USA: DANA to Grow Global Axle & Transaxle Technology
Dana Corporation (NYSE: DCN) today announced that it has signed a definitive agreement to purchase an interest in GETRAG Getriebe- und Zahnradfabrik Hermann Hagenmeyer GmbH & Cie, a manufacturer of transmissions, transaxles, axles, and other automotive components. Headquartered in Ludwigsburg, Germany, the company had sales of $750 million in 1999. Financial terms of the agreement were not disclosed.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable