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Industry: Email Alert RSS FeedNew Dana CEO has a tough job ahead.(News)(chief executive officer)(Brief Article)
Automotive News Europe, February, 2004 by Sherefkin, Robert
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Byline: Robert Sherefkin
When former General Motors Europe President Michael Burns becomes Dana Corp.'s CEO on March 1, he faces a formidable task.
The Toledo, Ohio, USA, supplier has struggled for the past three years to become a smaller, simpler, more profitable company focused on axles, frames and commercial vehicles.
And though Dana managed to survive a hostile takeover attempt last year, Burns still must prove to shareholders that they are better off with Dana as an independent company.
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That won't be easy. Dana's sterling credit ratings are a thing of the past, and ...
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