TOLEDO, Ohio -- During a confirmation hearing yesterday for Dana Corp.'s Chapter 11 case, the judge handling the case ruled that that all Chapter 11 requirements for confirmation of the company’s Plan of Reorganization have been satisfied.

Dana is expected to submit its order of confirmation by Dec. 21 and will be positioned to emerge from bankruptcy by the end of January 2008.

"This is another important step toward our emergence as a financially stable company that is positioned to compete vigorously in our global markets," said Dana Chairman and CEO Mike Burns.

For more information about Dana Corp., visit: http://www.dana.com.