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Dana Corporation Providing Frame Assembly, Driveshafts for New Toyota Sequoia

21 July 2000

Dana Corporation Providing Frame Assembly, Driveshafts for New Toyota Sequoia DANA CORPORATION LOGO Dana Corporation logo. (PRNewsFoto)[DM] TOLEDO, OH USA 09/03/1999    

    TOLEDO, Ohio - Dana Corporation announced today that it will soon begin 
production of frame assemblies and driveshafts for the new 2001 full-size 
Sequoia sport utility vehicle, manufactured by Toyota Motor Manufacturing, 
Indiana.

    The frame will be assembled at Dana's Structural Products facility,
located in Owensboro, Ky.  The Sequoia will benefit from Dana's and Toyota's
commitment to excellence to design the frame with unprecedented NVH
characteristics.  The front half of the frame is similar in design to the
Toyota Tundra pickup and the components for the rear portion are being
produced at Dana's Structural Products facility in Hopkinsville, Ky.  The
Sequoia will also benefit from the advanced line-sequencing technology that
was jointly developed by Dana and Toyota for the Tundra.

    In addition, Dana's Spicer Driveshaft Group will provide driveshaft
technology incorporating Spicer's patented maintenance free, net-formed cardan
universal joints.  The one-piece 1310 series swagged (four-inch diameter
tubing to three-inch) steel main driveshafts will be supplied for the 4x2
Sequoia model.  Spicer Driveshaft's swagging process for driveshaft tubing,
allows for easier tool clearance in the installation and removal of large
diameter driveshafts.  The group will also supply the front main driveshafts
on the 4x4 version. The assemblies will be supplied out of Spicer Driveshaft's
Gordonsville, Tenn., facility.

    Vehicle production is anticipated to be 60,000 units per year, which will
result in significant increases in shipments of frames and driveshafts to
Toyota.  Dana also supplies the frames and driveshafts for the Toyota Tacoma
pick-up, which is built at New United Motor Manufacturing, Inc., located in
Fremont, Calif., a joint venture plant between Toyota and GM.

    "We are maximizing our people and our assets by utilizing the Owensboro
and Hopkinsville facilities to manufacture and assemble the Toyota Sequoia and
Tundra frames, said Mike Greene, president of Dana's Structural Products
Group.  "We are proud to be a part of these exciting new vehicles."

    Added Joe Sober, Product Director of Dana's Driveshaft operations, " We
are committed to excellence and quality to ensure the success of this program
as we further develop our relationship with Toyota Motor Corporation."

    The Structural Products Group and the Spicer Driveshaft Group are part of
Dana's Automotive Systems Group, which provides Under-The-Vehicle technologies
and integrated modules and systems to customers anywhere in the world.  The
Automotive Systems Group encompasses advanced innovations in Driveline Systems
including Spicer(R) axles and driveshafts, Parish(R) structures and
technologies in chassis systems sub-structures incorporating engine and axle
cradles, Nakata(R) steering and suspensions, FTE(R) automotive brake and
clutch systems, and a systems engineering integration and logistics unit.

    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 320 major facilities in 32
countries and employs more than 82,000 people.  The company reported sales of
$13.2 billion in 1999.