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The Dana Corporation, a maker of axles for light trucks, said yesterday that it would form a joint venture with the Dongfeng Motor Company to create the largest maker of axles and components in China.
DANA CORP., Toledo, Ohio, a maker of axles for light trucks, agreed to sell its FTE unit, a brake and clutch maker, to HgCapital, London.
One of the nation's largest manufacturers of axles, brakes and other automobile components, Dana cited an inability to negotiate new loans as a major reason for its filing.
DANA CORP., Toledo, Ohio, the maker of axles for light trucks, said it would sell its vehicle cylinder lining business to a unit of Grupo Carso S.A., Mexico City, a retail and industrial conglomerate.
Dana, the world's largest maker of axles for light trucks, added fuel to mounting speculation about a potential bankruptcy filing when it missed a semi-annual bond payment of $21 million due today.
DANA CORP., Toledo, Ohio, a maker of axles for light trucks, said it would sell three nonautomotive businesses to the Riverside Co., New York, a leveraged buyout firm, to focus on selling car and truck parts.
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A number-of-axles check that calculates the average number of axles per vehicle class is also introduced herein.
It smelled of grain and of harness dressing and of axle grease..
There was a sudden smell of axle grease, and the ticky-tacky cars surged back and forth.
The machines were greased continuously to make them run smooth with a combination of axle grease and animal fat, which dripped down to the basement.
According to a federal complaint, Jerry Lee Latimore, a Visteon employee, and Luther Gregory Gilford stole confidential documents from Visteon, an auto parts maker, pertaining to the pricing of axle components.
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