TOLEDO, Ohio, July 11 /PRNewswire-FirstCall/ -- Dana Corporation
announced today that for the second consecutive year three of its product
groups have been honored with the TRITEC Supplier of the Year Award.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
Dana's sealing systems, piston rings, and pump products operations each
earned the award, presented by TRITEC Motors, a joint venture between BMW
and DaimlerChrysler based in Brazil. TRITEC manufactures engines for the
BMW Mini, made in the United Kingdom; DaimlerChrysler's PT Cruiser,
assembled in Mexico; and the Chery A15, produced in China.
Throughout 2005, supplier performance was evaluated in logistics,
sales, and quality. Awards were conferred upon those suppliers that
presented a performance rate of at least 92 percent in each of the
criteria.
The piston rings product group obtained the gold award for excellence
in all fields - quality, logistics, and sales. The pump products group was
recognized with the silver award for its outstanding performance on quality
and logistics. And the sealing systems group won the bronze award for
excellence in quality requirements, which include PPM levels and the
minimizing of downtime.
"Dana is again honored to be acknowledged by such an important partner,
with whom it has maintained a close relationship since its inception. In
addition to designing the water, oil, and power steering pumps for this
engine, Dana assisted in the development of the entire sealing system,"
said Dana's vice president of operations for South America, Jader
Hilzendeger. "Earning the TRITEC Supplier of the Year award for the second
consecutive year acknowledges the importance of our partnership and our
commitment to providing top-quality products and service."
Dana developed the integrated water-power steering pump, a unique
product that was designed specifically for TRITEC. Dana also designed and
manufactured the thermoplastic oil-pan gaskets, cylinder-head gaskets,
exhaust gaskets, thermoplastic cylinder-head covers, oil seals, sealing
rings, and caps for the engine.
About Dana Corporation
Dana is a leading supplier of drivetrain, chassis, structural, and
engine technologies. Our people design and manufacture products for every
major vehicle and engine producer in the world. Based in Toledo, Ohio, with
operations throughout the world, we are focused on being an essential
partner to automotive, commercial, and off-highway vehicle customers, which
collectively produce more than 60 million vehicles annually. Our continuing
operations reported sales of $8.6 billion in 2005. Dana's Internet address
is http://www.dana.com.
Dana and certain of our 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 we continue our reorganization
under Chapter 11, investments in our securities will be highly speculative.
Although shares of our common stock continue to trade on the Over the
Counter 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 our common stock under such
reorganization plan is uncertain and shares of our 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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