Dana´s first quarter earnings fall

TOLEDO, Ohio (April 19)—Dana Corp.´s first-quarter earnings fell 4.2 percent because of weak demand in the aftermarket and higher operating costs, the company said. Dana earned $160 million, while sales rose rose 2.3 percent to $3.46 billion. Dana said its original equipment sales rose 7.3 percent because of an increase in vehicle production during the first quarter, but higher costs for premium freight and overtime cut margins in its automotive and engine systems businesses.