Mexican Media Brands
Dana’s Adjusted Quarterly Profit Jumps
Dana Holding Corp.'s net earnings in the fourth quarter of 2014 soared 81% to $68 million after adjusting for special items.
#economics
Share
Dana Holding Corp.'s net earnings in the fourth quarter of 2014 soared 81% to $68 million after adjusting for special items.
Quarterly revenue for the supplier of powertrain, sealing and thermal management products slipped 3% to $1.6 billion. When adjusted for currency effects, sales rose 4%. Adjusted EBITDA rose $4 million to $178 million.
For the full year, Dana's net income climbed 31% to $319 million. Revenue dipped 2% to $6.6 billion on unfavorable currency effects. Adjusted EBITA was unchanged at $746 million.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.