Dana Corporation
Industry: Auto & Truck Parts

Dana Corporation is engaged in the design, engineering and manufacture of products and systems for automotive, commercial and off-highway vehicle manufacturers and related aftermarkets. It operates technology, manufacturing and customer service facilities in 30 countries.

Business Summary
Dana Corporation (Dana) is an independent supplier of modules, systems and components for light, commercial and off-highway vehicle original equipment (OE) manufacturers globally and for related OE service customers. Its products are used in passenger cars and vans; sport-utility vehicles (SUVs); light, medium and heavy trucks; recreational vehicles and motor homes, and a range of off-highway vehicles. The Company's operations are organized into two principal business units: Automotive Systems Group, and Heavy Vehicle Technologies and Systems Group. Dana is also a provider of lease financing services in selected markets through its wholly owned subsidiary, Dana Credit Corporation. Spicer, Victor Reinz, Clevite, Glacier and Vandervell are the Company's primary trademarks. In November 2004, the Company sold its automotive aftermarket businesses to Affinia Group Inc.

Financial Summary
Dana Corporation is an independent supplier of modules, systems and components for light, commercial and off-highway vehicle original equipment manufacturers (OEMs), globally, and for related OEM service customers. For the 6 months ended 6/30/05, revenues rose 11% to $5.18B. Net income from cont. ops. fell 46% to $69M. Revenues reflect an increase in new business. Lower income reflects reduced gross margins.