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Dana reports $463 million loss, big sales drop

Dana Holding Corp. Wednesday morning reported a significant drop in sales last year and a loss of $463 million, compared to a profit of $3 million during 2008.

The Maumee automotive parts maker said its sales last year sunk 35 percent to $5.2 billion, down from $8.1 billion the year before.

For the fourth quarter of 2009, it had a loss of $244 million, or $2.02 a share, an improvement over the loss of $257 million, or $2.57 a share, for the same period of 2008.

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