February 26, 2008 -- Dana Corporation just finished a worldwide restructuring program, closing with the American company Melling Engine Parts the sale of the fuel pump division of its Brazilian subsidiary (the investment group's only unit in the world), installed at Diadema, in the ABC ring of industrial satellite cities of Greater Sao Paulo. The value of the transaction was not revealed by the company.

In Brazil, the worldwide restructuring of Dana also involved the sale of the divisions Perfect Circle and Glacier Vandervel, which make piston rings, located at Gravati, in Rio Grande do Sul. These units were sold worldwide in December 2006 to the German company Mahle Metal Leve for US$157 million.

'With the sale of the fuel pumps divison, the last one remaining to conclude the process of restructuring the group in the world, Dana will centralize its businesses in the activities where it has the most know-how (the power products, like motor-transmission joints, chassis and torque and traction systems,' this publication was told by Paulo Nunes, Dana vice-president of business development for South America.

Source: Gazeta Mercantil