| | | DANA CORPORATION TO SUPPLY SUSPENSION MODULES
TO TRANSCRAFT CORPORATION
TOLEDO, Ohio, Dec. 15, 2003 - Dana Corporation (NYSE: DCN) announced today
that its Commercial Vehicle Systems operation has been selected as the standard
and preferred suspension supplier for Transcraft Corporation. Dana will
supply Dana Spicer® RF Series air-ride suspensions for Transcraft's Eagle and Eagle
II flatbed combo trailers.
"Dana is very pleased to expand our relationship with Transcraft, a long-time
customer," said Bill Carroll, Dana's acting president and COO. "This is
further evidence of Dana's growing prominence in the trailer suspension market."
"Dana's strategy is to provide high-value suspension modules to our
customers. We are pleased to bring this system's outstanding design and quality levels
to Transcraft, and we look forward to continuing our relationship with this
valued customer," said Nick Cole, president, Dana Heavy Vehicle Technologies and
Systems Group.
Dana Spicer RF Series air-ride suspensions are fully assembled with Spicer
trailer axles and brakes.
Dana's Commercial Vehicle Systems Division designs, manufactures, and markets
front-steer, rear-drive, trailer, and auxiliary axles; driveshafts; steering
shafts; brakes; suspensions; and related systems, modules, and services for
the commercial vehicle market. Major components and modules are marketed under
the Spicer® brand name.
Dana Corporation is a global leader in the design, engineering, and
manufacture of value-added products and systems for automotive, commercial, and
off-highway vehicle manufacturers and their related aftermarkets. The company
employs approximately 60,000 people worldwide. Founded in 1904 and based in Toledo,
Ohio, Dana operates hundreds of technology, manufacturing, and customer
service facilities in 30 countries. The company reported sales of $9.5 billion in
2002. Dana's Internet address is www.dana.com.
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