Dana Climbs as Vehicle-Parts Maker Beats Sales, Profit Estimates
- Axle, driveshaft supplier benefits from light-truck demand
- Company will shorten its name to Dana Inc. effective Aug. 1
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Dana Holding Corp. rose the most this year as the maker of parts for autos and commercial trucks posted second-quarter sales and profit that beat analysts’ estimates, helped by demand for sport utility vehicles and pickups.
The shares jumped 9.6 percent to $12.47 at 11:56 a.m. in New York after gaining as much as 12 percent, the most intraday since Dec. 22.