Dana terminated the deal to acquire the majority stake in automotive business of Modine Manufacturing.

Dana, an American supplier of axles, driveshafts and transmissions, terminated the deal to acquire the majority stake in automotive business of Modine Manufacturing, a diversified thermal management technology and solutions provider. Financial terms were not disclosed. Both companies had been actively engaged in the regulatory review process in Germany for many months and have decided that it is no longer in the best interest of either party to pursue the transaction further.