Dana Corporation Celebrates Its Founding on April 1, 1904
April 01 2004 - 10:00AM
PR Newswire (US)
Dana Corporation Celebrates Its Founding on April 1, 1904 TOLEDO,
Ohio, April 1 /PRNewswire-FirstCall/ -- Dana Corporation today
celebrates its founding on April 1, 1904. On that day, an engineer
named Clarence Spicer began producing his encased universal joint,
which effectively replaced the sprocket-and-chain power
transmission of the day. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) Spicer's
product was protected by two patents he earned while studying
engineering at Cornell University. When his patents were published
in the early automotive and patent journals, motor vehicle
manufacturers quickly demanded the product. Attorney and financier
Charles Dana became involved in 1914 and expanded u-joint
production and added axles, frames, transmissions, and engine
products to the company's product offering. The risks Spicer and
Dana took led to the Dana Corporation, which today ranks as one of
the world's largest suppliers of products and systems for the
vehicular industry. For the first time since Clarence Spicer, the
Dana Corporation is again led by an engineer, Mike Burns. "Clarence
Spicer engrossed himself in a vexing problem for the early auto
makers -- transmitting power to the wheels -- and developed a
unique solution," said Burns, Dana's CEO and president. "Solving
customers' problems with new technologies remains a key to Dana's
success more than a century later." Dana Corporation is a global
leader in the design, engineering, and manufacture of value-added
products and systems for automotive, commercial, and off-highway
vehicles. Delivering on a century of innovation, the company's
continuing operations employ approximately 45,000 people worldwide
dedicated to advancing the science of mobility. Founded in 1904 and
based in Toledo, Ohio, Dana operates technology, manufacturing, and
customer-service facilities in 30 countries. Sales from continuing
operations totaled $7.9 billion in 2003. Dana's Internet address is
http://www.dana.com/ .
http://www.newscom.com/cgi-bin/prnh/19990903/DANA
http://photoarchive.ap.org/ DATASOURCE: Dana Corporation CONTACT:
Gary Corrigan of Dana, +1-419-535-4813, or Web site:
http://www.dana.com/ Company News On-Call:
http://www.prnewswire.com/comp/226839.html
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