Dana posts $56 million March loss from continuing operations

By Caroline Salls

Pittsburgh, May 11 - Dana Corp. reported a $56 million loss from continuing operations for March on $786 million in net sales, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

In February, the company posted a $25 million loss from continuing operations on $690 million in net sales.

The net loss for March widened to $37 million from a net loss of $26 million in February.

Cash and cash equivalents on March 31 were $1.197 billion, compared with $945 million at the end of February.

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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