Sunday, October 04, 2015
Current Weather
Loading Current Weather....
Published: Wednesday, 11/23/2005

Dana, Mexican partner to dissolve joint venture

Dana Corp. and a Mexican partner plan to dissolve their joint venture, with the Toledo auto supplier assuming full ownership of five axle and driveshaft operations, Dana announced yesterday.

Under the agreement expected to be completed in the first quarter of 2006, DESC SA de CV will get full ownership of transmission and replacement gasket operations.

The Dana operations had combined sales of $290 million for the most recent 12 months. The facilities are in Mexico City and Queretaro, Mexico.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.