Dana is exploring the sale of its off-highway business, a move that could potentially reshape the company's focus towards passenger vehicles, reported Bloomberg. The segment in question, which caters to heavy-duty vehicles in various industries,

Dana Inc. is exploring a sale of its off-highway business, people familiar with the matter said, as the automotive supplier responds to sluggish demand in its key markets.

Any sale would leave Dana focused on passenger cars and trucks, making it potentially attractive for other automotive suppliers.

Automotive supplier Dana Inc. (NYSE:DAN) is conducting a sale of its off-highway unit. Dana ticked higher by 0.7%. The company is working with advisers on a potential sale of the business, according to traders,