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Dana Corporation Named One of the World's 100 Best Managed Companies

19 August 1999

Dana Corporation Named One of the World's 100 Best Managed Companies by Industry Week Magazine

     Dana Also Recognized as Best of the Best In Automotive Industries Survey

    TOLEDO, Ohio, Aug. 18 -- Dana Corporation has
been named one of the "World's 100 Best-Managed Companies" for the second
straight year by Industry Week magazine. Dana was recognized for its emphasis
on global growth, decentralization, and employee education programs.
    "Dana has long relied on a unique style of management that emphasizes
trust in people, individual responsibility, decentralization in decision
making, education, and continuous improvement. Receiving this honor for the
second year in a row reaffirms our style of management," said Dana Chairman
Southwood J. Morcott.
    Dana began 1998 as a company with 49,000 people and grew to a company of
86,000 people generating sales of $12.5 billion by the end of the year.  In
addition to this growth, 1998 was Dana's seventh straight year of record
sales, and fifth straight year of record operating profits.
    "The fact that Dana has maintained this level of excellence throughout
this period of change is a testament to the hard work and commitment of our
men and women worldwide. Their relentless focus on innovation, consumer value,
and responsiveness helped us to achieve this distinction for a second straight
year," said Dana President and CEO Joe Magliochetti.
    Last week, Dana was recognized as one of "the best of the best" among
automotive suppliers in four categories by Automotive Industries magazine in
its Quest for Excellence Survey. Dana was honored as a top supplier in the
Chassis Suspension Systems, Systems Integrators, and Transmissions/Drivetrain
Systems categories.  Dana's Victor Reinz Division was recognized in the
Seal/Gaskets and Packing category.
    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 .