Tuesday, Oct 25, 2016
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Dana seeks extension for bankruptcy-exit plan

Toledo's Dana Corp. is asking U.S. Bankruptcy Court in New York for a six-month extension to file its plan to emerge from Chapter 11 bankruptcy protection.

The auto supplier, which filed for protection March 3, said in court papers it has made progress with the bankruptcy but wants to postpone until Jan. 3 its deadline to file a reorganization plan. Dana said it cannot develop the plan until completing other tasks, including selling businesses that include factories in Upper Sandusky, Wharton, and Archbold.

A hearing on the request is scheduled for June 28.

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