Sales down 12% at Dana

ERJ staff report (LMH)

Maumee, Ohio — Dana Holding Corp., has reported a 12-percent decrease in sales in the third quarter, hitting $1.7 billion.

The company, which makes tyre pressure management systems and other automotive technologies, said softening North America demand across the company’s significant commercial vehicle customers and continued weakness in South America impacted year-to-year sales comparisons by about $95 million.

The company recorded third-quarter net income of $56 million, down by 49 percent from the same period in 2011. Year-to-date net income was…

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