Dana cuts outlook on materials costs, output cuts

Newswire

CHICAGO, March 23 (Reuters) - Auto and truck parts supplier Dana Corp. on Wednesday cut its first-quarter and full-year earnings outlook, citing higher-than-expected raw materials costs and lower-than-expected U.S. light vehicle production. Dana said it now expects earnings of 11 cents to 13 cents a share for the first quarter, down from a prior company forecast of 17 cents to 23 cents. It expects full-year earnings of $1.30 to $1.45 per share, down from a prior forecast of $1.40 to $1.62. ...

Premium Content (PAID Subscription Required)

"Dana cuts outlook on materials costs, output cuts" 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!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

WardsAuto Blogs
Aug 21, 2014
blog

Michigan, Great Lakes Region Still Core of North American Production

The Great Lakes Region is well-positioned to remain a North American production hub for years, perhaps well into the next decade....More
Aug 19, 2014
blog

Dodge Undergoes Brand ‘Purification’

The brand moves from overall mainstream to so-called mainstream-performance....More
Aug 15, 2014
blog

Is Your Classic Car Worthy of Historical Register?

“If we had a local fruit truck from Birmingham here or local delivery truck that is still around, a local firetruck, that’s every bit as important as the Washington Monument on the national level. It’s all part of our heritage, and heritage starts local," Mark Gessler says....More

Sponsored Introduction Continue on to (or wait seconds) ×