Dana Holding expecting revenues to be up by 5% to 10% in 2010

By Jennifer Lanning Drey

Portland, Ore., Dec. 17 - Dana Holding Corp. expects revenues to be up 5% to 10% in 2010, resulting in EBTIDA in the range of $500 million, James Yost, chief financial officer of Dana, said during a company conference call held Thursday to discuss the company's outlook for 2010.

"There may be some conservatism here, but we'd like to see how the first and second quarter turns out before we get too aggressive," he said.

Yost also said the company expects to be cash flow positive for the year.

"Overall, we expect 2010 to be a continuing improvement in our effort to improve our profitability going forward."

Dana is a Toledo, Ohio-based supplier of components, modules and systems to vehicle manufacturers and related aftermarkets.

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