<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>ex99-2.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
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                                                                    EXHIBIT 99.2


                   STANDARD MOTOR PRODUCTS, INC. COMPLETES THE

                ACQUISITION OF DANA'S ENGINE MANAGEMENT DIVISION

     New York, NY, June 30, 2003......Standard Motor Products, Inc. (NYSE:SMP),
an automotive replacement parts manufacturer and distributor, announced today
that they have completed their previously announced acquisition of Dana
Corporation's Engine Management Division for approximately $121 million.

     Lawrence Sills, Standard Motor Products, Chairman and Chief Executive
Officer, said, "We are pleased to have completed the acquisition and are ready
to begin our integration program. This acquisition will almost double our
existing Engine Management net sales and increase overall Standard Motor
Products net sales by approximately 50%. Once the transition period is complete,
which we anticipate may take up to 18 months, we believe this acquisition will
allow us to deliver meaningful increases to our earnings and cash flow."

     "Dana's division has a long and valued history, with some of the best brand
names and most prestigious customers in the industry. We will be maintaining the
brand names and look forward to working with the customers in the months and
years ahead."

     The consideration to Dana is comprised of $90.8 million cash, a $15.1
million seller note, and $15.1 million of SMP common stock.

     James Burke, Standard Motor Products, Chief Financial Officer, said, "We
are very pleased to have successfully completed our equity offering of 5,750,000
shares of SMP stock last week for gross proceeds of $60.4 million. In addition,
on June 30 our syndicate of lenders increased our existing revolver by $80
million to $305 million. The combination of the equity offering, increased
revolver and seller financing offers SMP sufficient liquidity to amalgamate the
businesses over the next 18 months."

     The acquisition purchase price is subject to a post-closing adjustment
based upon the net book value of the acquired assets less the net book value of
the assumed liabilities as of the close of business on June 30, 2003.

     The press release does not constitute an offer of securities for sale.

     Under the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, Standard Motor Products cautions investors that any
forward-looking statements made by the company, including those that may be made
in this press release, are based on management's expectations at the time they
are made, but they are subject to risks and uncertainties that may cause actual
results, events or performance to differ materially from those contemplated by
such forward-looking statements. Among the factors that could cause actual
results, events or performance to differ materially from those risks and
uncertainties discussed in this press release, and detailed from time-to-time in
prior press releases and in the company's filings with the Securities and
Exchange Commission, including the company's annual report on Form 10-K and
quarterly reports on Form 10-Q. By making these forward-looking statements,
Standard Motor Products undertakes no obligation or intention to update these
statements after the date of this release.


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