Dana Files for Chapter 11 Bankruptcy
Dana Corp. filed for Chapter 11 bankruptcy Friday. Blogger was down, so I couldn't report it then. Interestingly, out of 46,000 employees, only 7,200 are unionized according to the article linked below from thecarconnection.com.
The recent surge in supplier bankruptcies has caused suprisingly little interruption of component supply to US auto makers. Still, one wonders how many more straws can be piled upon the camel's back.
href="http://www.thecarconnection.com/Auto_News/Auto_News/Dana_Plunges_Into_Bankruptcy.S175.A10113.html">Dana Plunges Into Bankruptcy - The Car Connection
Monday, March 06, 2006
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