Dana Corporation will provide front and rear axle assemblies and front and rear driveshaft assemblies for light trucks and sport-utility vehicles to be produced in the United States by a major Japanese automotive manufacturer beginning in 2004. The combined annual value of this new business is approximately $US100 million.

Dana will begin production of Spicer rear axle assemblies for the customer in May 2003. Outfitted with limited-slip differentials, the assemblies will be produced at Dana's Columbia, Missouri, facility. Axle volume is expected to total approximately 180,000 units annually.

In addition, Dana will support the programme with Spicer 1310 series front and rear steel main driveshafts, maintenance-free universal joints, and aluminum driveshafts. The products will be manufactured at a Gordonsville, Tennessee, facility beginning in 2003. Combined driveshaft production is expected to total approximately 250,000 assemblies at full production.