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Dana Comfortable With Second-Quarter, Full-Year Earnings Estimates

7 June 1999

Dana Comfortable With Second-Quarter, Full-Year Earnings Estimates

    TOLEDO, Ohio, June 4 -- Dana Corporation
President and CEO Joe Magliochetti today stated that the company is
"comfortable" with analysts' consensus earnings estimates for the second
quarter, as well as for the full year.
    "Contrary to recent media reports, Dana remains comfortable with second
quarter earnings estimates of $1.17 per share, as well as the current
full-year consensus estimate for 1999," Magliochetti said.
    "Also, as a point of clarification, we will soon publicly identify the
first two of the businesses we plan to divest as part of our previously
announced Five-Point Plan," he said.
    Dana Corporation is one of the world's largest independent suppliers to
vehicle manufacturers and their related aftermarkets.  Founded in 1904 and
based in Toledo, Ohio, the company operates some 330 major facilities in
32 countries and employs more than 86,000 people.  The company reported sales
of $12.5 billion in 1998. Dana's internet address is http://www.dana.com.