Dana Corporation

Mike Burns Elects to Leave Dana Following Successful Emergence

TOLEDO, Ohio, Feb. 1, 2008 /PRNewswire - FirstCall/ -- Dana Holding Corporation (NYSE: DAN) is today emerging from Chapter 11 reorganization as a new company positioned to compete vigorously in the global automotive, commercial vehicle, and off-highway markets.

TOLEDO, Ohio, Dec. 12, 2007 /PRNewswire - FirstCall/ -- During a confirmation hearing today for Dana Corporation's (Pink Sheets: DCNAQ) Chapter 11 case, Judge Burton R. Lifland of the U.S. Bankruptcy Court for the Southern District of New York announced that he will "entertain an appropriate order of confirmation" with respect to the company's Plan of Reorganization. The judge ruled that all Chapter 11 requirements for confirmation have been satisfied. The company is expected to submit the order of confirmation by Dec. 21, 2007. As previously announced, the company is positioned to emerge from bankruptcy by the end of January 2008.

TOLEDO, Ohio, Dec. 6 /PRNewswire - FirstCall/ -- Dana Corporation (OTC: DCNAQ) (BULLETIN BOARD: DCNAQ) today announced the selection of nine individuals who are expected to serve as members of the board of directors of Dana upon emergence from Chapter 11 reorganization. The board will include Dana Chairman and Chief Executive Officer Mike Burns, who is expected to be named Chief Executive Officer. At emergence, it is expected that the offices of Chairman and Chief Executive Officer will be separate.

TOLEDO, Ohio, Nov. 27 /PRNewswire - FirstCall/ -- Dana Corporation announced today that it has obtained fully underwritten commitments for a $2.0 billion exit financing facility, marking a significant step toward the company's timely emergence from Chapter 11 reorganization. These commitments ensure that Dana will be positioned to emerge from bankruptcy by the end of January 2008, or earlier.

The exit facility will be underwritten by Citigroup Global Markets Inc., Lehman Brothers Inc., and Barclays Capital, and will consist of a $650 million asset-based revolving credit facility and a $1,350 million term loan facility. The facilities are secured by substantially all of the assets of Dana and most of its domestic subsidiaries.

TOLEDO, Ohio, Nov. 6 /PRNewswire - FirstCall/ -- 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.

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."

TOLEDO, Ohio, Oct. 23 /PRNewswire - FirstCall/ -- Dana Corporation (OTC: DCNAQ) (BULLETIN BOARD: DCNAQ) today announced that the Honorable Burton R. Lifland of the United States Bankruptcy Court for the Southern District of New York approved the Disclosure Statement filed in connection with the company's proposed Plan of Reorganization and authorized Dana to begin soliciting votes from its creditors on its Plan of Reorganization. The Court determined that Dana's Disclosure Statement contains adequate information for creditors who are entitled to vote on the company's Plan of Reorganization.

Dana's confirmation hearing for the Bankruptcy Court to consider approval of the Plan of Reorganization is scheduled to commence on December 10, 2007.