Dana Corporation Files Bankruptcy!

eightballsidepocket · 03-03-2006, 02:37 PM

Isn't the Titan rear end a Dana 44, that was designed with Nissan collaboration for the Titan exclusively?

If Dana goes belly-up.........does this mean Nissan might be looking somewhere else for future Titan rear-ends?

Actually this could be a good thing, couldn't it?

**P's Titan** · 03-03-2006, 03:09 PM

THREE threads already on topic...search comes in handy

Dana Corp Files for Bankruptcy

Dana Corp. headed for bankruptcy

Dana Corp for less than a buck!

HVACman · 03-03-2006, 05:20 PM

Can you say "Dynatrac"?

http://www.dynatrac.com/

**HudsonValleyTitan** · 03-03-2006, 08:46 PM

Quote:

Originally Posted by eightballsidepocket

Isn't the Titan rear end a Dana 44, that was designed with Nissan collaboration for the Titan exclusively?

If Dana goes belly-up.........does this mean Nissan might be looking somewhere else for future Titan rear-ends?

Actually this could be a good thing, couldn't it?

Yes it's a Dana 44 but because of a collaboration with Nissan to redesign certain parts of it, it's only used by Nissan. As long as they don't go back to their old, useless LSD rear end, they can use anyone.

ptgarcia · 03-04-2006, 12:37 AM

Bankruptcy doesn't mean they are closing their door. They could be restructuring their debt and the company in general. I'm sure we'll see them for many years to come.

bestatchess · 03-04-2006, 04:01 AM

Yeah, probably just blade off some debt & labor contracts, increase executive pay & perks.

Herbpov · 03-04-2006, 05:51 AM

They're going to send most of their work to Mexico. They stated that earlier in the year. Just another way to break the unions.

Smoke05 · 03-04-2006, 07:09 PM

Sounds good. Quality Control is already an issue, so let's pack things up and move work to Mexico. That should do the trick.

browndude3649 · 03-04-2006, 11:20 PM

Thank you NAFTA--again

Clint · 03-05-2006, 06:58 AM

In the not too distant future the companies in this country will realize the mistake they made with outsourcing. It's already too late, they just haven't caught on yet. We need to focus on us the US citizens and the heck with the global economy. Do you care if the people in India or China are at work while our neighbors are unemployed?
Think about this. If the other countries boycotted the US we wouldn't have anymore TV's, stereos, cell phones, etc because we don't make anything here anymore.

Clint

**HudsonValleyTitan** · 03-05-2006, 09:13 AM

Quote:

Originally Posted by Clint

In the not too distant future the companies in this country will realize the mistake they made with outsourcing. It's already too late, they just haven't caught on yet. We need to focus on us the US citizens and the heck with the global economy. Do you care if the people in India or China are at work while our neighbors are unemployed?
Think about this. If the other countries boycotted the US we wouldn't have anymore TV's, stereos, cell phones, etc because we don't make anything here anymore.

Clint

I agree and disagree. If the government gave the tax breaks they used to give large businesses, they would have at least SOME incentive to stay in the states. They don't. Yes, it's detrimental to the US economy but....they don't care. They can get cheaper labor elsewhere. Minimum wage is too high here compared to what they can outsource. It's unfortunate but, it can't be had both ways. Outsourcing, though hurtful to our economy, makes perfectly sound business sense.

BCTitan · 03-05-2006, 02:34 PM

Quote:

Originally Posted by HudsonValleyTitan

I agree and disagree. If the government gave the tax breaks they used to give large businesses, they would have at least SOME incentive to stay in the states. They don't. Yes, it's detrimental to the US economy but....they don't care. They can get cheaper labor elsewhere. Minimum wage is too high here compared to what they can outsource. It's unfortunate but, it can't be had both ways. Outsourcing, though hurtful to our economy, makes perfectly sound business sense.

There is enough blame to go around for everyone. You can blame the government, but let's not forget the large businesses themselves, out to make the largest profits they can. Then you get down to the workforce. Unions, for lack of a better term, are a dying breed. For example, for years, contracts were negotiated between management and labor. Labor did not get what they want, they go on strike. Both sides work, give a little, and labor gets perks, like insurances paid on them and family, more money, less work. Management gets to continue making large profits, for x years until time to renegotiate.
Government cannot be held accountable by itself. It does not matter which person is President, each presidency since the 70s have had troubles with economy.
Like it or not, we are in a global economy, as evidenced by outsourcing not only manufacturing, but also management of our ports.
Until the American people use the power of the Vote, and help clean up corruption and corporate greed, economies will continue to develop everywhere else in the world. Except here.

eightballsidepocket · 03-05-2006, 05:33 PM

It's interesting, cause Dana list's their assets at 7.xx billion $'s and debits at 4.xxx billion $'s? Doesn't seem like a bankruptcy scenario.

I thought when debits are bigger than assets......then it's time to restructure/bail-out?

DeeDubya · 03-06-2006, 06:20 AM

Quote:

Originally Posted by browndude3649

Thank you NAFTA--again

No doubt there will be some job out-sourcing, but why not Mexico instead of China or whom ever? Creating more jobs in Mexico might help reduce illegal immagration which is a big expense for everyone.