Sales rose slightly for Dana Holding Corp. in the fourth quarter to $1.62 billion on stronger demand from light and commercial vehicle customers.
Dana's net income fell to $42 million from $88 million in 2012; however, the 2012 results included a one-time tax benefit of $54 million. Dana's fourth quarter earnings translated to 23 cents per share, down from 41 cents per share in the fourth quarter of 2012.
Shares of the company's stock opened the day up 3 percent and in early trading were up as much as 6 percent.
For the year, Dana said net sales were $6.8 billion, down from $7.2 billion in 2012.
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