Dana Corporation Earns Three PSA Peugeot Citroen Best Supplier Awards

TOLEDO, Ohio, March 23 /PRNewswire/ --

Dana Corporation announced today that it has earned three PSA Peugeot Citroen Best Supplier awards for outstanding achievement in quality, parts and services, and overall economic performance.

(Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA)

"PSA Peugeot Citroen is one of Dana's largest European customers, and we are honored to be recognized with these performance awards," said Ralf Goettel, president, Dana Europe. "Dana has been working with PSA for more than 30 years, and these awards reflect our longstanding commitment to providing our partners with world-class competitive products and services of the highest quality."

Winning suppliers were determined by overall performance and by meeting PSA Peugeot Citroen's high standards in the following categories: quality, innovation, parts and services, and economic performance.

Dana is the only supplier to receive an award in three of the four categories:

Economic Performance

Dana received the economic performance trophy for cost savings achieved in 2004 and 2005 and projected in 2006 through an outstanding contribution to value added/value engineered (VA/VE) initiatives that helped reduce costs of Dana's multilayer plastic fuel line technologies produced in Vitry, France.

Parts and Service

The parts and services trophy was presented to Dana for its exceptional service in meeting deadlines and order fill targets for service part orders to dealerships. PSA specifically recognized Dana's Victor Reinz(R) brand sealing products produced in Neu-Ulm, Germany, for this award.

Quality

Dana was honored with the quality trophy for consistent world-class quality performance with its thermal acoustic protective shield technology produced at its Neu-Ulm, Germany, facility. The trophy is awarded to suppliers who consistently exceed PSA's stringent quality targets.

"These awards recognize our top suppliers for extraordinary performance in key business areas," said Jean-Martin Folz, chairman, PSA Peugeot Citroen. "They were designed to showcase the excellent relationships PSA Peugeot Citroen has built with its suppliers, and to help promote partnership for the never-ending drive to achieve greater shared efficiency."

Dana supplies PSA Peugeot Citroen with a variety of engine components including fluid products, sealing products, engine bearings, and piston rings. It also supplies PSA with thermal management/NVH products such as heat exchangers and heat shields and a range of fluid transfer products including thermoplastic fuel lines.

Based in Toledo, Ohio, Dana Corporation is a leading supplier of axle, driveshaft, engine, frame, chassis, and transmission technologies. Dana people design and manufacture products for every major vehicle producer in the world -- in the automotive, commercial vehicle, and off-highway markets.

Web site: http://www.dana.com