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Dana reports $25 million February loss from continuing operations
By Caroline Salls
Pittsburgh, March 30 - Dana Corp. reported a $25 million loss from continuing operations for February on $690 million in net sales, according to its monthly operating report filed Friday with the Securities and Exchange Commission.
The net loss for the month was $26 million.
Cash and cash equivalents on Feb. 28 were $945 million.
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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