ArvinMeritor Extends Tender Offer for Dana Until Dec. 1, 2003

ArvinMeritor Extends Tender Offer for Dana Until Dec. 1, 2003 


TROY, Mich., Oct. 30  /PRNewswire-FirstCall/ -- ArvinMeritor, Inc.  today
announced that it has extended its $15.00 net per share offer for all of the
outstanding common shares of Dana Corporation's  common stock until 5:00 p.m.
Eastern Standard Time (EST), on Dec. 1, 2003, unless further extended.  The
offer was previously scheduled to expire at 5:00 p.m. EST, on Oct. 30, 2003.  At
that time, Dana shareowners had tendered and not withdrawn approximately
2,284,396 shares pursuant to ArvinMeritor's tender offer.

ArvinMeritor's offer represents a premium of 56 percent over Dana's closing
stock price on June 3, 2003, the last trading day before ArvinMeritor submitted
its first proposal to Dana in writing, a premium of 39 percent over Dana's
average closing stock price for the 30 trading days before ArvinMeritor publicly
announced its intention to commence a tender offer, and a premium of 25 percent
over Dana's closing stock price on July 7, 2003, the last trading day before
ArvinMeritor publicly announced its intention to commence a tender offer.

ArvinMeritor, Inc. is a premier $7-billion global supplier of a broad range of
integrated systems, modules and components to the motor vehicle industry.  The
company serves light vehicle, commercial truck, trailer and specialty original
equipment manufacturers and related aftermarkets.  In addition, ArvinMeritor is
a leader in coil coating applications.  The company is headquartered in Troy,
MI, and employs 32,000 people at more than 150 manufacturing facilities in 27
countries.  ArvinMeritor's common stock is traded on the New York Stock Exchange
under the ticker symbol ARM.  For more information, visit the company's Web site
at: http://www.arvinmeritor.com/.

The solicitation and offer to purchase is made only pursuant to the Offer to
Purchase and related materials that ArvinMeritor and Delta Acquisition Corp.
filed with the Securities and Exchange Commission on July 9, 2003. Investors and
security holders are advised to read such documents because they include
important information. Investors and security holders may obtain a free copy of
such documents at the SEC's website at http://www.sec.gov/, from ArvinMeritor at
2135 W. Maple Road, Troy, MI 48084, Attn: Investor Relations, or by contacting
Mackenzie Partners, Inc. at [phone] collect or at [phone]
toll-free or by email at . 

DATASOURCE: ArvinMeritor, Inc.



CONTACT:  Media - Lin Cummins, [phone],

, or Investors - Alice McGuire, [phone],

, both of ArvinMeritor, Inc.; or Dan Katcher or

Ellen Barry of Joele Frank, Wilkinson Brimmer Katcher, [phone], for

ArvinMeritor, Inc.



Web site:  http://www.arvinmeritor.com/ 

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