“We are essentially reinventing ways to eliminate waste, drive technologies and share services,” Commercial Vehicle Systems division president Rick Clayton said.
Dana renamed its former Heavy-Trucks Strategic Business division as the Commercial Vehicle Systems division. Its Heavy-Axle and Brake and Trailer Products divisions will be called the Commercial Vehicle Axle division and the Ride-and-Control Systems Division, the company said. The Ride-and-Control division will develop trailer axles, steering axles, brake systems and tire-management systems, as well as truck and trailer systems.
Dana said its heavy-truck output fell 25 % in 2000 because higher expenses and fuel costs cut demand while dealers’ inventories of new and used vehicles rose.
Company spokesman Jeff Cole said there are no expected job cuts as a result of the restructure.
