TOLEDO, Ohio, Jan. 31 /PRNewswire-FirstCall/ -- Dana Corporation
(NYSE: DCN) announced today that the Ford Motor Company has extended its
contract with Dana to supply the full-perimeter frame for the popular F-150
full-size pickup, Motor Trend magazine's 2004 Truck of the Year. The contract
is slated to continue across several iterations of the vehicle lifecycle,
thereby allowing both Ford and Dana to benefit from improved asset
utilization.
(LOGO: http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
"We're pleased to have extended this important contract with Ford,
particularly on a vehicle as significant as the F-150," said Mike Burns, Dana
chairman and CEO. "Dana's frame helps the F-150 ride smoother and last
longer. The electrocoated frame surface improves corrosion resistance and the
Dana hydroformed siderails increase vehicle stiffness and torsional rigidity
for better handling - contributing to praise from safety advocates."
The Ford F-150 has earned NHTSA's five-star rating for driver and right-
front-passenger frontal crash performance and received a "Best Pick" in
frontal offset crash testing performed by the Insurance Institute for Highway
Safety.
Dana has supplied the full-perimeter frame for the F-150 for more than 30
years. Depending on the engine and transmission configuration, Dana also
supplies the transmission oil cooler, piston rings, and various gaskets and
fluid-transfer products for the Ford F-150.
Dana people design and manufacture products for every major vehicle
producer in 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. A leading supplier of axle,
driveshaft, engine, frame, chassis, and transmission technologies, Dana
employs 46,000 people in 28 countries. Based in Toledo, Ohio, the company
reported sales of $9 billion in 2004. Dana's Internet address is:
http://www.dana.com.
SOURCE Dana Corporation
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Related links:
http://www.dana.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/19990903/DANA
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
Company News On-Call:
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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