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Friday, March 30, 2007

Ohio auto parts maker sheds $70M tubing business to Turkish company

"Ohio auto parts maker sheds $70M tubing business to Turkish company

TOLEDO, Ohio – Dana Corp. agreed to sell its fluid-products hose and tubing business for $70 million to a Turkish company as it sheds operations while under bankruptcy protection.

The operations to be sold are located in Archbold, Ohio; Paris, Tenn.; Rochester Hills, Mich.; Vitry, France; San Luis Potosi, Mexico; Dolny Kubin, Slovakia; Barcelona, Spain; and Birmingham, U.K.

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