TOLEDO, Ohio -- Dana Holding Corp. has reached a settlement with the U.S. Securities and Exchange Commission (SEC), bringing to a close the investigation initiated by the SEC in November 2005 of certain matters related to the restatement of the former Dana Corp.'s financial statements for fiscal year 2004 and the first two quarters of 2005. No fines or penalties were imposed on the company.

In consenting to a cease and desist order, Dana Holding Corp. -- as successor registrant to Dana Corp. -- agreed to comply with various provisions of the federal securities laws. Dana cooperated fully with the SEC throughout its investigation.

As previously described in the company's SEC filings, the prior deficient internal controls were remediated in 2007 and Dana's independent auditors have confirmed the effectiveness of the numerous remedial actions to ensure internal control over financial reporting since that time.