Thursday, May 24, 2018
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Dana seeks permission to drop supplier accord

Toledo automotive-parts maker Dana Corp. said yesterday a bankruptcy court should let it out of uneconomic, noncompetitive contracts with a supplier whose performance has been consistently abysmal.

Dana said it should be allowed to enter into cheaper, more-favorable contracts with

other suppliers even though it still has seven years left on a deal with Sypris Technologies Inc., a unit of Sypris Solutions Inc., of Louisville.

Dana contends that Sypris is trying to force it to assume an indisputably uneconomic, noncompetitive set of contracts.

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