Toledo, Ohio (March 21st, 2000)â€” Dana Corporation proved why they are a leader in the automobile industry when after their NASCAR Craftsman Truck Series team won their first race in Phoenix, Arizona every member of the winning team was giving an...
Toledo, Ohio (March 21st, 2000)— Dana Corporation proved why they are a leader in the automobile industry when after their NASCAR Craftsman Truck Series team won their first race in Phoenix, Arizona every member of the winning team was giving an undisclosed amount of stock in Dana Corporation.
Dana winless in 104 previous starts in the NASCAR Truck Series made a statement to how committed they are to the series and the team with their overwhelming bonus to the Bobby Hamilton Racing team.
"Dana has been a supporter of the Truck Series for five years now and over that time they have had some great things happen but nothing quite like this," said Armedee Nadeau, Manager of Motorsports for Dana. "It's been a long struggle to win one of these races. That's why Dana presented the members of the team the corporate stock. It's a way of saying thank you for all the long hours and days away from their families. Another thing it does for the guys on the team is give them a little nest egg to set aside for their children and families future. To say the least we're very proud of what we've accomplished together."
Dana first joined the NASCAR Craftsman Truck Series in 1996 with Walker Evans Racing. In 1997, they moved to Roehrig Racing then L & R Racing the following year. In 1999, Dana joined forces with Winston Cup Series Veteran Bobby Hamilton and sense then the team has been on the rise. Dana Corporation is currently in the second year of a three-year contract with the Lebanon, Tennessee based team.
"As a driver I've never been involved with a sponsor that does so much for their team," said Ruttman. "They help us as a sponsor, an engineering resource, a cheerleading section, and now as a financial provider for mine and the team members future. It's hard to say what the bonus meant to the team because most of the members were speechless. I know I was."
The Dana team currently sits fourth in the NASCAR Craftsman Truck Series point standings, just 59 points out of first with 3 of 24 races complete. The team also has led the most laps this season (125).
Dana Corporation is one of the world's largest independent suppliers to vehicle manufacturers and their related aftermarkets. Founded in 1904 and based in Toledo, Ohio, the company operates some 320 major facilities in 33 countries and employs more than 82,000 people. The company reported sales of $ 13.2 billion in 1999. Dana's internet address is www.dana.com.