Dana Holding Corporation reported preliminary earnings results for the full year of 2012. For the year, sales totaled about $7.2 billion, a hair lower than its 2011 results, primarily reflecting the impact of currency by lower end market demand, wherein most notably around commercial vehicle business as Roger indicated. Adjusted EBITDA was $780 million for the year, which resulted in a margin of around 10.8%, a 70 basis point improvement over 2011 despite a lower top line. Capital spending for the year was about $160 million, again reflecting continued investment discipline across all of its business units. Free cash flow performance was strong. The company ended the year at around about $320 million for 2012, and that's adjusting for the $150 million voluntary pension plan contribution it made to its U.S. plans earlier in the year.

For the full year of 2013, the production forecast which certainly underpin its sales expectation for the year. The company expects 2013 sales to be flat to slightly down compared to last year at about $7.1 billion. The company expects the adjusted EBITDA to be in the range of $800 million to $820 million, or about a 3% to 5% increase over its 2012 preliminary results, resulting in improved margin of about 11.4% for the year, almost 60-basis point improvement. The company expects diluted adjusted EPS to be in the range of $1.88 to $1.95 for the year. The company expects an increase in capital spending in 2013, free cash flow performance will continue to remain strong in the range of $240 million to $260 million for the year 2013.