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030-10 Lohr, 2010-04-16

Bosch Rexroth AG, Dana Holding Corporation Announce Plans for Joint Venture to Engineer and Produce Off-Highway Transmissions

Lohr, Germany / Maumee, Ohio, USA – Bosch Rexroth AG and Dana Holding Corporation (NYSE: DAN) announced today that they expect to form a 50-50 joint venture to co-develop and manufacture advanced drive transmissions for the off-highway market. A memorandum of understanding to this effect was signed by the two companies.

The planned joint-venture company, which is expected to operate in Arco, Italy, will engineer, manufacture, and market hydro-mechanical variable powersplit transmission systems (HVT) for the global off-highway markets. The advanced transmission systems will be focused on meeting customer needs for improved fuel economy, productivity, emissions, and maneuverability. Bosch Rexroth and Dana will contribute staff, intellectual property, and capital to the new joint-venture company.

“We are excited about the opportunities that this combination of two respected global off-highway transmission manufacturers presents,” said Dana Chief Technical Officer George Constand. “Together, Dana and Bosch Rexroth offer a broad range of complementary skill sets, which will enable the joint venture to deliver a unique array of advanced transmission solutions to the off-highway marketplace.”

The planned joint venture will benefit from Dana’s expertise in off-highway transmission engineering and manufacturing, and Bosch Rexroth’s deep experience in hydraulics and systems.

“The smart interaction of hydraulics and mechanics will be the driving factor for future innovation in drive transmissions,” said Bosch Rexroth Executive Vice President of Engineering and Manufacturing Reiner Leipold-Buettner.

“Only those with the best know-how in both fields will master the growing market demands. Dana and Bosch Rexroth ideally combine both fields.”

Bosch Rexroth and Dana are currently engaged in a joint project to develop power split transmissions for construction machines.

About Dana Holding Corporation:

Dana is a world leader in the supply of axles; driveshafts; off-highway transmissions; sealing and thermal-management products; and genuine service parts. The company's customer base includes virtually every major vehicle manufacturer in the global automotive, commercial vehicle, and offhighway markets. Based in Maumee, Ohio, the company employs approximately 21,500 people in 26 countries and reported 2009 sales of $5.2

billion. For more information, please visit: www.dana.com.

Bosch Rexroth AG is one of the world’s leading specialists in the field of drive and control technologies. Under the brand name of Rexroth the company supplies more than 500,000 customers with tailored solutions for driving, controlling and moving. Bosch Rexroth is a partner for industrial applications and factory automation, mobile applications and using renewable energies. As The Drive & Control Company, Bosch Rexroth develops, produces and sells components and systems in more than 80 countries. In 2008 Bosch Rexroth AG, part of the Bosch Group, achieved sales of around 5.9 billion Euro with 35,300 employees.

For more information please visit: www.boschrexroth.com

 

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Contact

Jana Benzinger
Maria-Theresien-Straße 23
97816 Lohr am Main
Phone: +49 9352 18-1589
jana.benzinger@boschrexroth.de