TOLEDO, Ohio, Jan. 18 /PRNewswire-FirstCall/ -- Dana Corporation
announced today that its core technologies - drivetrain, structural,
sealing, and thermal products - can be found among half of the new vehicles
being launched at the North American International Auto Show (NAIAS),
currently underway in Detroit.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA)
More than half of this product is manufactured outside of North
America, and it represents business with three European OEMs and two
Japanese automakers.
"We are proud of how pervasive our core technologies are on the new
vehicles being introduced at this year's North American International Auto
Show," said Dana Chairman and CEO Michael J. Burns. "We are equally pleased
that the combination of our product expertise, global manufacturing
footprint, and advanced manufacturing processes enables us to compete
vigorously and win profitable new business around the world."
Dana technologies found on vehicles launching at the NAIAS include:
- Drivetrain products, such as Spicer(R) rear drive units with Advan
TEK(R) axles and Spicer(R) Life Series(R) propshafts;
- Sealing products, such as Victor Reinz(R) cylinder-head and exhaust
manifold gaskets, cylinder-head cover modules, and valve stem seals;
- Thermal management products, such as heat shields and Long(R) auxiliary
transmission oil coolers with thermal bypass valves;
- Structural products, such as full-vehicle frames.
"It is an honor to have our core technologies among so many of the new
vehicles being launched at this show," said Bob Fesenmyer, president of
business development. "This new business demonstrates the value created
when core technologies support next generation customer needs."
Advan TEK axles offer best-in-class noise, vibration, and harshness
(NVH) levels, improved fuel economy, and increased durability. These
improvements have been accomplished through the use of Dana's proprietary
gear geometry, special bearing design, and advanced assembly processes.
Class-leading Spicer Life Series propshafts improve NVH performance.
The product utilizes a magnetic-arc welding manufacturing process and
incorporates staked-and-centered cardan universal joints to eliminate
unwanted looseness in the drivetrain to provide smoother, high-speed
dynamic performance.
Dana's innovative custom-fitted thermal-acoustic protective shielding
adds an additional layer of insulating material along with a dimpled layer
of steel to help diffuse and rebound sound waves back toward the source.
These extra layers reduce airborne noise and add higher heat reduction
values to the shield, while maintaining low mass. The design also saves
valuable under-the- hood space by closely fitting to the contours of the
vehicle's exhaust system.
Dana's Long auxiliary transmission oil cooler contributes to improved
durability by keeping the transmission fluid at optimal temperature and
also helps increase overall fuel economy. The cooler features an integrated
thermal bypass valve, which serves to accelerate transmission warm-up from
cold-start. This Dana solution combines the function of two components into
a single compact unit.
Dana's full-perimeter frames feature hydroformed side rails that
improve NVH characteristics, higher-strength steel in critical areas for
increased torsional stiffness, and electro-coated surfaces for improved
corrosion protection.
About Dana Corporation
Dana is a leading supplier of drivetrain, chassis, structural, and
engine technologies. Dana people design and manufacture products for every
major vehicle and engine producer in the world. Based in Toledo, Ohio, with
operations throughout the world, Dana is focused on being an essential
partner to automotive, commercial, and off-highway vehicle customers, which
collectively produce more than 60 million vehicles annually. The company's
continuing operations reported sales of $8.6 billion in 2005. Dana'
Internet address is http://www.dana.com
Dana and certain of its U.S. subsidiaries are operating under Chapter
11 of the U.S. Bankruptcy Code as debtors in possession. Information about
the bankruptcy proceedings can be found at http://www.dana.com/reorganization.
While Dana continues its reorganization under Chapter 11, investments in
its securities are highly speculative. Although shares of Dana common stock
continue to trade on the OTC Bulletin Board (OTCBB) under the symbol
"DCNAQ," the trading prices of the shares may have little or no
relationship to the actual recovery, if any, by the holders under any
eventual court-approved reorganization plan. The opportunity for any
recovery by holders of Dana common stock under such reorganization plan is
uncertain and shares of Dana common stock may be cancelled without any
compensation pursuant to such plan.
SOURCE Dana Corporation
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Related links:
http://www.dana.com
http://www.dana.com/reorganization
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/19990903/DANA
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
http://www.prnewswire.com/comp/226839.html/
CONTACT:
Jeff Cole of Dana Corporation,
+1-419-887-3535, or jeff.cole@dana.com
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