1
 Dana Corp. said 
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attribution

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its third-quarter net income fell 27% to $29.6 million, or 72 cents a share, from $40.7 million, or $1 a share, a year earlier.
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 Sales dropped 4% to $1.12 billion from $1.17 billion.
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elaboration-additional

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 The company, 
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which supplies transmissions and other drive-train parts to auto makers, 
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elaboration-object-attribute

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said 
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about half the earnings drop came from the virtual collapse of the Venezuelan auto industry.
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 The Venezuelan currency plummeted this year, 
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making it difficult for auto makers there to afford imported parts.
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elaboration-object-attribute

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 Dana also said 
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attribution

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it was hurt by slumping U.S. truck sales and by a strike at a parts supplier.
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 The company, 
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based in Toledo, Ohio, 
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elaboration-object-attribute

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had said 
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it expected reduced third-quarter profit.
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16
 Mary Anne Sudol, an analyst at Fitch Investors in New York, said 
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attribution

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automotive suppliers were reporting lower profit almost across the board.
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 Southwood J. Morcott, Dana's president, said 
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attribution

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the company's decision 
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to approve its normal fourth-quarter dividend 
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elaboration-object-attribute

21
indicated its underlying strength. 
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attribution

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reason

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cause

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attribution

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background

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