms.
    The new structural products incorporate a mixture of technological
advances, including:

    * High-pressure hydroforming, a process that forces water into a die at
      high pressure to expand steel tubes into shape.  Hydroforming is a
      precise way to reduce weight, improve quality, and allow for more
      innovative designs while maintaining structural strength.
    * Virtual prototyping, a process that uses a range of advanced computer-
      aided engineering (CAE) tools to create designs before the actual
      structure is produced.  Advancements in CAE tools are allowing Dana to
      take the structures through a repetitive design cycle that simulates
      "real world" conditions and reduces the number of "hard" prototypes
      needed before production, thus reducing development costs and increasing
      speed to market.
    * Lightweight innovations through the use of advanced design and forming
      techniques, and processes such as tailor blanking and advanced joining
      and forming technologies.

    "Dana is taking the lead in the advanced engineering and production of
structural products that are lighter in weight and have improved performance
characteristics," said Mike Greene, vice president of Dana's Structural
Products Group.  "Using these new technologies, we can help customers to
develop innovative new designs that further enhance performance."
    Bill Carroll, president of Dana's Automotive Systems Group, said, "This
significant new business is a direct result of using innovation to bring more
value to our customers.  By leading the way in technology, Dana helps its
customers create new vehicle architectures."
    The Dana Automotive Systems Group manufactures Spicer axles and
driveshafts, Parish structural products, FTE Automotive clutches and brakes,
and modules and systems.  The Automotive Systems Group combines the synergies
of Dana's largest operating divisions to serve its customers anywhere in the
world.
    One of the world's largest independent suppliers to vehicle and engine
manufacturers and related aftermarkets, Dana Corporation produces components
and systems found under the vehicles and under the hoods of millions of
products.  Founded in 1904 and based in Toledo, Ohio, the company operates
some 340 major facilities in 32 countries and employs more than 86,000 people.
Dana reported sales of $12.5 billion in 1998.  Dana's Internet address is
http://www.dana.com.