Exhibit 99.1

Dana Reports Third-Quarter 2014 Results;

Raises EPS Guidance, Affirms Full-Year Margin and Free Cash Flow Targets

MAUMEE, Ohio, Oct. 23, 2014 – Dana Holding Corporation (NYSE: DAN) today announced results for the third quarter of 2014, which included higher net income over the same period last year.

Sales for the quarter were $1.64 billion, $32 million lower than the same period in 2013. The effects of weaker currencies, principally in South America, reduced sales by $35 million in the quarter. Sales were favorably impacted by stronger production levels in the North American light- and commercial-vehicle markets, while continued weakness in global off-highway end-markets and further softening in South America demand across all end markets lowered sales when compared with last year.

Net income for the quarter improved to $90 million, an increase of 32 percent over the $68 million recorded in the same period in 2013. Lower intangibles amortization, pension expense, and restructuring charges partially offset by higher net interest expense were the primary factors benefiting the comparison in the quarter. Diluted adjusted earnings per share (EPS) were $0.57, compared with $0.47 in the third quarter of 2013, reflecting a lower share count from the continued execution of the company’s share repurchase program.

Adjusted EBITDA for the quarter was $198 million, equal to 2013 results, while Adjusted EBITDA as a percent of sales improved 20 basis points to 12.1 percent. Operational performance, cost recoveries, and favorable pension expense more than offset the effects of unfavorable currency – including additional Venezuela bolivar devaluation charges of $3 million – and volume and mix in the quarter.

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Dana generated strong free cash flow of $61 million in the quarter, compared with $54 million in 2013. During the quarter, the company utilized $68 million to repurchase common shares in the open market under its expanded share repurchase program. As of June 30, 2014, cash and marketable securities totaled $1.27 billion.

“Dana’s third-quarter performance was largely in-line with our expectations, though continued weakness in demand in a few of our end-markets and unfavorable currency movements resulted in sales being slightly lower than last year. We continued to improve our earnings performance in the quarter, driving higher net income and adjusted EBITDA margins compared with last year, as well as generating favorable free cash flow and returning capital to our shareholders under our share repurchase program,” said President and Chief Executive Officer Roger Wood. “While we expect currency headwinds and volatility in some of our end markets to continue through the remainder of the year, we are confident in our ability to deliver on the performance of the business as we execute our plan and focus on the successful launch of new customer programs over the next several quarters.”

Business Unit Results for the Third Quarter

Light Vehicle Driveline Technologies

Sales were $608 million in the third quarter of 2014, compared with $629 million last year. Increased end-market demand for light trucks in North America and Europe was tempered by unfavorable currency effects, as well as weaker demand principally in South America. Segment EBITDA for the quarter was $70 million, or 11.5 percent of sales, compared with segment EBITDA of $67 million or 10.7 percent of sales in the third quarter of 2013. Continued actions to recover both currency and inflation impacts in South America were the primary drivers of the increase.

Commercial Vehicle Driveline Technologies

Sales were $487 million in the third quarter of 2014, compared with $465 million last year. Segment EBITDA for the third quarter of 2014 was $47 million, or 9.7 percent of sales, compared with last year’s segment EBITDA of $52 million. Volume improvements in North America continued to be offset by the impact of significantly lower demand in Brazil. Lower South America demand, certain supply-chain initiatives impacting the near-term efficiency of North American operations, and adjustments to warranty reserves for prior model year product were the principal factors impacting segment EBITDA comparisons in the quarter.

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Off-Highway Driveline Technologies

Sales were $283 million in the third quarter of 2014, compared with $318 million last year. Consistent with the first half of this year, weakness in global mining and agricultural equipment demand has persisted. In the current quarter, developing weakness in construction equipment demand also weighed on the sales comparisons. Segment EBITDA for the third quarter of 2014 was $40 million, or 14.1 percent of sales, a margin improvement of 150 basis points when compared with last year, reflecting the impact of continued cost reduction actions.

Power Technologies

Sales were $259 million in the third quarter of 2014, compared with $257 million last year, reflecting continued stronger market demand in both North America and Europe that was partially tempered by unfavorable currency. Segment EBITDA for the third quarter of 2014 was $37 million, or 14.3 percent of sales, compared with 15.2 percent of sales last year, largely driven by volume and mix and pricing.

Share Repurchase Program Actions

On July 30, 2014, Dana increased its existing share repurchase program by $400 million for a total of $1.4 billion since the program was initially announced in October 2012.

In the third quarter of 2014, Dana repurchased 3 million shares of its common stock, returning $68 million to shareholders. Since the inception of the program in 2012, Dana has returned $1.01 billion in share repurchases and redemptions.

Company Refines Guidance, Raises EPS and Affirms Margin and Free Cash Flow Targets

Dana has raised its guidance for diluted adjusted EPS while refining its full-year sales and adjusted EBITDA targets to reflect continued weakness in a few key end markets and unfavorable currency movements. Adjusted EBITDA margin and cash-flow targets remain unchanged:

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Dana Continues to Introduce Industry-Leading Technologies

In September, Dana rolled out several new industry-leading technologies to the marketplace that help improve performance, increase fuel economy, and reduce cost of ownership. This includes a new family of single-reduction drive axles that will be engineered on a flexible platform supporting production in North America and Western Europe, as well as emerging markets. The customizable line of axles leverages Dana’s industry-leading Spicer^® AdvanTEK^® technology to reduce weight, improve efficiency, and enhance durability.

The company also announced its Long^® brand of exhaust gas heat recovery (EGHR) technology, which is 50 percent lighter than competing devices and helps vehicle manufacturers improve fuel economy by up to 3 percent while reducing emissions.

Finally, the first internal axle system of its kind for powered commercial vehicles – the Spicer^® optimized tire pressure system – will help to automatically maintain proper inflation for drive and steer axles, significantly increasing vehicle fuel efficiency while reducing maintenance and cost.

Transmission Technology Named Finalist for Automotive News PACE Awards

Earlier this month, Dana announced that its Victor Reinz^® multi-layer steel (MLS) transmission separator plate technology was selected as a finalist for the 2015 Automotive News PACE Awards. The innovative plates improve sealing, efficiency, and durability for advanced multi-speed, dual-clutch, and continuously variable transmissions.

These plates replace traditional single-layer valve body plates that use paper gaskets and are capable of withstanding three times the sealing pressure of traditional plates. By leveraging its industry-leading expertise in MLS cylinder-head gasket technology, Dana was able to develop a new, more durable product that optimizes channel paths and smaller valve bodies through the reduction of fasteners that can interfere with desired flow paths.

The PACE awards recognize superior innovation, technological advancement, and business performance among automotive suppliers, and serves as a benchmark award program for automotive innovation.

Dana to Host Conference Call at 11 a.m. Today

Dana will discuss its third quarter in a conference call at 11 a.m. EDT today. Participants may listen to the conference call via audio streaming online or telephone. Slide viewing is available via Dana’s investor website: www.dana.com/investors. United States and Canadian locations should dial 1-888-311-4590 and international locations should call 1-706-758-0054, and enter 15904366. Please ask for the “Dana Holding Corporate Financial Webcast and Conference Call.” Phone registration will be available starting at 10:30 a.m.

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An audio recording of the webcast will be available after 7 p.m. today; dial 1-855-859-2056 (U.S. or Canada) or 1-404-537-3406 (international) and enter 15904366. A webcast replay will be available after 7 p.m. today, and may be accessed via Dana’s investor website.

Non-GAAP Financial Information

This release refers to adjusted EBITDA, a non-GAAP financial measure, which we have defined as earnings from continuing and discontinued operations before interest, taxes, depreciation, amortization, equity grant expense, restructuring expense and other nonrecurring items (gain/loss on debt extinguishment or divestitures, impairment, etc.). Adjusted EBITDA is a primary driver of cash flows from operations and a measure of our ability to maintain and continue to invest in our operations and provide shareholder returns. Adjusted EBITDA should not be considered a substitute for income (loss) before income taxes, net income (loss) or other results reported in accordance with GAAP. Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies.

Diluted adjusted EPS is a non-GAAP financial measure, which we have defined as adjusted net income divided by adjusted diluted shares. We define adjusted net income as net income (loss) attributable to the parent company, excluding any nonrecurring income tax items, restructuring and impairment expense, amortization expense and other nonrecurring items (as used in adjusted EBITDA), net of any associated income tax effects. We define adjusted diluted shares as diluted shares as determined in accordance with GAAP based on adjusted net income. This measure is considered useful for purposes of providing investors, analysts, and other interested parties with an indicator of ongoing financial performance that provides enhanced comparability to EPS reported by other companies. Diluted adjusted EPS is neither intended to represent nor be an alternative measure to diluted EPS reported under GAAP.

Free cash flow is a non-GAAP financial measure, which we have defined as cash provided by (used in) operating activities, less purchases of property, plant, and equipment. We believe this measure is useful to investors in evaluating the operational cash flow of the company inclusive of the spending required to maintain the operations. Free cash flow is neither intended to represent nor be an alternative to the measure of net cash provided by (used in) operating activities reported under GAAP. Free cash flow may not be comparable to similarly titled measures reported by other companies.

The accompanying financial information provides reconciliations of adjusted EBITDA, diluted adjusted EPS, and free cash flow to the most directly comparable financial measures calculated and presented in accordance with GAAP.

Please reference the “Non-GAAP financial information” accompanying our quarterly earnings conference call presentations on our website at www.dana.com/investors for our GAAP results and the reconciliations of these measures, where used, to the comparable GAAP measures.

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Forward-Looking Statements

Certain statements and projections contained in this news release 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 news release speak only as of this date. Dana does not undertake any obligation to revise or update publicly any forward-looking statement for any reason.

About Dana Holding Corporation

Dana is a global leader in the supply of highly engineered driveline, sealing, and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains. Serving three primary markets – passenger vehicle, commercial truck, and off-highway equipment – Dana provides the world’s original-equipment manufacturers and the aftermarket with local product and service support through a network of nearly 100 engineering, manufacturing, and distribution facilities. Founded in 1904 and based in Maumee, Ohio, the company employs 23,000 people in 26 countries on six continents. In 2013, Dana generated sales of $6.8 billion. For more information, please visit dana.com.

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DANA HOLDING CORPORATION

Consolidated Statement of Operations (Unaudited)

For the Three Months Ended September 30, 2014 and 2013

DANA HOLDING CORPORATION

Consolidated Statement of Operations (Unaudited)

For the Nine Months Ended September 30, 2014 and 2013

DANA HOLDING CORPORATION

Consolidated Statement of Comprehensive Income (Unaudited)

For the Three Months Ended September 30, 2014 and 2013

DANA HOLDING CORPORATION

Consolidated Statement of Comprehensive Income (Unaudited)

For the Nine Months Ended September 30, 2014 and 2013

DANA HOLDING CORPORATION

Consolidated Balance Sheet (Unaudited)

As of September 30, 2014 and December 31, 2013

DANA HOLDING CORPORATION

Consolidated Statement of Cash Flows (Unaudited)

For the Three Months Ended September 30, 2014 and 2013

DANA HOLDING CORPORATION

Consolidated Statement of Cash Flows (Unaudited)

For the Nine Months Ended September 30, 2014 and 2013

DANA HOLDING CORPORATION

Segment Sales & Segment EBITDA (Unaudited)

For the Three Months Ended September 30, 2014 and 2013

DANA HOLDING CORPORATION

Segment Sales & Segment EBITDA (Unaudited)

For the Nine Months Ended September 30, 2014 and 2013

DANA HOLDING CORPORATION

Reconciliation of Segment and Adjusted EBITDA

to Net Income (Unaudited)

For the Three Months Ended September 30, 2014 and 2013

DANA HOLDING CORPORATION

Reconciliation of Segment and Adjusted EBITDA

to Net Income (Unaudited)

For the Nine Months Ended September 30, 2014 and 2013

DANA HOLDING CORPORATION

Diluted Adjusted EPS (Unaudited)

For the Three Months Ended September 30, 2014 and 2013

DANA HOLDING CORPORATION

Diluted Adjusted EPS (Unaudited)

For the Nine Months Ended September 30, 2014 and 2013