Dana looks to divest fluid products business as part of strategic plan

Toledo, Ohio — Dana Corp. said it plans to divest its fluid products and two other non-core businesses as part of a strategic initiative to enhance the firm’s financial performance.

The divestitures are part of a plan that also includes operational restructuring (including plant closings), work force reductions and benefit cost reductions. The firm then will focus on its sealing, light- and heavy-vehicle drivetrain products, associated structures and thermal products.

Dana’s fluid products business consists of 16 operations that make hose and other goods for braking, power…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with