MAUMEE, Ohio, Jan. 14 /PRNewswire-FirstCall/ -- Dana Holding Corporation (NYSE: DAN) has been recognized by Automotive News and PricewaterhouseCoopers (PWC) with a Global Automotive Shareholder Value Award for 2009, earning top honors in the category of one-year total shareholder return among global parts suppliers. In 2009, Dana stock appreciated by 1,364.86 percent.
The award, which is based on PWC's Shareholder Value Index, was presented yesterday evening to Dana Executive Vice President and Chief Financial Officer Jim Yost at the Automotive News World Congress Gala Dinner in Detroit, Mich.
"We are extremely pleased to have received the 2009 Global Automotive Shareholder Value Award," Yost said. "The award is a testament to the proactive efforts, hard work, and sacrifices of the entire Dana team amid a challenging backdrop. These efforts have positioned us well to serve our key partners and stakeholders in 2010 and beyond."
The Global Automotive Shareholder Value Awards are presented annually. This year's awards recognize the highest total shareholder return for global vehicle manufacturers, global parts suppliers, and U.S. retail distributors over one- and three-year periods ended Dec. 31, 2009. PWC's Shareholder Value Index measures the value of $100 invested in a stock over one- and three-year periods, and compares relative returns generated by different companies and industry segments. The index takes into account rises and falls in a company's share price, dividends, share buy backs, and new share issues.
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