MAUMEE, Ohio—Dana Holding Corp.'s net income and sales slightly decreased in 2013.
The firm's net income dropped to $244 million from $300 million, but its 2012 figure included a nonrecurring $54 million tax benefit.
Sales for 2013 dropped to $6.8 billion from $7.2 billion. The firm cited schedule light vehicle program roll offs and a divestiture, lowering sales by $377 million. Dana said it benefited from stronger global light vehicle production demand in 2013, increasing sales by about $80 million.
For the fourth quarter, Dana's net income declined to $42 million from $88 million. That figure also included the $54 million tax benefit. Sales increased by $10 million to $1.62 billion.
"Dana performed very well in 2013 in nearly every region of the world," said President and CEO Roger J. Wood.