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Dana to emerge from bankruptcy protection

TOLEDO, Ohio -- Dana Corp. is set to emerge from bankruptcy, having secured US$2 billion in funding that will allow...


TOLEDO, Ohio — Dana Corp. is set to emerge from bankruptcy, having secured US$2 billion in funding that will allow it to escape from Chapter 11 protection by the end of February.

“This is a significant step toward our emergence as a strong, financially stable company,” Mike Burns, CEO of Dana said yesterday.

Dana filed for bankruptcy protection in March, 2006.


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