Dana says aftermarket unit sale still in works

Newswire

CHICAGO, June 30 (Reuters) - Auto parts maker Dana Corp. said on Wednesday it was still negotiating the sale of its replacement parts division even as its target date for completing a deal arrived. The 100-year-old maker of axles, brakes and engine parts had said previously it hoped to sell the unit, which makes replacement components for 95 percent of the world's cars, by June 30. "We're making good progress, and we will announce a sale when a sale is done," said Dana spokesman Gary ...

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