BUSINESS MEMO: DANA CROP. EARNINGS

Dana Corp., headquartered in Toledo, Ohio, has announced record sales for 1996.

Sales reached $7.7 billion. Profits reached an all-time high of $306 million, an increases of 6 percent from the previous year. Earnings per share totaled $3.01, up 6 percent from 1995.

Sales for the fourth quarter were $1.9 billion, compared to $2 billion during the same period a year ago. Net income was $70.6 million for the quarter, down from the $78.9 million during the final quarter of 1995.

During the year, Dana agreed to acquire the global assets of Clark-Hurth Components, an Intersoll-Rand Co., and a worldwide manufacturer of off-highway vehicle components. The acquisition was the largest in the 93-year history of Dana.

Founded in 1904, Dana operates facilities in 29 countries and employs more than 46,000 people.

A local Dana facility is the Spicer Axle Division at 2075 Corporate Circle.