Re: Dana Corp files for bankruptcy
 

"Lon" <lon.stowell@comcast.net> wrote in message
news:rNmdnZscBPAzZpXZRVn-rA@comcast.com...
> mabar proclaimed:
>
> > I wonder how this will affect Jeep?
> >
> >
http://quote.bloomberg.com/apps/news...fer=news_index
> >
> >
> It is legal to summarize a story or quote it in fair use for review.
> That doesn't look like a dissolution type bankruptcy, more to
> renegotiate terms with lenders, break contracts, etc. As for the
> customers of Dana, bankruptcy courts have collection powers that would
> make Tony Soprano envious. Don't see directly why it would affect Jeep
> at all unless they, like some companies, have internal rules prohibiting
> new contracts or purchases from companies in bankruptcy.
>

Lon,

Dana is not actually in default yet. They have a thirty day grace period on
a missed bond payment. That bankruptcy court is going to place a higher
priority on axle production than paying bills, at least in the near term.
They have to do that, to preserve equity, so that there will be something
for creditors to collect. For this reason, I don't think that there will be
any interruption in axle supplies soon, although Jeep and its parents may
reconsider their long term axle sourcing strategy. You can use
transmissions and engines as a model for what may happen. Jeep has changed
suppliers of transmissions and engines several times in the past, and the
current Wrangler, for example, continues to look about the same as its
predecessors.

Earle


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Re: Dana Corp files for bankruptcy
 

Just so there's no confusion, /Winchester/ isn't going to China, as some
might assume.
<URL:http://www.nydailynews.com/front/breaking_news/story/383813p-325813c.html>
The name is owned by Olin, an American corporation, that licenses it to
the Herstal Group in Belgium. Herstal is closing the New Haven plant
because it is discontinuing all of the specialty market "traditional"
models on falling sales.

Dana got caught between rising energy and steel prices -- both an effect
of China's inevitable modernization -- and bad corner office decisions
at the Big Three. Costs went up, sales went down. DC was the source of
46% of Dana's revenue in 2004, Ford 25% and GM 11%, so it shouldn't be a
surprise that a failure of the Big Three to suit the marketplace would
have a ripple effect up the supply chain. I'm guessing further upstream
from Dana there's small shops all across the country laying people off.
<URL:http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2006-03-03T212145Z_01_N03257708_RTRIDST_0_AUTOS-SHARES-UPDATE-1.XML&pageNumber=0&imageid=&cap=&sz=13>


Nathan W. Collier wrote:
> "mabar" <xyzz4569@fastmail.fm> wrote in message
> news:4408ef0a_1@newsfeed.slurp.net...
>
>>I wonder how this will affect Jeep?
>>
>>http://quote.bloomberg.com/apps/news...fer=news_index
>
>
> winchester, dana, so many others......this is what happens when you sell
> your soul to china, one walmart basket full of chinese crap at a time.
>

Re: Dana Corp files for bankruptcy
 

Just so there's no confusion, /Winchester/ isn't going to China, as some
might assume.
<URL:http://www.nydailynews.com/front/breaking_news/story/383813p-325813c.html>
The name is owned by Olin, an American corporation, that licenses it to
the Herstal Group in Belgium. Herstal is closing the New Haven plant
because it is discontinuing all of the specialty market "traditional"
models on falling sales.

Dana got caught between rising energy and steel prices -- both an effect
of China's inevitable modernization -- and bad corner office decisions
at the Big Three. Costs went up, sales went down. DC was the source of
46% of Dana's revenue in 2004, Ford 25% and GM 11%, so it shouldn't be a
surprise that a failure of the Big Three to suit the marketplace would
have a ripple effect up the supply chain. I'm guessing further upstream
from Dana there's small shops all across the country laying people off.
<URL:http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2006-03-03T212145Z_01_N03257708_RTRIDST_0_AUTOS-SHARES-UPDATE-1.XML&pageNumber=0&imageid=&cap=&sz=13>


Nathan W. Collier wrote:
> "mabar" <xyzz4569@fastmail.fm> wrote in message
> news:4408ef0a_1@newsfeed.slurp.net...
>
>>I wonder how this will affect Jeep?
>>
>>http://quote.bloomberg.com/apps/news...fer=news_index
>
>
> winchester, dana, so many others......this is what happens when you sell
> your soul to china, one walmart basket full of chinese crap at a time.
>

Re: Dana Corp files for bankruptcy
 

Just so there's no confusion, /Winchester/ isn't going to China, as some
might assume.
<URL:http://www.nydailynews.com/front/breaking_news/story/383813p-325813c.html>
The name is owned by Olin, an American corporation, that licenses it to
the Herstal Group in Belgium. Herstal is closing the New Haven plant
because it is discontinuing all of the specialty market "traditional"
models on falling sales.

Dana got caught between rising energy and steel prices -- both an effect
of China's inevitable modernization -- and bad corner office decisions
at the Big Three. Costs went up, sales went down. DC was the source of
46% of Dana's revenue in 2004, Ford 25% and GM 11%, so it shouldn't be a
surprise that a failure of the Big Three to suit the marketplace would
have a ripple effect up the supply chain. I'm guessing further upstream
from Dana there's small shops all across the country laying people off.
<URL:http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2006-03-03T212145Z_01_N03257708_RTRIDST_0_AUTOS-SHARES-UPDATE-1.XML&pageNumber=0&imageid=&cap=&sz=13>


Nathan W. Collier wrote:
> "mabar" <xyzz4569@fastmail.fm> wrote in message
> news:4408ef0a_1@newsfeed.slurp.net...
>
>>I wonder how this will affect Jeep?
>>
>>http://quote.bloomberg.com/apps/news...fer=news_index
>
>
> winchester, dana, so many others......this is what happens when you sell
> your soul to china, one walmart basket full of chinese crap at a time.
>

Re: Dana Corp files for bankruptcy
 

Just so there's no confusion, /Winchester/ isn't going to China, as some
might assume.
<URL:http://www.nydailynews.com/front/breaking_news/story/383813p-325813c.html>
The name is owned by Olin, an American corporation, that licenses it to
the Herstal Group in Belgium. Herstal is closing the New Haven plant
because it is discontinuing all of the specialty market "traditional"
models on falling sales.

Dana got caught between rising energy and steel prices -- both an effect
of China's inevitable modernization -- and bad corner office decisions
at the Big Three. Costs went up, sales went down. DC was the source of
46% of Dana's revenue in 2004, Ford 25% and GM 11%, so it shouldn't be a
surprise that a failure of the Big Three to suit the marketplace would
have a ripple effect up the supply chain. I'm guessing further upstream
from Dana there's small shops all across the country laying people off.
<URL:http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2006-03-03T212145Z_01_N03257708_RTRIDST_0_AUTOS-SHARES-UPDATE-1.XML&pageNumber=0&imageid=&cap=&sz=13>


Nathan W. Collier wrote:
> "mabar" <xyzz4569@fastmail.fm> wrote in message
> news:4408ef0a_1@newsfeed.slurp.net...
>
>>I wonder how this will affect Jeep?
>>
>>http://quote.bloomberg.com/apps/news...fer=news_index
>
>
> winchester, dana, so many others......this is what happens when you sell
> your soul to china, one walmart basket full of chinese crap at a time.
>

Re: Dana Corp files for bankruptcy
 

scaryshit huh!
thats bigger then dephi

mabar wrote:

> I wonder how this will affect Jeep?
>
> http://quote.bloomberg.com/apps/news...fer=news_index

Re: Dana Corp files for bankruptcy
 

scaryshit huh!
thats bigger then dephi

mabar wrote:

> I wonder how this will affect Jeep?
>
> http://quote.bloomberg.com/apps/news...fer=news_index

Re: Dana Corp files for bankruptcy
 

scaryshit huh!
thats bigger then dephi

mabar wrote:

> I wonder how this will affect Jeep?
>
> http://quote.bloomberg.com/apps/news...fer=news_index

Re: Dana Corp files for bankruptcy
 

scaryshit huh!
thats bigger then dephi

mabar wrote:

> I wonder how this will affect Jeep?
>
> http://quote.bloomberg.com/apps/news...fer=news_index

Re: Dana Corp files for bankruptcy
 

looks like they filed under the new laws and those are alot stiffer then the b.r laws of
recent past, such as delphi used

Lon wrote:

> mabar proclaimed:
>
> > I wonder how this will affect Jeep?
> >
> > http://quote.bloomberg.com/apps/news...fer=news_index
> >
> >
> It is legal to summarize a story or quote it in fair use for review.
> That doesn't look like a dissolution type bankruptcy, more to
> renegotiate terms with lenders, break contracts, etc. As for the
> customers of Dana, bankruptcy courts have collection powers that would
> make Tony Soprano envious. Don't see directly why it would affect Jeep
> at all unless they, like some companies, have internal rules prohibiting
> new contracts or purchases from companies in bankruptcy.