Dana third-quarter earnings rise


CHICAGO, Oct 24 (Reuters) - Auto parts maker Dana Corp. said on Friday its quarterly earnings rose as a recent restructuring lowered costs. Toledo, Ohio-based Dana, which is fighting a hostile takeover bid from smaller rival ArvinMeritor Inc. , said its third-quarter net income rose to $61 million, or 41 cents a share, from $4 million, or 2 cents a share, a year ago.

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