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- and heavy-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.