Dana Corporation Supplying Drivetrain Components, Modules for All-New 2008 Jeep® Liberty

TOLEDO, Ohio, Nov. 6 -- Dana Corporation announced today that it has begun supplying Spicer® drivetrain products - including front and rear propshafts and front suspension modules - to Chrysler LLC for the all-new 2008 Jeep® Liberty.

"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® Life Series® 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® 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® cylinder-head covers for the 3.7-liter engines and Victor Reinz® 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 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 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.

FCMN Contact: michelle.hards@dana.com

Source: Dana Corporation

Jeff Cole
of Dana Corporation,

Web site: www.dana.com/

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