KALAMAZOO, Mich., Jan. 28 /PRNewswire-FirstCall/ -- Dana Holding Corporation (NYSE: DAN) announced today that it will consolidate its Heavy Vehicle Products operations in Kalamazoo, Mich., and Statesville, N.C., into two locations in the Toledo, Ohio, area and a yet-to-be-determined location in Greater Detroit.
"This move will enable Dana to better align its engineering and functional support resources, providing important operating and cost efficiencies," said Dana Heavy Vehicle Products Group President Mark Wallace. "The proximity to our existing operations in Maumee and southeastern Michigan will also promote enhanced technology sharing across our businesses, which will ultimately benefit our customers."
Approximately 150 employees are currently located at the Kalamazoo Heavy Vehicle Products division office, which opened in 1999 and also includes an engineering and technology center. The Statesville facility employs approximately 25 people, primarily in sales and engineering functions. Both original locations are expected to substantially close by the end of this year.
A portion of the impacted employees will relocate to a facility that Dana is securing in the Toledo, Ohio, area and others will locate within the company's Maumee-based Corporate Offices and Technology Center. Some employees will also relocate to the Detroit area. As part of the consolidation, an undetermined number of existing Heavy Vehicle Products positions will be eliminated.
About Dana Holding Corporation
Dana is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. The company's customer base includes virtually every major vehicle manufacturer in the global automotive, commercial vehicle, and off-highway markets. Based in Maumee, Ohio, the company employs approximately 23,000 people in 26 countries and reported 2008 sales of $8.1 billion. For more information, please visit: www.dana.com.
SOURCE Dana Holding Corporation