Dana Corp. to own core Mexican operations.Dana Corp., Toledo, Ohio
DESC descending DESC Defense Energy Support Center DESC Defense Electronics Supply Center DESC District Explorer Scout Commissioner (UK) DESC Detroit Executive Service Corps (Michigan) S.A. de C.V., Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi , under which Dana will acquire full ownership of several core operations based in Mexico. Under terms of the letter, Dana and DESC will dissolve their existing joint venture partnership, Spicer S.A. de C.V., with Dana assuming 100% ownership of various operations (including metalcasting) in which Dana currently holds an indirect 49% interest. DESC, in turn, will assume full ownership of the transmission and aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. gasket operations in which it currently holds a 51% interest. |
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