Dana Corp. agrees to sell its non-core internal engine parts business to Germany’s Mahle GmbH for about $157 million, including $98 million in cash. Closure of the deal, which affects about 5,000 workers at 39 facilities in 10 countries, is subject to customary closing conditions and approval by the U.S. Bankruptcy Court for the Southern District of New York. The company expects to finalize the transaction in first-quarter 2007. “This divestiture is an important step in implementing Dana’s ...
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!
Current subscribers, please login or CLICK for support information.