U.S. Machine Tools Are Clanking Again

Consumers just can't seem to get enough of those Ford Explorers and Jeep Grand Cherokees. So Dana Corp. is making axles three shifts a day, seven days a week. "We're at capacity," says Daniel Hendricks, controller at Dana's Spicer Axle Div. in Fort Wayne, Ind. Dana's response? Invest $70 million in new equipment: gear-cutting, grinding, drilling, and other machine tools.

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