"UK-based Dana business to be sold to Turkish group
8th June 2007
The U.S. automotive supplier in Chapter 11, Dana Corporation, has received United States Bankruptcy Court approval for the sale of the two businesses that comprise the Fluid Products business that the company put on sale in late 2005.
Dana's fluid products hose and tubing business will be sold to Orhan Holding, A.S., a Turkish joint-venture partner of Dana, for a purchase price of $85 million, and the company's coupled products business will be sold to Coupled Products Acquisition LLC, a wholly-owned subsidiary of Wanxiang (USA) Holdings Corporation, for a nominal price."
More:UK-based Dana business to be sold to Turkish group - News - Auto Industry