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…

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