GLASGOW The Dana Holding Corporation is planning to close 10 plants by the end of 2010 due to low ve

GLASGOW The Dana Holding Corporation is planning to close 10 plants by the end of 2010 due to low vehicle production and decreased sales. Chuck Hartlage, corporate media relations director for the company, said in an e-mail that the closure of any other plants has not yet been set in stone. "In the coming months, we will be working with our union partners to evaluate all options with respect to consolidate production," Hartlage wrote. "When sites to be closed are finalized, we will communicate that to employees first and then make corresponding public announcements. At this point, we do not have a firm timetable car rental in toronto for this, though we will certainly move as quickly as possible." The corporation also plans to reduce its work force this year by 5,000. John Devine, executive chairman, said in a news release: "The economic and market challenges we've faced all year were particularly difficult in the third quarter. car rental in toronto The combination of lower industry volumes and peaking steel prices hit us sharply this quarter. We regret having to take such actions, but they are necessary to size the company to lower industry volumes." Devine said he is pleased with the progress employees have made in rebuilding the corporation after it filed for Chapter 11 bankruptcy in 2006 and emerged as Dana Holdings Corporation. "We have much to do, but our team is focused on the changes needed to reposition Dana for improved profitability and growth," Devine said. Dana Holdings Corp. reported third-quarter sales of $1,929 million, a 9 percent decrease compared with 2007. The net loss in the third quarter of 2007 was $69 million. In 2008, it was $126 million. Dana Holdings Corp. is a world leader in the supply of axles, drive shafts and structural, sealing and thermal management products as well as genuine service parts. The company's customer base includes almost every major vehicle car rental in toronto manufacturer in the global automotive, commercial vehicle and off-highway market. The company has struggled along with its customers. It filed for protection under Chapter car rental in toronto 11 of the U.S. Bankruptcy Code on March 3, 2006, and emerged on February 1, 2008. Based in Toledo, car rental in toronto Ohio, the company's car rental in toronto operations employ approximately 32,000 people car rental in toronto in 26 countries. car rental in toronto Calls made to the Glasgow plant manager were not returned. The Associated Press contributed to this story.
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