March 22, 2018 / 6:39 PM / 4 months ago

Dana wins supply contracts amidst efforts to merge with GKN unit

March 22 (Reuters) - Auto components maker Dana Inc said on Thursday it would supply front and rear axles for the next generation of Jaguar and Land Rover luxury vehicles in a contract worth £300 million ($423.27 million).

The company has also been selected as the driveline supplier for certain new Chevrolet Silverado chassis cab trucks.

The contract wins come as Dana has been in the midst of a bidding war with Melrose to merge with British engineering company GKN’s automotive business.

$1 = 0.7088 pounds Reporting by Sanjana Shivdas in Bengaluru; Editing by Shounak Dasgupta

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