Dana cites costs for plan to close eight plants, downsize three others

Nov 10, 2006 | 03:26 PM | Philip Burgert

Automotive parts manufacturer Dana Corp., Toledo, Ohio, said it plans to close eight U.S. plants and downsize three others in the United States and Canada as part of its restructuring under Chapter 11 bankruptcy protection.

The company said in a filing with the U.S. Securities and Exchange Commission that it was also attempting to mitigate the impact of higher steel prices—which have increased the company's costs to the tune of about $160 million a year since 2003—and other....

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