TOLEDO, Ohio, June 27 (Reuters) - Dana Corp. , a leading auto parts maker, said on Thursday it sold part of its Dana Credit Corp. equipment leasing and financing unit to a London-based investment group for $69 million. The divestiture of Dana Credit, due to be completed by the end of the year, is part of a previously announced restructuring under which Dana will close or consolidate about 30 of its plants worldwide and lay off about 15 percent of it work force. "We had said all along ...
Premium Content (PAID Subscription Required)
"Auto parts maker Dana sells part of DCC subsidiary" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.