---

GKN, Dana Unveil Driveline Systems Joint Venture

8 March 2000

GKN, Dana Unveil Driveline Systems Joint Venture DANA CORPORATION LOGO Dana Corporation logo. (PRNewsFoto)[DM] TOLEDO, OH USA 09/03/1999    

    AUBURN HILLS, Mich., March 7 GKN Automotive Driveline
Division and Dana Corporation today officially announced Drive Tek
Limited, an advanced driveline systems joint venture for passenger cars, light
trucks and sport utility vehicles worldwide.  The autonomous U.S.-based
supplier operates as a true partner to OEMs, assuming complete program
management responsibility for optimum driveline systems development and supply
chain integration.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    "Drive Tek is a result of GKN's continuing efforts to support customers
through improved program management and driveline systems integration," said
Tom Chambers, Managing Director Operations - Americas.  "Combining all the
best of both parent companies, we're confident in Drive Tek's capabilities to
operate as an independent auto supplier."
    "We are very pleased to be working with GKN on the development of Drive
Tek," said Bill Carroll, Dana Corporation's Automotive Systems Group
President.  "By combining our complementary areas of expertise, we have
created an organization that will be recognized as a global technology leader
in driveline systems and design."
    "We will provide automakers greater technology, speed-to-market and value
in the integration and program management of major driveline system
applications," added Javier Tamayo, president of Drive Tek.  "We are an
extension of the OEMs, working together to focus all efforts on the things
that truly bring them value."
    The new company is headquartered in Auburn Hills, Mich.  Drive Tek offers
access to global driveline design and application technology, including both
parent companies, with resources and service flexibility to source components
and systems worldwide, ultimately ensuring the highest value to the customer.
    GKN ADD is a global, full-service supplier and a major division of GKN
plc.  The company is a leading independent, global supplier of complete
driveline systems, holding more than 37 percent of the world's constant
velocity joint halfshaft market.  Its subsidiaries and associated companies
manufacture driveline products in more than 40 locations through 20 companies
worldwide.
    GKN plc is an international business committed to excellence in automotive
and agritechnical products, aerospace and industrial services.  GKN posted
sales of more than $6.2 billion in 1998, employs more than 39,000 people in
its subsidiaries, and an additional 19,700 in associated companies.  GKN's
Internet address is http://www.gknplc.com
    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 320 major facilities in 33 countries
and employs more than 82,000 people.  The company reported sales of
$13.2 billion in 1999.