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Automotive Industry

Dana and GETRAG to partner with Volvo

Automotive Industries, May, 2003

Dana Corp. and GETRAG Getriebe- und Zahnradfabrik Hermann Hagenmeyer GmbH & Cie KG (GETRAG) have signed a letter of intent with Volvo Car Corp. for a new Dana-GETRAG entity to purchase a 60-percent interest in Volvo's operations in Koping, Sweden.

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The joint venture with Volvo Car Corp. will produce all-wheel-drive and chassis systems for passenger cars and sport-utility vehicles. Plans for the new joint venture call for the operations in Koping to be streamlined to create a fully integrated, self-sufficient All-Wheel-Drive Center. The joint venture will act as a fully independent supplier and will market its services to Ford Motor Co., its affiliates and other automotive manufacturers around the world.

Automotive Industry

Dana and GETRAG to partner with Volvo

Automotive Industries, May, 2003

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