DANA HOLDING CORP APPOINTS KEN J. CAO PRESIDENT OF ASIA PACIFIC OPERATIONS

Oct 09, 2008 (AsiaPulse via COMTEX) -- DAN | Quote | Chart | News | PowerRating -- (Full text of statement. Contact details below.)

MEDIA RELEASE PR32155

Dana Holding Corporation Appoints Ken J. Cao President of Asia Pacific Operations

TOLEDO, Ohio, Oct. 8 /PRNewswire-AsiaNet/ --

Dana Holding Corporation (NYSE: DAN | Quote | Chart | News | PowerRating) today announced that Ken J. Cao has joined the company as president of Asia Pacific operations. Cao will be based in Dana's Shanghai, China, office with responsibility for coordinating growth and activities across Dana's 18 operations in the Asia Pacific region. Dana reported sales of $667 million in the region last year.

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"Having lived and worked in China for most of the past decade, Ken has been directly involved in the significant expansion taking place in the Asia Pacific automotive market," said Dana Chief Executive Officer Gary Convis. "We're excited to add a leader with Ken's combination of deep regional perspective and broad industry experience to Dana's senior management team."

Cao joins Dana after 23 years in the automotive industry, including several international leadership assignments. Most recently, he served as president of Asia Pacific Operations for GKN Sinter Metals, based in Shanghai. Prior to joining GKN, Cao served as vice president and general manager - China for Magna Donnelly from 2002 to 2007. He was general manager of Magneti Marelli's facilities based in Shanghai and Guangzhou, China, from 1998 to 2002. Previously, he also worked for General Motors Corporation and Cummins Engine Company in the USA.

Cao earned a Bachelor of Science degree in automotive engineering from the GMI Engineering and Management Institute in Flint, Mich., as well as a master's degree in engineering from the University of Toronto, and an MBA in finance and general management from the University of Michigan. Cao is also a graduate of Nanjing Mechanical College in Nanjing, China, and completed an executive development program in global leadership at UCLA.

About Dana Holding Corporation

Dana is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. The company's customer base includes virtually every major vehicle manufacturer in the global automotive, commercial vehicle, and off-highway markets, which collectively produce more than 70 million vehicles annually. Based in Toledo, Ohio, the company's operations employ approximately 35,000 people in 26 countries and reported 2007 sales of $8.7 billion. For more information, please visit: www.dana.com . SOURCE Dana Holding Corporation

CONTACT: Chuck Hartlage, Dana Holding Corporation, +1-419-535-4728

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