22nd February 2007 - Bendix Spicer Foundation Brake to Consolidate Foundation Drum Brake and Air Disc Brake Production in New Facility

S-Cam Transitioning from Dana’s Glasgow, Ky., Facility; Air Disc from the Bendix Frankfort, Ky., Plant

Bendix Spicer Foundation Brake LLC today announced plans to commence operation of a new foundation brake production facility slated for fourth quarter 2007. The location of the new facility will be announced at a later date.

Bendix Spicer Foundation Brake is a joint venture of Bendix Commercial Vehicle Systems LLC and Dana Corporation. Foundation drum brake (S-Cam) production will move from its current location at a Dana Corporation facility in Glasgow, Ky. Air disc brake production will be transitioned from a Bendix Commercial Vehicle Systems LLC facility in Frankfort, Ky.

Bendix announced today that its Frankfort facility, which also manufactures air compressors, is anticipated to shut down operation by late 2007.

The location for the new Bendix Spicer Foundation Brake facility has not yet been finalized, although the company is evaluating sites in both Kentucky and Tennessee, within commuting distance of Glasgow.

“This announcement signifies the latest evolution in Bendix Spicer Foundation Brake’s continued growth,” said Kishor Pendse, president, Bendix Spicer Foundation Brake. “This new plant will provide us a business unit-focused manufacturing operation for our highest-volume and greatest growth-potential products. The move is a natural next step in our global manufacturing facilities strategy. We anticipate considerable synergy and efficiency to result.” Pendse also stated the move will help fulfill the long-term goal of Bendix Spicer Foundation Brake to have full operational control of its foundation brake manufacturing processes.

Initially, the new facility will employ approximately 175, with continued growth expected as product demand and production expansion dictates.

Bendix Spicer Foundation Brake, formed in July 2004, is a single, complete source for foundation brake system research, design, manufacturing, hardware and support for all pneumatic foundation brake components and actuation systems for medium- and heavy-duty commercial vehicles.

About Dana Corporation

Dana is a leading supplier of drivetrain, chassis, structural, and engine technologies. Our people design and manufacture products for every major vehicle and engine producer in the world. Based in Toledo, Ohio, with operations throughout the world, we are focused on being an essential partner to automotive, commercial, and off-highway vehicle customers, which collectively produce more than 60 million vehicles annually. Our continuing operations reported sales of $8.6 billion in 2005. Dana’s Internet address is: www.dana.com.

About Bendix Spicer Foundation Brake LLC

Bendix Spicer Foundation Brake LLC combines and expands the complementary wheel-end foundation brake technologies of two global leaders – Bendix Commercial Vehicle Systems LLC and Dana Corporation. The joint venture, formed in July 2004, is a single complete source for OEM brake system design, manufacturing, hardware, and support for all pneumatic foundation brake components and actuation systems, as well as all-makes coverage of over 50,000 medium- and heavy-duty hydraulic brake aftermarket parts. Bendix Spicer Foundation Brake LLC is headquartered in Elyria, Ohio, with engineering operations in both Elyria and Kalamazoo, Mich. For more information, call 1-866-610-9709 or visit www.foundationbrakes.com.

Source: Bendix Spicer Foundation Brake Press Release