TOLEDO, OH -- Dana Corp. has received approval for its Disclosure Statement filed in connection with the company's proposed Plan of Reorganization. In addition, the company has been authorized to begin soliciting votes from its creditors on its Plan of Reorganization. The approval was granted by the Honorable Burton R. Lifland of the United States Bankruptcy Court for the Southern District of New York.

The Court determined that Dana's Disclosure Statement contains adequate information for creditors who are entitled to vote on the company's Plan of Reorganization. Dana's confirmation hearing for the Bankruptcy Court to consider approval of the Plan of Reorganization is scheduled to begin on Dec. 10.

Dana said it expects to begin mailing notices of the proposed confirmation hearing to qualified claim holders, and begin the process of soliciting approvals for the Plan of Reorganization in about a week.

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