Dana Corporation to Supply Spicer Axles to Renault Trucks

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.

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 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 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 ‹ previous  •  271 of 12614  •  next ›