Dana Corp. plans to slash 3,000 production jobs due to weak aftermarket sales, cutbacks in vehicle production and unfavorable foreign exchange rates. The Toledo, OH-based supplier last week said it was reducing this year's capital spending estimate from $550 million to $400 million and warned that earnings per share likely would be 41 to 46 cents lower than analysts' expectations. Dana says it was hit particularly hard by the three-week, Firestone tire-related shutdown at three Ford Motor ...

Premium Content (PAID Subscription Required)

"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
•Medium- andheavy-duty truck volumes
•Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

Already registered? here.