TOLEDO, Ohio, Aug. 1 /PRNewswire-FirstCall/ -- Dana Corporation
announced today that it has been selected to supply Spicer(R) rear beam
axles for the new Renault Mascott rear-wheel-drive vans and chassis-cab
vehicles produced by Renault Trucks.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
Dana earned this new business by offering axles that are lightweight
and could be brought to market very quickly. Features include a compact
design for increased ground clearance and a differential locking option for
enhanced traction in hazardous conditions.
"We are pleased that Renault Trucks has chosen Dana technology for this
important light commercial-vehicle platform," said Michael J. Burns, Dana
chairman and CEO. "Dana has a proven history of expertise in the design and
production of competitive drivetrain solutions, and we are proud to apply
our expertise for the benefit of Renault Trucks."
Designed to increase end-user productivity, the rear-wheel-drive
Renault Mascott features some of the lowest loading sills and highest
payload capabilities on the market. The vehicle also delivers higher torque
and pick up, even at low engine speeds.
Spicer(R) axles offer superior quality, strength, and durability,
contributing to higher vehicle payload and operating capabilities.
"The rear beam axle is an integral component in a drivetrain system,
and an optimized design can offer significant benefits that assist in
providing competitive advantages to our customers," said Tom Stone,
president of Dana Traction Products. "This program reinforces Dana's global
reputation for robust axle design."
About Dana Corporation
Dana is a world leader in the supply of axles; driveshafts; and
structural, sealing, and thermal-management products; as well as genuine
service parts. The company's customer base includes virtually every major
vehicle and engine manufacturer in the global automotive, commercial
vehicle, and off-highway markets, which collectively produce more than 65
million vehicles annually. Based in Toledo, Ohio, the company's continuing
operations employ approximately 35,000 people in 28 countries and reported
2006 sales of $8.5 billion, with more than half of this revenue derived
from outside the United States. For more information, please visit
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/
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, jeff.cole@dana.com
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