Dana Looks To Buy Plants From Credit Subsidiary
In a motion filed in the U.S. Bankruptcy Court for the Southern District of New York, Dana asked to repurchase plants in Stockton, Calif. and Danville, Ky. from Dana Commercial Credit Corp. The commercial credit company is owned by Dana Credit Corp., a Dana subsidiary that is not part of the bankruptcy proceedings.
In 2001, Dana decided to wind down DCCC’s operations....
To view the full article, register now.