TOLEDO, Ohio (Dec. 2)—Dana Corp. has agreed to sell its FTE Automotive GmbH brake and clutch actuation systems operations to HgCapital, a European private equity finance company. A leading manufacturer of brake and clutch actuation systems, FTE's products include brake boosters and hoses. FTE has been part of Dana since mid-1998, when it bought Echlin Inc. Headquartered in Ebern, Germany, FTE—formerly Fahrzeugtechnik Ebern—expects 2002 sales to exceed $260 million. FTE employs about 2,850 at five manufacturing facilities in Ebern, Fischbach, and Muhlhausen, Germany; Puebla, Mexico; and Gravatai, Brazil. HgCapital, formerly Mercury Private Equity, provides financing to the European private equity market. Terms of the deal were not disclosed.