Wednesday, Jul 27, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Local

Dana clears way for sale of British operations

Dana-clears-way-for-sale-of-British-operations

Enlarge

Dana Corp. cleared the way yesterday for the sale of some British operations by transferring pension liabilities to a newly formed company.

The move is required under British law to protect the benefits of retirees, Dana said in a statement. Dana said the action isn t related to its 2006 bankruptcy filing.

Dana is selling assets in an attempt to emerge from court protection. Dana intends to sell its engine-parts and fl uid-products businesses and retain its core axle and driveshaft businesses.

The units have operations around the world.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…