Dana posts $126 million first-quarter loss

Newswire

CHICAGO, May 31 (Reuters) - Bankrupt auto and truck parts maker Dana Corp on Wednesday reported a first-quarter net loss of $126 million as it took charges for reorganization and losses in discontinuing operations. The loss amounted to 84 cents per share, compared with a profit of $16 million, or 11 cents per share, a year earlier, Toledo, Ohio-based Dana said. Net sales rose to $2.2 billion in the quarter, from $2.15 billion, a year earlier. Dana and 40 of its U.S. subsidiaries filed ...

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