Chapter 11

25 April 2008

US: Off-highway transmission manufacturer Dana has filed for Chapter 11 bankruptcy protection from its US creditors. The bankruptcy filing applies only to its US businesses and does not directly affect its operations in Mexico, Canada, Asia, Europe and South America. Dana's troubles are linked to the weakness of the US car market. It is a major supplier to both Ford and General Motors, and falling car sales, combined with rising energy and materials costs have been cited as the root causes of its bankruptcy.

Construction
STAY CONNECTED



Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

CONNECT WITH THE TEAM
Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA