TOLEDO, Ohio, Nov. 6 /PRNewswire-FirstCall/ -- Dana Corporation
announced today that it has begun supplying Spicer(R) drivetrain products -
including front and rear propshafts and front suspension modules - to
Chrysler LLC for the all-new 2008 Jeep(R) Liberty.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
"Dana has been supplying products for Jeep vehicles since they were
first produced and is honored to be selected as an important supplier for
2008 Jeep Liberty," said Michael J. Burns, Dana chairman and CEO. "This
vehicle program is another example of how Dana provides innovative
solutions designed to exceed our customers' expectations."
Dana's Spicer(R) Life Series(R) front and rear propshafts reduce noise,
vibration, and harshness (NVH) levels. The steel front propshaft features
staked-and-centered cardan universal joints and is manufactured utilizing a
pressure-welding process with shielding gas. The design results in reduced
run-out that allows for less rotational variance.
The friction-welded aluminum rear propshaft features a splined-tube
design, which helps improve crash performance, and includes staked-and-
centered cardan universal joints at both ends.
These welding technologies ensure precise component orientation,
substantially improving initial propshaft balance characteristics. Staked-
and-centered universal joints eliminate unwanted looseness and provide a
smoother, high-speed dynamic performance.
The front suspension modules feature Dana's Spicer(R) axle technology
and will be assembled at Dana's Toledo, Ohio facility. The front axle is
tested immediately after assembly to ensure the highest quality NVH levels
are achieved.
Dana also supplies Victor Reinz(R) cylinder-head covers for the
3.7-liter engines and Victor Reinz(R) exhaust manifold gaskets for the
2.4-liter world engines.
Dana has been supplying drivetrain technologies for Jeep vehicles since
the first Willys MA was produced in 1941 and has provided axles and
propshafts for the Jeep Liberty since its inception in 2002.
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 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 http://www.dana.com/reorganization
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CONTACT: Jeff Cole of Dana Corporation, +1-419-887-3535, jeff.cole@dana.com
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