Dana bankruptcy

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Dana bankruptcy
2006-07-24
TOLEDO, Ohio (AP) - Auto parts makers Dana Corp. told creditors it may seek cuts on retiree benefits as part of its restructuring under federal bankruptcy protection. The company needs relief from legacy costs that include health insurance and prescription drug coverage for retired employees, Corinne Ball, a company lawyer, told creditors at a bankruptcy court meeting in New York Thursday. The company did not announce any plans and would not provide any details after the meeting. .
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