Sunday, Aug 28, 2016
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Dana settles dispute with Citation Corp.

WASHINGTON Dana Corp. has resolved a series of long-standing disputes with

Citation Corp. in a deal it said defuses the risk that one of its biggest suppliers might halt the shipment of parts used in Ford Motor Co. and Nissan Motor Co. automobiles.

In papers fi led with the U.S. Bankruptcy Court in Manhattan this week, the Toledo auto parts supplier said the deal sharply lowers the price it has paid for Citation parts used to make such automobile components as axle assemblies.

It also obligates Citation to pay Dana about $790,000 to settle quarrels involving past

overpayments.

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