Dana Corp. completes the sale of its automotive aftermarket business to Affinia Group Inc. for about $1 billion. Affinia is an affiliate of private equity firm The Cypress Group. Some 52 facilities are included in the sale, employing 13,000 workers worldwide. Dana says the unit had annual sales of roughly $2 billion in 2003. Several premier replacement product brands, as well as some under-vehicle components, were included in the sale. Dana, however, will retain distribution and marketing ...
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