Auto parts supplier Dana's net falls

Newswire

TOLEDO, Ohio, Oct 25 (Reuters) - Automotive parts maker Dana Corp. on Friday said third-quarter earnings fell after the latest in a series of charges taken during a year-long restructuring campaign. Excluding those one-time costs, however, Dana, which makes axles, driveshafts, brakes and chassis among other parts, said its earnings exceeded most analysts' expectations, as the restructuring delivered cost savings. Dana's third-quarter net income was $4 million, or 2 cents a share, down ...

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