http://www.msnbc.msn.com/id/11655438/

Think American industry is not in trouble?

 

Auto and truck parts maker Dana Corp. said on Friday that its U.S. operations have filed for bankruptcy protection, succumbing to declining production at large U.S. customers and high materials costs. Dana, the first large U.S. auto parts maker to file for Chapter 11 protection from creditors in 2006, cited general industry financial deterioration and its inability to renew or expand credit facilities in a timely matter.