Dana Corp. and Desc S.A. de C.V. complete the dissolution of their Spicer S.A. de C.V. Mexican joint venture, providing Dana with full ownership of several core operations in Mexico, which will be folded into Dana Holding Mexico S.A. de R.L. de C.V. Dana will take full control of the JV’s drivetrain component operations, in which it previously held a 49% minority interest. The company also makes a cash payment of $19.5 million to Desc, which assumes full ownership of Spicer’s transmission ...
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