Document mB6MNmGJKaKRNX6ZBExonMKbQ
Dana Corporation
Page 69 of 176
Table of Contents
business, which was completed in the second quarter of 2003, and one plant of the Boston Weatherhead Division, which was closed in early 2003. At December 31, 2003, only the Automotive Aftermarket business unit remains to be sold. Each of these business components qualified as a discontinued operation under SFAS No. 144.
An analysis of the net sales and the income (loss) from discontinued operations of these businesses, grouped by business segment, follows:
2003
Change Between
Years
2002
Change Between
Years
2001
Net Sales: Automotive Aftermarket Engine Management Tekonsha/ Bargman Weatherhead AAG
AAG business segment
FTE (ASG business segment)
Boston Weatherhead (EFMG business segment)
$1,998 142
-- --
.....................
2,140
-- --..
13
$ (5) (146) (48) (29) ....... (228)
(251)
.................
(121)
$2,003 288 48 29
--
2,368
............
251
134
$ (7) 8 0
(3)
----
(2)
...
14
--
(19)
$2,010 280 48 32
_
2,370 ....
237
153
AEC Other
Other business segment
Total Discontinued Operations
Income (Loss) from Discontinued Operations: Automotive Aftermarket Engine Management Tekonsha/ Bargman Weatherhead AAG
AAG business segment
FTE (ASG business segment)
Boston Weatherhead (EFMG business segment)
AEC Other
Other business segment
Total Discontinued Operations
--
-- ----
-- ' $2,153
(29)
--
...... (29)
--
$(629)
''I^
$ 58 (7)
--
51
............ --
(1)
--
(3) (3)
....................
$6 54 (4) 1
57
----
38
(17)
3 10
"
13
$ 15
29
--
...... 29
....................
$2,782
......
(1)
-- --
(1)
--
$ (8)
_
$ 52 (61) 4 (1)
(6)
-................
38
16
$ 64 24
--
(1)
87
ii
22
14
(3) (13)
__
(16)
-................
$ 32
--
2
--
2
............
$125
30
--
....... 30
...................
$2,790
_
$ (12) (85) 4
(93)
MM.
16
2
(3) (15)
_
(18)
--ii.............
$ (93)
1 1
The Automotive Aftermarket business component's net sales were nearly unchanged in 2003 when compared to 2002. The aftermarket as a whole grew modestly in 2003 on a retail level; however, this did not translate into an increase for our aftermarket business as the growth was satisfied out of excess
http://www.sec.gov/Archives/edgar/data/26780/000095015204001384/105571ael0vk.htm
8/1/2004