TOLEDO, Ohio, Jan. 25 /PRNewswire-FirstCall/ -- Dana Corporation announced today that it is providing important engine content for the 2007 European Car of the Year, the new Ford S-MAX. Contributions to the Ford S-MAX include Dana's innovative thermal-acoustic protective shielding (TAPS) for the vehicle's exhaust system.
The S-MAX won the European Car of the Year award after receiving nominations from 57 of the 58 award judges on a panel composed of journalists and industry experts from 22 European countries. The trophy was presented this week during a ceremony in Amsterdam.
"We congratulate Ford on earning European Car of the Year, and we are proud to supply technology that helped make the Ford S-MAX an award winner," said Dana Chairman and CEO Mike Burns. "Dana is a global leader in thermal- acoustic protective shields. Our advanced design helps insulate vehicle components from heat and noise generated by the engine and exhaust system."
Dana's form-fitted thermal-acoustic protective shielding incorporates a center layer of material that performs two important functions. Insulating characteristics provide superior thermal performance for the life of the vehicle, while damping properties contribute to improved NVH performance and increased durability. The fully hemmed edge of the shield eliminates sharp edges, secures the insulating and damping properties, and prevents resonate edge noise from occurring. Dana's innovative design also saves valuable under-hood space by closely fitting to the contours of the engine.
TAPS is manufactured at Dana facilities in Canada, Germany, Brazil, and Japan. Dana has been supplying a variety of multi-layer TAPS to several OEMs in Europe for more than 15 years.
About the European Car of the Year Award
The European Car of the Year is an international award judged by a panel of senior motoring journalists across Europe. The European Car of the Year Organizing Committee is made up of managers from the seven prominent European publications that take turns organizing the vote, publicizing and promoting the contest, and hosting the award ceremony. The seven automotive publications that organize the European Car of the Year Award include Auto (Italy), Autocar (United Kingdom), Autopista (Spain), Autovisie (The Netherlands), L'Automobile Magazine (France), Stern (Germany), and Vi Bilagare (Sweden).
About Dana Corporation
Dana is a leading supplier of drivetrain, chassis, structural, and engine technologies. Dana people design and manufacture products for every major vehicle and engine producer in the world. Based in Toledo, Ohio, with operations throughout the world, Dana is focused on being an essential partner to automotive, commercial, and off-highway vehicle customers, which collectively produce more than 60 million vehicles annually. The company's continuing operations reported sales of $8.6 billion in 2005. Dana' Internet address is www.dana.com.
Dana and certain of its U.S. subsidiaries are operating under Chapter 11 of the U.S. Bankruptcy Code as debtors in possession. Information about the bankruptcy proceedings can be found at www.dana.com/reorganization. While Dana continues its reorganization under Chapter 11, investments in its securities are highly speculative. Although shares of Dana common stock continue to trade on the OTC Bulletin Board (OTCBB) under the symbol "DCNAQ," the trading prices of the shares may have little or no relationship to the actual recovery, if any, by the holders under any eventual court-approved reorganization plan. The opportunity for any recovery by holders of Dana common stock under such reorganization plan is uncertain and shares of Dana common stock may be cancelled without any compensation pursuant to such plan.
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