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Proc-Type: 2001,MIC-CLEAR
Originator-Name: keymaster@town.hall.org
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MIC-Info: RSA-MD5,RSA,
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 QFxiEBVfNPGT0L7GzPYTtg==

<IMS-DOCUMENT>0000950152-94-000972.txt : 19941014
<IMS-HEADER>0000950152-94-000972.hdr.sgml : 19941014
ACCESSION NUMBER:		0000950152-94-000972
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19940923
ITEM INFORMATION:		Other events
FILED AS OF DATE:		19940923
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DANA CORP
		CENTRAL INDEX KEY:			0000026780
		STANDARD INDUSTRIAL CLASSIFICATION:	3714
		IRS NUMBER:				344361040
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-01063
		FILM NUMBER:		94550104

	BUSINESS ADDRESS:	
		STREET 1:		4500 DORR ST
		CITY:			TOLEDO
		STATE:			OH
		ZIP:			436997
		BUSINESS PHONE:		4195354500

	MAIL ADDRESS:	
		STREET 1:		PO BOX 1000
		CITY:			TOLEDO
		STATE:			OH
		ZIP:			43697
</IMS-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>DANA CORPORATION 8-K
<TEXT>

<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C.  20549





                                    FORM 8-K

                                 CURRENT REPORT





PURSUANT TO SEC. 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  September 1, 1994 
                                                  -------------------


                               Dana Corporation                   
                      -----------------------------------
             (Exact name of registrant as specified in its charter)


    Virginia                1-1063                         34-4361040    
- - -----------------       ---------------                ------------------
(State or Other     (Commission File Number)              (IRS Employer
Jurisdiction of                                        Identification No.)
 Incorporation)


               4500 Dorr Street, Toledo, Ohio               43615          
            --------------------------------------------------------
            (Address of principal executive offices)      (Zip Code)



Registrant's telephone number, including area code:    (419) 535-4500   
                                                   ----------------------
<PAGE>   2
ITEM 5.         OTHER EVENTS.  On September 1, 1994, Dana Corporation issued
the following press release to Business Wire, for immediate release to national
newspapers and news wire services:

                        "KOLBENSCHMIDT AGREEMENT EXPIRES

"Dana Corporation today announced that its offer to acquire approximately 47%
of the shares of Kolbenschmidt AG from Metallgesellschaft AG has expired
without the parties having reached an agreement.  The parties had originally
signed a Letter of Intent for this transaction in March, 1994.

"Southwood J. Morcott, Dana Chairman and Chief Executive Officer, said, 'Dana
continues to closely follow developments in connection with the ownership of
Kolbenschmidt and has a continuing interest in certain aspects of the
Kolbenschmidt business.'

"'Dana will also continue to look at other opportunities to pursue its
objectives of obtaining 50 percent of its sales from distribution markets and
50 percent of its sales from outside the U.S.,' he added.

"Dana Corporation, a Fortune 100 company, is a global leader in the
engineering, manufacturing, and marketing of products and systems for the
worldwide vehicular, industrial and mobile off-highway original equipment
markets and is a major supplier to the related aftermarkets.  The company
manufactures and distributes drivetrain components, engine and chassis parts,
structural components, fluid power systems and power transmission products.
Dana also owns Dana Commercial Credit, a leading provider of lease financing
services.

"Dana, incorporated in 1905 and based in Toledo, Ohio, operates facilities in
27 countries with 36,000 people and sales of $5.5 billion in 1993."


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                    Dana Corporation                
                                    --------------------------------
                                    (Registrant)

Date:  September 23, 1994           By:  /s/ Martin J. Strobel         
                                         ------------------------------
                                         Martin J. Strobel
                                         Vice President, General Counsel and
                                         Secretary
</TEXT>
</DOCUMENT>
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