MAUMEE, Ohio—Dana Holding Corp.'s net profits reached record levels despite lower sales in 2012.
The manufacturer reported its net profits rose 37 percent to $300 million for the year the company saw a gain of $81 million from 2011's $219 million, according to the firm. Sales declined 4 percent to $7.2 billion.
Dana said fourth quarter net profits increased 23.9 percent to $88 million on a despite a 15.8 percent decrease in sales to $1.6 billion for a period.