8/7/2009

The second quarter saw Dana Holding Corp. break even with income, compared with a $122 million loss for the same period last year. Earnings were $94 million, excluding interest, taxes, depreciation, amortization and restructuring. The bankruptcies of GM and Chrysler contributed to a drop in sales for the quarter. Dana also laid off 1,400 workers to bring production down to current demand for the automotive supplier.

Full Story:
The Detroit News

Related Summaries