DOW JONES NEWSWIRES 
 

Dana Holding Corp. (DAN) settled with the Securities and Exchange Commission, ending the agency's investigation of the auto-parts supplier's financial statements for 2004 and part of 2005.

The SEC didn't impose fines or penalties.

In December 2005, Dana restated financial reports for 2004 and the first half of 2005, lowering total earnings by $44 million, to correct accounting for price increases and supplier reimbursement costs in its commercial-vehicle unit and for steel surcharges. The company also made adjustments to statements filed as far back as 2000 that cut earnings another $3 million.

The regulator launched a formal inquiry into the matter in 2006.

The maker of axles, drive shafts and thermal-management products exited bankruptcy protection in February 2008 but has suffered along with the rest of the auto industry from a sharp drop in sales this year.

Dana's shares closed at $5.61, up 4.7%, and were inactive after hours.

-By Kathy Shwiff, Dow Jones Newswires; 212-416-2357; Kathy.Shwiff@dowjones.com