On March 3, 2006, Dana Corporation and 40 of its U.S. subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The filings were made in the U.S. Bankruptcy Court for the Southern District of New York. The company's European, South American, Asia-Pacific, Canadian and Mexican subsidiaries were not included in the Chapter 11 filing. DCC, the company’s lease financing subsidiary, was also not included.

Dana intends to use the Chapter 11 reorganization process to implement long-term solutions that will position the company for a stable and profitable future. To fund its continuing operations during the reorganization process, Dana has secured $1.45 billion in debtor-in-possession (DIP) financing. This DIP financing will be used for the company’s normal working capital requirements, including employee wages and benefits, supplier payments, and other operating expenses.

Dana is open for business as usual. Customers can continue to rely on Dana for quality products – delivered on time and to world-class specification.

More information about Dana’s reorganization is available at the following links:

• United States Trustee Solicitation of Non-Union Retirees for a Committee
  
  By order dated August 8, 2006, the Court directed the United States Trustee to appoint a retiree committee made up of non-union retirees. The United States Trustee has requested that Dana post the attached letter and solicitation form on the Dana website. Non-union retirees interested in serving on a committee should read the letter and complete the form. The deadline for returning the form is August 26, 2006 by the close of business, EST. Dana understands that the United States Trustee will also be sending the letter and solicitation forms by mail to a representative sample of non-union retirees.
  
  Retiree Frequently Asked Questions - November 9, 2006 
  Retiree Committee Acceptance Form
  Retiree Committee Solicitation Letter

• Press Releases

  • Corporation Receives Court Authorization to Access New Credit Facility
  • Dana Corporation's U.S. Operations File for Chapter 11 Reorganization to Address Financial and Operational Challenges

• Equity Committee - At the request of the U.S. Trustee, the following information is being posted for equity security holders who may be eligible to serve on a committee of equity security holders in the Chapter 11 cases of Dana Corporation, et. al., Case No. 06-10354

  • Equity Committee Solicitation Letter
  • Equity Committee Acceptance Form

• Supplier hotline - 888-819-7921; International 310-321-5587

• Investor Frequently Asked Questions
  Investors Line - Toll Free 1-800-472-8810 for calls in Ohio and
  1-800-537-8823 elsewhere in the U.S. and Canada; Local 1-419-535-5311
• Additional details and information related to Dana’s court filings can be found here http://dana.bmcgroup.com