Equity Affiliates

3 Months Ended

Mar. 31, 2013

Equity Method Investments and Joint Ventures [Abstract]

We have a number of investments in entities that engage in the manufacture of vehicular parts — primarily axles, driveshafts and wheel-end braking systems — supplied to OEMs.

Equity method investments exceeding $5 at March 31, 2013 —



	Ownership Percentage	Investment
Dongfeng Dana Axle Co., Ltd. (DDAC)	50%	$	151
Bendix Spicer Foundation Brake, LLC	20%	35
Axles India Limited	48%	8
All others as a group	Various	12
Investments in equity affiliates		206
Investment in affiliates carried at cost	Various	2
Investment in affiliates		$	208

Summarized financial information for DDAC —



	Three Months Ended March 31,
	2013		2012
Sales	$	187	$	213
Gross profit	$	20	$	23
Pre-tax income	$	6	$	6
Net income	$	6	$	5
Dana's equity earnings in affiliate	$	3	$	2

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References+ Details