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Dana Corporation Announces Dissolution of Engine Bearings Joint Venture and Sale of Fuel-Rail Business.

Publication: PR Newswire
Publication Date: 01-SEP-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOLEDO, Ohio, Sept. 1 /PRNewswire-FirstCall/ -- Dana Corporation announced today that it has completed two transactions that support the company's focus on its core businesses and markets.

(Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA)

Dana and The Daido Metal Company have dissolved their joint venture, which manufactured engine bearings and related materials in Atlantic, Iowa, and Bellefontaine, Ohio. Dana previously had a 70-percent interest in the joint venture, which was consolidated for financial reporting purposes. Dana now has assumed full ownership of the Atlantic...

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