TOLEDO, Ohio, July 13 /PRNewswire-FirstCall/ -- Dana Corporation
announced today that it has begun supplying cylinder-head cover modules for
the 3.0L Duratec V-6 engine appearing on the Ford Freestyle, Ford Five
Hundred, and Mercury Montego vehicles.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
The cylinder-head cover modules are produced using a thermoplastic
material, which is lighter and delivers significant cost savings when
compared to the magnesium cover that it replaces. Like magnesium,
thermoplastic is also recyclable and can be broken down and melted for
re-use after production.
The use of thermoplastic material offers the potential for further
development in terms of processing, design, and material properties. It
also provides design flexibility to integrate additional functions into the
cover in a single manufacturing step. Furthermore, by utilizing plastic,
the contributed weight savings to the overall mass of the vehicle improves
fuel efficiency and reduces emissions.
"Utilizing thermoplastic material in our cover modules offers our
customers a number of advantages, including enhanced fuel economy, cost
reduction, and recyclability," said Michael J. Burns, Dana chairman and
CEO. "As a leading supplier of sealing systems and other engine products to
Ford, we are committed to providing the latest in advanced technology and
product expertise."
The cylinder-head cover integrates several key components, including
the cover, perimeter gasket, spark plug gaskets, fastener assemblies,
baffle, and vent tube. The entire module is assembled and leak tested prior
to shipment to Ford.
Dana also supplies cylinder-head gaskets and front-cover gaskets 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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