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.
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