Dana CEO wants Asian growth

Devine: "Behind the curve" in Asia
TOLEDO, Ohio -- Dana Holding Corp. is "well behind the curve" in Asian sales and needs to do better, says acting CEO John Devine. "There's no question but that you have to play globally. There's no room for regional players anymore," Devine told analysts last week while discussing 2007 results.

Dana lost $551 million in 2007, compared with a loss of $739 million in 2006. Sales rose 2.6 percent to $8.72 billion, from $8.50 billion. Dana emerged from Chapter 11 reorganization on March 3 -- exactly two years after it entered the process.

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