Date: 2013-07-31

Wanxiang Acquire Dana's Coupled Products Business

Wanxiang Acquire Dana's Coupled Products Business

The Ohio-based automotive products maker Dana Corp., which filled for Chapter 11 bankruptcy protection last year, said it is selling some businesses to Wanxiang Holdings Corp..

Dana also said it received court approval from U.S. Bankruptcy Court in New York to sell its coupled products business to Coupled Products Acquisition L.L.C., a subsidiary of Hangzhou, China-based Wanxiang Holdings Corp. for a nominal price. Wanxiang Holdings is one of China

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