"predecessor** entity to Dana.

PRELIMINARY STATEMENT Dana Corporation ("Dana") manufactures primarily vehicular products such as transmissions, axles, clutches, pistons, universal joints, vehicular gaskets, couplings and similar products for the automotive and transportation industries.

5.10 Hourly 40Kiel Plans. 442373 V.9

DANA CORPORATION / Annual Report 2001 Transforming Our Future

D A N A C O R P O R A T IO N / Annual Report 2001 And while we can argue semantics, the bottom line is that as long as our economy and our customers are cyclical, so too is our business.

D A N A C O R P O R A T IO N / Annual Report 2001 Transforming Our Future.

Additional Information - Balance Sheet In millions Dana Corporation (including Dana Credit Corporation on an equity basis) Assets Current assets Cash and marketable securities Accounts receivable Trade, less allowance for doubtful accounts of $42-2000 and $45-2001 Other Inventories Other current assets Total current assets Investments and other assets Investments at equity Goodwill Other Total investments and other assets Deferred income tax benefits Property, plant and equipment, net Total assets Liabilities and Shareholders' Equity Current liabilities Notes payable Accounts payable Accrued payroll and employee benefits Other accrued liabilities Taxes on income Total current liabilities Deferred employee benefits and other noncurrent liabilities Long-term debt Minority interest in consolidated subsidiaries Shareholders' equity Total liabilities and shareholders' equity 2000 December 31 2001 $ 149 $ 182 1,505 318 1,564 535 4,071 636 969 212 1,817 209 3,069 $9,166 1,371 253 1,299 518 3,623 628 841 246 1,715 449 2,778 $8,565 $1,307 1,014 395 809 165 3,690 1,155 1,574 119 2,628 $9,166 $ 617 1,042 315 826 142 2,942 1,400 2,155 110 1,958 $8,565 44

Dana Corporation - History Page 11 of 12 management philosophy, delegation and motivation were all covered, as were the conduct of meetings, public speaking, problem analysis and decision making.

Dana Corporation Page 7 of 176 Table of Contents PARTI (Dollars in millions, except per share amounts) Item 1 --Business Dana Corporation is one of the world's largest independent suppliers of modules, systems and components for light, commercial and off-highway vehicle original equipment (OE) manufacturers globally and for related OE service customers.

Dana Corporation Page 18 of 176 positions are with Dana unless otherwise indicated.

Dana Corporation Page 62 of 176 Europe South America Asia Pacific 1,233 361 391 1,255 432 324 (22) (71) 67 $7,501 $7,480 $ 21 (2) 57 (16) (130) 21 15 $ (68) (84) 24 (25) $(119) 5 35 77 $208 Currency effects in North America were due primarily to the weakening of the Canadian dollar in 2002.

Dana Corporation Page 93 of 176 Table of Contents Task Force Issue No. 94-3.

Dana Corporation Page 90 of 176 Stock-Based Compensation Stock-based compensation is accounted for using the intrinsic value method prescribed in Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to Employees," and related interpretations.

Dana Corporation Page 150 of 176 Table of Contents credits for 2003 are summarized by SBU in the following table.

Marcella Duncan 7-22-04.txt 12 Q.