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Dana reports 4th-quarter profit boost
Posted: 02.22.2013 at 6:55 AM
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Maumee-based  Dana Holding Corp. is reporting a huge profit in last year's fourth quarter.
 
The auto parts supplier made $80 million in the final quarter of 2012, up 27 percent from 2011.

For the year, Dana reported a profit of $269 million. In 2011 Dana earned $188 million.

"I am pleased with Dana's performance for 2012, despite end-market volatility in almost every region of the world," said company President and Chief Executive Officer Roger J. Wood.  "Our full-year results demonstrate a continued focus and execution on controllable levers across each of our business segments to adjust our cost structure in light of the market environment as well as disciplined investment, resulting in strong margin expansion and cash flow generation."

 

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