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Dana Restructures Fluid Systems Operations to Form New Strategic Business Unit    

13 January 2000

Dana Corporation Restructures Fluid Systems Operations to Form New Strategic Business Unit    

            Group to leverage technology for benefit of customers

    TOLEDO, Ohio, Jan. 12 -- Dana Corporation today
announced that it has combined most of its fluid systems operations into a new
strategic business unit, the Fluid Systems Group.  With sales of some $1.3
billion annually, the group is one of the world's largest producers of fluid
systems.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    The new business unit will produce an extensive line of rubber hose, fluid
products, and fluid management systems.  The products focus on the pumping,
routing, and thermal management of fluid systems for a wide range of
applications, from passenger cars to heavy trucks and off-highway vehicles.
    The business unit includes the Fluid System Products Group that previously
had been assigned within Dana's Engine Systems Group, the Boston Weatherhead
Division of the former Industrial Products Group, and the Plumley Division's
hose operations.  The new unit consists of approximately 10,400 people at 45
manufacturing facilities and 10 technical centers in eight countries.
    Joe Magliochetti, Dana president and CEO, said, "We believe this change
will better leverage Dana's fluid systems capability, enhance capital
efficiency, and enable us to combine the resources of these important
businesses to more effectively serve our customers and ultimately improve
shareholder value."
    The group will be headed by Mike Laisure, a 26-year Dana veteran who most
recently led the company's Modules & Systems Group and who oversaw the launch
of Dana's Rolling Chassis(TM) module in Brazil.  Laisure has also had
responsibility for Dana's Spicer Trailer Products, Spicer Transmission, Spicer
Clutch, Spicer Systems Assembly, and Spicer Heavy Truck Marketing divisions.
    "I am excited about the opportunities this new business unit creates for
Dana and its customers.  By having all the product areas that pump, route, and
cool the seven fluids of a vehicle resident in one group, we will be able to
improve and expand our technologies for the benefit of our customers and
provide them with full systems integration," Laisure said.
    Laisure received a bachelor's degree in accounting from Ball State
University and a master's degree in business administration from Miami
University.  He has completed the Harvard Advanced Management Program and also
studied at Bowling Green State, American, and Indiana universities.  He is a
member of several professional societies and has served on the board of
directors of the Heavy Duty Manufacturers Association, Spicer S.A. of Mexico,
and Ohio's Edison Industrial System Centers.
    Dana Corporation is one of the world's largest independent suppliers to
vehicle manufacturers and the aftermarket. 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.