Dana To Sell Trailer Axle Manufacturing Business
Sep 11, 2006 2:07 PM
Dana Heavy Vehicle Products President Nick Stanage said the asset sale will support the company's efforts to focus more intently on its core commercial vehicle drivetrain product lines.
"This divestiture will benefit our Commercial Vehicle group by concentrating its resources on our core products and competencies - namely drive and steer axles, driveshafts, brakes and tire inflation systems for commercial vehicles," he said.
"We view this transaction as a strategic opportunity for both Dana and the buyer. This is a good business that has the opportunity to become even better by teaming with a company that considers trailer products a core pursuit and has the resources to further develop this group's capabilities to address this market segment."
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