UPDATE 1-Dana cuts outlook on materials costs, output cuts


(Adds details from release, regulatory filing, background) CHICAGO, March 23 (Reuters) - Auto and truck parts supplier Dana Corp. on Wednesday cut its first-quarter and full-year earnings outlook, citing higher-than-expected raw materials costs and lower-than-expected light vehicle output. Dana, whose shares slumped 5 percent to a 20-month low, said a component shortage from a supplier hurt heavy-duty axle shipments in the first quarter, but conditions are expected to improve ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Dana cuts outlook on materials costs, output cuts" 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
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×