Dana Corp - Business Notes - Brief Article

Diesel Progress North American Edition, Jan, 2003

> Dana Corp. announced that it has signed a definitive agreement to sell its FTE brake and clutch actuation systems operations to HgCapital, a European private equity finance company FTE is a manufacturer of brake and clutch actuation systems for vehicular markets, headquartered in Ebern, Germany Dana said the FTE operations expect 2002 sales in excess of $260 million and employs approximately 2850 people at five manufacturing facilities, located in Ebern, Fischbach, and Muhlhausen, Germany; Puebla, Mexico; and Gravatai, Brazil; and at a warehouse in Paris, France.