Innovative Spicer® Diamond Series™ Driveshafts Showcased on Navistar Truck at MATS

MAUMEE, Ohio, March 21, 2013 /PRNewswire/ -- Dana Holding Corporation (NYSE: DAN) announced today that the efficient, robust Spicer^® Diamond Series™ driveshaft will be featured on Navistar's International^® LoneStar^® truck on display in booth 30895 at the Mid-America Trucking Show (MATS) this week.

This installation demonstrates how weight-sensitive customers can increase payload and improve their bottom line by pairing industry-proven SPL^® universal-joint technology with the robust aluminum Spicer Diamond Series tube.

"Commercial-vehicle OEMs and fleet owners are quickly recognizing the performance and maintenance advantages of our Spicer Diamond Series driveshafts," said Pat D'Eramo, president of Dana Commercial Vehicle Driveline Technologies. "Our innovative driveshaft is being used by a forward-looking OEM at the industry's most popular event of the year, which clearly demonstrates the enthusiasm for our cutting-edge technologies and the proven benefits they can provide to fleet owners."

Navistar promotes industry-leading Spicer driveshafts as the standard and exclusive offering in the company's North American commercial-vehicle data book.  In addition to Spicer driveshafts, Navistar offers customers a complete lineup of Spicer^® medium- and heavy-duty steer and drive axles, tire-management solutions, and wheel-end offerings.

In 2011, Fraley & Schilling, Inc., a major trucking company based near Indianapolis, was the first fleet to outfit some of its trucks with seven-inch Spicer Diamond Series driveshafts.  More than a year and 750,000 miles later, Fraley & Schilling have encountered no issues with the Spicer Diamond Series driveshafts, reporting no balance problems, maintenance concerns, or other complaints.

"We're happy to report that all things have been running absolutely smoothly with this model," said Robert Schilling, chairman, CEO, and owner of Fraley & Schilling. "These Spicer Diamond Series driveshafts have exceeded all my expectations."

The Spicer Diamond Series driveshaft is the first to combine dissimilar metals, successfully pairing steel end fittings with a single-piece, high-strength aluminum tube. The new design can also eliminate the center bearing used in traditional two-piece driveshafts, reducing component wear and installation costs.  As a result, this technology weighs up to 40 percent less, improving fuel economy and load-carrying capacity.

The corrosion-resistant driveshaft also offers environmental benefits, eliminating both the need to paint the tube's exterior as well as the metal inert gas (MIG) welding process.

In October, the Spicer Diamond Series driveshaft was selected as finalist for the 2013 Automotive News PACE Awards, which honor superior innovation, technological advancement, and business performance among automotive suppliers. The Spicer Diamond Series driveshaft also earned the Technology Innovation Award from Frost & Sullivan in 2011.

MATS attendees may visit Dana in the South Wing of the Kentucky Expo Center in booth 30555.

About the Automotive News PACE Awards
The Automotive News PACE Awards, now in its 19th year, is recognized around the world as the industry benchmark for automotive innovation.  The 2013 Automotive News PACE Awards will be presented on April 15, 2013, at the Max M. Fisher Music Center in Detroit, Michigan.

About Dana Holding Corporation
Dana is a world-leading supplier of driveline, sealing, and thermal-management technologies that improve the efficiency and performance of passenger, commercial, and off-highway vehicles with both conventional and alternative-energy powertrains.  The company's global network of engineering, manufacturing, and distribution facilities provides original-equipment and aftermarket customers with local product and service support. Based in Maumee, Ohio, Dana employs more than 23,000 people in 26 countries and reported 2012 sales of $7.2 billion. For more information, please visit www.dana.com.

SOURCE Dana Holding Corporation