© 2010 Dana Limited. This presentation contains copyrighted and confidential information of Dana Holding Corporation and/or its subsidiaries. Those having access to this work may not copy it, use it, or disclose the information contained within it without written authorization of Dana Holding Corporation. Unauthorized use may result in prosecution.

Dana Holding CorporationCredit Suisse Automotive & Transportation Conference

Martin BryantPresident Light Vehicle Products

James YostExecutive Vice President & Chief Financial Officer

September 8, 2010

2 © Dana Limited

Safe Harbor StatementSafe Harbor StatementCertain statements and projections contained in this presentation are, by their nature, forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “intends,”“plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,”“could,” “potential,” “continue,” “ongoing,” similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Dana’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss important risk factors that could affect our business, results of operations and financial condition. The forward-looking statements in this presentation speak only as of this date. Dana does not undertake any obligation to revise or update publicly any forward-looking statement for any reason.

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Dana SnapshotDana Snapshot

Founded in 1904Based in Maumee, Ohio2009 sales: $5.2 billion21,000 employees*96 major facilitiesin 26 countries* Key products: axles, driveshafts, off-highway transmissions, sealing and thermal products Strong global brands

* As of 3/31/10

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Diverse Product Portfolio(Full Year 2009)Diverse Product Portfolio(Full Year 2009)

*includes Light Vehicle-Driveline, Power Technologies & Structures

Commercial Vehicle – 20% of SalesLight Vehicle* – 64% of Sales

Off Highway – 16% of Sales

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3% 3%3%3%3%

4%

4%

5%

5%48%

19%

Diverse Customer Portfolio(June Year-to-Date 2010 – excludes Structures)Diverse Customer Portfolio(June Year-to-Date 2010 – excludes Structures)

Ford

GM

PACCAR

Nissan

Navistar

Deere

Chrysler 

Hyundai

Daimler

All Other

Tata

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Diverse Regional Footprint(Full Year 2009)Diverse Regional Footprint(Full Year 2009)

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Strategic Growth PrioritiesStrategic Growth Priorities

Geographic expansion

Grow our Aftermarket business

Pursue growth opportunities in emerging markets in Asia-Pacific

Reinvigoration of our respective product portfolios

Winning business on key global automotive growth platforms

Create profitable and sustainable market share growth

Penetrating into China market through expansion of JV ownership

Hired After-Market Leader –developing long term growth strategy

Strategic Priority Recent Actions

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Winning New BusinessLight Vehicle DrivelineWinning New BusinessLight Vehicle Driveline

Awarded front and rear axles and driveshafts for a global pick-up truck program for a global automotive OEM

Awarded axle for Foton SUV and pick-up truck in China

Awarded front and rear suspension modules by Chrysler for a product in South America

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Winning New BusinessHeavy Vehicle DrivelineWinning New BusinessHeavy Vehicle Driveline

Awarded axle and driveshaft business in India for the Mahindra Navistar 25-tonne and 31-tonne trucks

Awarded exclusive supplier for axle and driveshaft business for the new Navistar TerraStar truck

Awarded axle business in Brazil for the MAN 9-ton light truck

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Implementing Dana Operating SystemImplementing Dana Operating System

Improved operational efficiencies and productivity through the Dana Operating System

• Provides global standards for values, processes, tools, and metrics

• Goals: – Perfect safety and quality– Optimal cost (including minimal waste and variation)– 100% on-time delivery to customers

The Dana Operating System delivers one world-class operating system globally

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Our Focus – 2010 and BeyondOur Focus – 2010 and Beyond

Continue operational improvements and restructuringManufacturing footprint, supply chain

Reduce complexity in the product and supply chain

Focus Dana on growing profitablyReinvigorate product portfoliosPursue attractive business opportunities globallySeek other geographic growth opportunities

Continue to improve margins and maintain strong balance sheet

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Financial Review

These financial review slides have been prepared from the most current available public information including Dana’s most recent Form 10-K or Form 10-Q filings and presentations

to analysts and investors, which can be accessed at www.dana.com/investors.

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Financial Summary($ in Millions)Financial Summary($ in Millions)

Q2 2010

Sales $ 1,526 $ 336 $ 18

Adjusted EBITDA 154 60 46

Income before Interest Expense 43 32 52And Income Taxes

Net Income (attributable to Dana) 9 9 40

Capital Spend 15 9 (4)

Free Cash Flow 137 64 103

Actual vs. Q1 2010vs. Q2 2009

See appendix for comments regarding the presentation of non-GAAP measures

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Strong Global Liquidity & Net Cash ($ in Millions)

Strong Global Liquidity & Net Cash ($ in Millions)

Net Cash / (Debt)

($56)

$120

12/31/09 6/30/10

Global Liquidity

12/31/09 6/30/10

Liquidity improved $215 million & Net Cash improved $176million

$ 1,128

$ 1,343

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Delivering Positive Free Cash Flow ($ in Millions)Delivering Positive Free Cash Flow ($ in Millions)

$(218)

$38

$(151)

$(50)

$(204)

$73

$145

$95

$34

$137

Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010

See appendix for comments regarding the presentation of non-GAAP measures

$(381)

$109

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Restructuring Actions Leading to Higher MarginsRestructuring Actions Leading to Higher Margins

Adjusted EBITDA as a Percent of Sales

5.8%

7.0%

2.4%

0.3%1.3%

7.9% 7.6% 7.7%7.2%

10.1%

Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 2010 2011

See appendix for comments regarding the presentation of non-GAAP measures

$2,312Revenue($ mm) $2,333 $1,929 $1,521 $1,216 $1,190 $1,329 $1,493

8 – 9%

$1,508

>10%

$1,526

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Adjusted EBITDA Margin ImprovementAcross All Business SegmentsAdjusted EBITDA Margin ImprovementAcross All Business Segments

3.6%

0.0%

5.5%

3.5%4.6%

9.0%

13.4%

9.3%8.5% 8.6%

Light VehicleDriveline

PowerTechnologies

CommercialVehicle

Off-Highway Dana

2009 2010

First Half 2010 vs. First Half 2009

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Global Vehicle ProductionDana Forecasts (Units in 000s)Global Vehicle ProductionDana Forecasts (Units in 000s)

SOURCE: IHS Global Insight, CSM Worldwide, Dana Estimates, ACT, FTR, Millmark

20102008 2009 Outlook

Dana Impact – Year-to-Year Revenue Increase of about 15%+ *

North AmericaLight Vehicle (Total) 12,650 8,550 10,900 – 11,400

Light Truck (excl. CUV/Minivan) 3,330 2,330 2,750 – 3,000 Medium Truck (Class 5-7) 157 97 106 – 129Heavy Truck (Class 8) 196 116 130 – 150Europe (including E. Europe)Light Vehicle 21,260 16,300 16,200 – 17,000Medium/Heavy Truck 749 298 329 – 372South AmericaLight Vehicle 3,800 3,650 4,100 – 4,400Medium/Heavy Truck 173 115 160 – 200Asia PacificLight Vehicle 28,700 28,500 31,000 – 33,000Medium/Heavy Truck 1,355 1,089 1,191 – 1,261Off-Highway – Global (year-over-year)Agricultural Equipment (35)% to (40)% +2% to +5% Construction Equipment (70)% to (75)% +10% to +15%

vs. Prior

* Includes market and net new business; Adjusted for impact of divestiture of structures business

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$475 - $525 million

2010 Financial Targets(Adjusted for Sale of Structures)2010 Financial Targets(Adjusted for Sale of Structures)

Compared with 2009Revenue (2009 adjusted for sale of structures business) Up 5 – 10%Pricing About flatConversion Cost Reductions (New) $65 – $85 million

TargetIncome from Continuing Operations (before interest & income taxes) PositiveAdjusted EBITDA About $450 million

Adjusted EBITDA as % of Sales 8 – 9 %Free Cash Flow PositiveCapital Spending $135 - $185 million

Net New Business $650 - $700 million (cumulative)

Plan *

We are on track to achieve Positive Net Income and >10% Adjusted EBITDA Margins in 2011

* As presented in December 2009, revised for the impact of the sale of the structures business

Present Outlook15% +

>$100 million$135 - $155

million

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SummarySummary

On track to achieve our 2010 PlanGrowth plans on track and continue to improve profitability of our core businessAchieved key business wins in the market place during the second quarterContinued solid financial performance with strong liquidity and balance sheet

2010 PlanContinue operational improvements and restructuring

Focus Dana on growing profitablyContinue to improve margins and maintain strong balance sheet

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One Dana. One Purpose.One Dana. One Purpose.

“Through our people, we create exceptional value for our

shareholders by delivering superior products and service to

our customers.”

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Non-GAAP Financial InformationNon-GAAP Financial InformationThe preceding slides refer to Adjusted EBITDA, which we’ve defined to be earnings before interest, taxes, depreciation, amortization, non-cash equity grant expense, restructuring expense and other nonrecurring items (gain/loss on debt extinguishment or divestitures, impairment, etc.). Adjusted EBITDA is a non-GAAP financial measure currently being used by Dana as the primary measure of its operating segment performance. The most significant impact to Dana’s ongoing results of operations as a result of applying fresh start accounting following our emergence from bankruptcy was higher depreciation and amortization. By using Adjusted EBITDA, which is a performance measure that excludes depreciation and amortization, the comparability of results was enhanced. Management also believes that Adjusted EBITDA is an important measure since the financial covenants of our primary debt agreements are Adjusted EBITDA-based, and our management incentive performance programs are based, in part, on Adjusted EBITDA.

Free cash flow is also a non-GAAP financial measure. which we have defined as Cash provided by operations (a GAAP measure) exclusive of any bankruptcy claim-related payments included therein, less capital spending. This measure is useful in evaluating the operational cash flow of the company inclusive of the spending required to maintain the operations.

Because these are non-GAAP measures, Adjusted EBITDA and Free cash flow should not be considered a substitute for Loss before Income taxes, Net loss, Cash provided by operations or other reported results prepared in accordance with GAAP.

Please reference the “Quarterly financial information and reconciliations of non-GAAP information”on our website at www.dana.com/investors for our GAAP results and the reconciliations of Adjusted EBITDA and free cash flow to the comparable GAAP measures.