ELYRIA, OH — As scheduled, Bendix and Dana’s joint venture — Bendix Spicer Foundation Brake LLC — officially began business yesterday following corporate approvals from both partners.

The joint venture, headquartered in Elyria, Ohio, will operate technology centers in Elyria and Kalamazoo, Mich., to produce a full portfolio of advanced wheel-end braking systems components. The joint venture will combine complementary technologies from both companies to produce a range of wheel-end brake products, including S-Cam and air disc brakes, slack adjusters and actuators, as well as a full array of related aftermarket parts for medium- and heavy-duty commercial vehicles.

Former Bendix executive Kishor Pendse has been appointed president of the organization. Pendse most recently served as vice president and general manager of Bendix Commercial Vehicle Systems’ wheel-end business team. Prior to joining Bendix in September 2003, he was vice president-Six Sigma at TRW, Inc. in Cleveland, Ohio.

In his new position, Pendse will report to the management board of the joint venture and will be responsible for its overall strategic leadership, including engineering, management and planning, business development and product advancements. He will be supported by an assistant general manager who will be appointed by Dana at a later date.

Bendix Spicer Foundation Brake LLC said it will continue to announce details about the new organization, including its Web site launch and additional sales and product information, in the coming weeks.

For more information about Dana, go to: www.dana.com.

To learn more about Bendix, visit: www.bendix.com.

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