Auto and truck parts supplier Dana Corp. saw its shares down almost 30 percent on Monday after announcing that accounting problems require it to restate earnings for 2004 and 2005. Earnings for the most recently reported quarter will be reduced by between $10 million and $15 million. The impact on other reporting periods is not yet known.
Dana is a supplier of axles, driveshafts and other components. Ford and GM are two of its largest customers.

Share This Photo X