TOLEDO, Ohio (July 18)—As anticipated, Dana said its second-quarter earnings were impacted by softness in the North American and European automotive aftermarkets. The supplier reported sales of $3.3 billion for the quarter ended June 30, compared to the record $3.4 billion it recorded last year during the same period. Net income for the quarter was $145 million compared to the $190 million Dana posted in 1999. For the first six months of 2000, Dana posted sales of $6.8 billion, down slightly from year earlier figures, and net income of $390 million compared to net income of $352 million during the first half of 1999.
Dana divestitures, soft aftermarket pull second-quarter earnings down
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