Toledo's largest company said yesterday that it will cut at least 3,000 jobs this year - including the 100 announced last week in Maumee - to deal with the "revolution" going on in the North American automotive industry.

Dana Holding Corp., which disclosed it lost $140 million in the second quarter after emerging from bankruptcy protection, said the dramatic downturn in the industry is causing the job cuts.

"2008 in North America is a lot more difficult than any of us would have expected in the beginning of the year. In my career ... I can't recall a more difficult year," said executive chairman John Devine, who spent decades with Ford Motor Co. and General Motors Corp. before joining Dana.

"I would have to say that this is nothing short of revolution. I'd like to say it's limited to 2008, but it isn't," Mr. Devine told analysts.

"It's not a matter that Dana would be shooting itself in the foot by telling Chrysler to go away, especially when there's some question where Chrysler is going to be five years from now."

Dana said it loss $133 million, or 70 cents a share, for the same period a year ago.

LINK:toledoblade.com -- Dana to cut 3,000 jobs this year; 'revolutionary' downturn cited for mounting losses

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Nitro Year: 2007 (July 07 Build Date)
Nitro Model: R/T
Nitro Drivetrain: 4x4
Nitro Color: Stone White
Fully-Equipped w/all factory options