Looking to hike its return on investment, Dana Corp. will be moving North American axle production out of existing plants and into nine facilities run by its Spicer Driveshaft Div., Dana Chairman Joseph Magliochetti says in an interview. The consolidation will begin by year's end, insiders say. The existing axle plants are expected to be used to make other products. Meanwhile, Mr. Magliochetti says Dana is increasing the number of joint ventures it has to get ready for a “growing age of ...

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