Truck and auto parts maker the Dana Corp. will restate earnings for its last six quarters to fix improper accounting.
Dana said the restatements for all of 2004 and the first two quarters of 2005 stemmed primarily from improper accounting for issues involving customer pricing and transactions with suppliers in its commercial vehicle business. The company had earlier reported profits of $82 million for 2004, but did not say by how much earnings would be affected.
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