Dana Corporation Combines Two Business Units to Better Leverage its Resources for Automotive Customers
March 22 2004 - 1:38PM
PR Newswire (US)
Dana Corporation Combines Two Business Units to Better Leverage its
Resources for Automotive Customers TOLEDO, Ohio, March 22
/PRNewswire-FirstCall/ -- Dana Corporation announced today the
combination of its Automotive Systems Group and Engine and Fluid
Management Group into a single business unit. The new unit, which
will retain the Automotive Systems Group name, will enable Dana to
better focus its strengths and resources on its global,
light-vehicle customers. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) Mike Laisure,
president of the former Engine and Fluid Management Group, will
lead the newly combined Automotive Systems Group. This business
unit will bring together Dana's light-vehicle driveline and
powertrain product offerings, as well as its related systems
assembly, management, and integration services. "This move supports
Dana's continuing actions to align our resources with the needs of
our global customer base -- and to integrate our light-vehicle
sales and marketing teams into one, customer-aligned, global
organization," said Dana Chief Executive Officer Michael J. Burns.
"We believe that improved customer focus will enhance our ability
to grow our top line, which in turn, will contribute to improved
bottom-line performance as well. "Mike Laisure's extensive product
knowledge and process experience, as well as his solid customer
relationships, make him ideally suited to lead the development and
growth of this group," Mr. Burns added. In a further move,
Danaannounced that Nick Cole is assuming responsibility for its
Structural Solutions business, in addition to his responsibilities
as president of the Heavy Vehicle Technologies and Systems Group.
"Nick Cole has been deeply involved in our structures business
during his 35-year career with Dana. He is the ideal person to lead
the business through this challenging growth period of new product
launches," Mr. Burns said. Dana Corporation is a global leader in
the design, engineering, and manufacture of value-added products
and systems for automotive, commercial, and off-highway vehicles.
Delivering on a century of innovation, the company's continuing
operations employ approximately 45,000 people worldwide dedicated
to advancing the science of mobility.Founded in 1904 and based in
Toledo, Ohio, Dana operates technology, manufacturing, and
customer-service facilities in 30 countries. Sales from continuing
operations totaled $7.9 billion in 2003. Dana's Internet address is
http://www.dana.com/ .
http://www.newscom.com/cgi-bin/prnh/19990903/DANA
http://photoarchive.ap.org/ DATASOURCE: Dana Corporation CONTACT:
Gary Corrigan of Dana Corporation, +1-419-535-4813, or Web site:
http://www.dana.com/ Company News On-Call:
http://www.prnewswire.com/comp/226839.html
Copyright
Dana (NYSE:DCN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Dana (NYSE:DCN)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Dana Cp (New York Stock Exchange): 0 recent articles
More Dana Cp News Articles