Dana posts higher sales, income for first quarter

From Rubber & Plastics News

Toledo, Ohio-Higher production volumes, new business programmes and benefits from restructuring efforts pushed Dana Corp. net income up 53.7 percent to $63 million for the first quarter.

Sales for the automotive company increased 17 percent to $2.3 billion from $2000 million last year.

The firm’s aftermarket business, which is targeted for divestiture by June 30, posted a 30-percent boost in income to $13 million from $10 million last year’s first quarter.

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