Dana Corporation Continues Discussions With Banks and Financial Institutions
27 Febbraio 2006 - 2:18PM
PR Newswire (US)
TOLEDO, Ohio, Feb. 27 /PRNewswire-FirstCall/ -- Dana Corporation
(NYSE:DCN) announced today that it continues to be in discussions
with banks and financial institutions regarding financing
alternatives and expects to reach a resolution within the next two
weeks. (Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA)
The company also announced that on Friday, Feb. 24, 2006, it
obtained a waiver of the minimum required corporate credit rating
under its accounts receivable securitization program. About Dana
Corporation Dana people design and manufacture products for every
major vehicle producer in the world. Dana is focused on being an
essential partner to automotive, commercial, and off-highway
vehicle customers, which collectively produce more than 60 million
vehicles annually. A leading supplier of drivetrain, chassis,
structural, and engine technologies, Dana employs 46,000 people in
28 countries. Based in Toledo, Ohio, the company reported sales of
$9 billion in 2004. Dana's Internet address is
http://www.dana.com/. Forward-Looking Statements Statements in this
release which are not entirely historical constitute
"forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements
represent Dana's expectations based on our current information and
assumptions. However, forward-looking statements are inherently
subject to risks and uncertainties. There can be no assurances
regarding the outcome of Dana's discussions with lenders regarding
financing alternatives. Dana does not undertake to update any
forward-looking statements in this release. First Call Analyst:
FCMN Contact: michelle.hards@dana.com
http://www.newscom.com/cgi-bin/prnh/19990903/DANA
http://photoarchive.ap.org/ DATASOURCE: Dana Corporation CONTACT:
Michelle Hards of Dana Corporation, +1-419-535-4636, or Web site:
http://www.dana.com/ Company News On-Call:
http://www.prnewswire.com/comp/226839.html
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