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Dana posts $35 million September income from operations
By Caroline Salls
Pittsburgh, Nov. 8 - Dana Corp. reported a $35 million income from operations for September on $732 million in net sales, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.
In August, the company posted a $110 million loss from operations on $739 million in net sales.
The net income for September was $23 million, improved from a $103 million August net loss.
Cash and cash equivalents at Sept. 30 were $1.035 billion, compared with $1.071 billion at the end of August.
Dana, a Toledo, Ohio-based supplier of components, modules and systems to vehicle manufacturers and related aftermarkets, filed for bankruptcy on March 3, 2006 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 06-10354.
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