Dana to restate earnings for past six quarters in pricing correction

Oct 10, 2005 | 01:40 PM |

Automotive components manufacturer Dana Corp. said it will restate its financial statements for 2004 and the first half of 2005, mainly to correct customer pricing and supplier transaction accounting problems in its commercial vehicles business.

Executives said the Toledo, Ohio,-based company also had postponed its third-quarter 2005 earnings release scheduled for Oct. 19 and was withdrawing earlier guidance on earnings prospects for the full year. No new date has been set for the release....

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