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Dana Corporation to Consolidate Production in Thermal Products Group

TOLEDO, Ohio - Dana Corporation today announced it will consolidate the North American operations of its Thermal Products group by mid 2006 to reduce operating and overhead costs and strengthen competitiveness.

Dana facilities in Danville, Ind.; Sheffield, Pa.; and Burlington, Ont. with a total of 200 people will be closed. Production from these locations will be moved to Dana plants in St. Clair, Mich., and Cambridge, Ont. The restructuring charges related to these closures are expected to be immaterial.

"The intense competitiveness of today's automotive industry requires continuous cost-reduction and efficiency efforts across the board," said Dana Chairman and CEO Mike Burns. "This consolidation is difficult, but necessary to strengthening the market position of our Thermal Products group, which we consider a core Dana business."