Dana could leapfrog driveline market with $6.1bn GKN tie-up

Toledo, Ohio — Dana and British supplier GKN agreed to a $6.1 billion (€4.9 billion) deal 9 March that would merge GKN’s automotive business into Dana and, the Ohio company says, enable it to leapfrog larger automotive driveline competitors such as Borg-Warner, Continental and ZF Friedrichshafen.

The potential deal must be approved by regulators and shareholders, but would create the industry’s largest driveline supplier with an estimated $14.2 billion in combined global sales in 2017.

The deal’s announcement comes as GKN — led by former Ford executive…

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