Schedule 13G

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. )*

DANA HOLDING CORPORATION
(Name of Issuer)
Common stock, par value $0.01 per share
(Title of Class of Securities)
235825205
(CUSIP Number)
November 20, 2009
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     þ Rule 13d-1(c)

     o Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Continued on following pages
Page 1 of 14 Pages
Exhibit Index: Page 10

 
 


 

                         
CUSIP No.
 
235825205 
  Page  
  of   
14 
  Pages

 

           
1   NAMES OF REPORTING PERSONS
SOROS FUND MANAGEMENT LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  DELAWARE
       
  5   SOLE VOTING POWER
     
NUMBER OF   7,331,132
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   7,331,132
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,331,132
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.26%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO, IA


 

                         
CUSIP No.
 
235825205 
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  Pages

 

           
1   NAMES OF REPORTING PERSONS
GEORGE SOROS
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  UNITED STATES
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   7,331,132
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    7,331,132
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,331,132
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.26%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IA


 

                         
CUSIP No.
 
235825205 
  Page  
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  Pages

 

           
1   NAMES OF REPORTING PERSONS
ROBERT SOROS
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  UNITED STATES
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   7,331,132
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    7,331,132
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,331,132
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.26%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IA


 

                         
CUSIP No.
 
235825205 
  Page  
  of   
14 
  Pages

 

           
1   NAMES OF REPORTING PERSONS
JONATHAN SOROS
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  UNITED STATES
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   7,331,132
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    7,331,132
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,331,132
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.26%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IA


 

                         
CUSIP No.
 
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Item 1(a)  
Name of Issuer:
Dana Holding Corporation (the “Issuer”).
Item 1(b)  
Address of the Issuer’s Principal Executive Offices:
3939 Technology Drive
Maumee, OH 43537
Item 2(a)  
Name of Person Filing
The Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
  i)  
Soros Fund Management LLC (“SFM LLC”);
 
  ii)  
George Soros;
 
  iii)  
Robert Soros; and
 
  iv)  
Jonathan Soros.
This statement relates to Shares (as defined herein) held for the account of Quantum Partners LDC, a Cayman Islands exempted limited duration company (“Quantum Partners”). SFM LLC serves as principal investment manager to Quantum Partners. As such, SFM LLC has been granted investment discretion over portfolio investments, including the Shares, held for the account of Quantum Partners. George Soros serves as Chairman of SFM LLC, Robert Soros serves as Deputy Chairman of SFM LLC, and Jonathan Soros serves as President and Deputy Chairman of SFM LLC.
Item 2(b)  
Address of Principal Business Office or, if None, Residence:
The address of the principal business office of each of the Reporting Persons is 888 Seventh Avenue, 33rd Floor, New York, New York 10106.
Item 2(c)  
Citizenship:
  i)  
SFM LLC is a Delaware limited liability company;
 
  ii)  
George Soros is a United States citizen;
 
  iii)  
Robert Soros is a United States citizen; and
 
  iv)  
Jonathan Soros is a United States citizen.
Item 2(d)  
Title of Class of Securities:
Common stock, par value $0.01 per share (the “Shares”).

 

 


 

                         
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Item 2(e)  
CUSIP Number:
235825205
Item 3.  
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
This Item 3 is not applicable.
Item 4.  
Ownership:
Item 4(a)  
Amount Beneficially Owned:
As of November 27, 2009, each of the Reporting Persons may be deemed to be the beneficial owner of 7,331,132 Shares.
Item 4(b)  
Percent of Class:
As of November 27, 2009, each of the Reporting Persons may be deemed to be the beneficial owner of approximately 5.26% of the total number of Shares outstanding.
Item 4(c)  
Number of shares as to which such person has:
             
SFM LLC        
(i)
  Sole power to vote or direct the vote:     7,331,132  
(ii)
  Shared power to vote or to direct the vote     0  
(iii)
  Sole power to dispose or to direct the disposition of     7,331,132  
(iv)
  Shared power to dispose or to direct the disposition of     0  
 
           
George Soros        
(i)
  Sole power to vote or direct the vote:     0  
(ii)
  Shared power to vote or to direct the vote     7,331,132  
(iii)
  Sole power to dispose or to direct the disposition of     0  
(iv)
  Shared power to dispose or to direct the disposition of     7,331,132  
 
           
Robert Soros        
(i)
  Sole power to vote or direct the vote:     0  
(ii)
  Shared power to vote or to direct the vote     7,331,132  
(iii)
  Sole power to dispose or to direct the disposition of     0  
(iv)
  Shared power to dispose or to direct the disposition of     7,331,132  

 

 


 

                         
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Jonathan Soros        
(i)
  Sole power to vote or direct the vote:     0  
(ii)
  Shared power to vote or to direct the vote     7,331,132  
(iii)
  Sole power to dispose or to direct the disposition of     0  
(iv)
  Shared power to dispose or to direct the disposition of     7,331,132  
Item 5.  
Ownership of Five Percent or Less of a Class:
This Item 5 is not applicable.
Item 6.  
Ownership of More than Five Percent on Behalf of Another Person:
The shareholders of Quantum Partners are entitled to receive, or have the power to direct, the receipt of dividends from or the proceeds of sales of the Shares held for the account of Quantum Partners, in accordance with their ownership interests in Quantum Partners.
Item 7.  
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
This Item 7 is not applicable.
Item 8.  
Identification and Classification of Members of the Group:
This Item 8 is not applicable.
Item 9.  
Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10.  
Certification:
By signing below each of the Reporting Persons certifies that, to the best of such person’s knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.

 

 


 

                         
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
         
Date: November 30, 2009  SOROS FUND MANAGEMENT LLC
 
 
  By:   /s/ Jodye Anzalotta    
    Jodye Anzalotta   
    Assistant General Counsel   
 
Date: November 30, 2009  GEORGE SOROS
 
 
  By:   /s/ Jodye Anzalotta    
    Jodye Anzalotta   
    Attorney-in-Fact   
 
Date: November 30, 2009  ROBERT SOROS
 
 
  By:   /s/ Jodye Anzalotta    
    Jodye Anzalotta   
    Attorney-in-Fact   
 
Date: November 30, 2009  JONATHAN SOROS
 
 
  By:   /s/ Jodye Anzalotta    
    Jodye Anzalotta   
    Attorney-in-Fact   
 

 

 


 

                         
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EXHIBIT INDEX
             
        Page No.
A.
  Joint Filing Agreement, dated as of November 30, 2009, by and among Soros Fund Management LLC, George Soros, Robert Soros, and Jonathan Soros     11  
 
           
B.
  Power of Attorney, dated as of June 26, 2009, granted by George Soros in favor of Armando T. Belly, Jodye Anzalotta, Maryann Canfield, Jay Schoenfarber, Robert Soros, and David Taylor     12  
 
           
C.
  Power of Attorney, dated as of October 3, 2007, granted by Robert Soros in favor of Armando T. Belly, Jodye Anzalotta, Maryann Canfield, Jay Schoenfarber, and David Taylor     13  
 
           
D.
  Power of Attorney, dated as of October 3, 2007, granted by Jonathan Soros in favor of Armando T. Belly, Jodye Anzalotta, Maryann Canfield, Jay Schoenfarber, and David Taylor     14  

 

 


 

                         
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EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the Schedule 13G with respect to the Common stock, par value $0.01 per share, of Dana Holding Corporation, dated as of November 30, 2009, is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934.
         
Date: November 30, 2009  SOROS FUND MANAGEMENT LLC
 
 
  By:   /s/ Jodye Anzalotta    
    Jodye Anzalotta   
    Assistant General Counsel   
 
Date: November 30, 2009  GEORGE SOROS
 
 
  By:   /s/ Jodye Anzalotta    
    Jodye Anzalotta   
    Attorney-in-Fact   
 
Date: November 30, 2009  ROBERT SOROS
 
 
  By:   /s/ Jodye Anzalotta    
    Jodye Anzalotta   
    Attorney-in-Fact   
 
Date: November 30, 2009  JONATHAN SOROS
 
 
  By:   /s/ Jodye Anzalotta    
    Jodye Anzalotta   
    Attorney-in-Fact   

 

 


 

                         
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EXHIBIT B
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENT, that I, GEORGE SOROS, hereby make, constitute and appoint each of ARMANDO T. BELLY, JODYE ANZALOTTA, MARYANN CANFIELD, JAY SCHOENFARBER, ROBERT SOROS and DAVID TAYLOR, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Chairman of, member of or in other capacities with Soros Fund Management LLC (“SFM LLC”) and each of its affiliates or entities advised by me or SFM LLC, all documents, certificates, instruments, statements, filings and agreements (“documents”) to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities, futures contracts or other investments, and any other documents relating or ancillary thereto, including without limitation all documents relating to filings with the Commodity Futures Trading Commission and National Futures Association, the United States Securities and Exchange Commission (the “SEC”) pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the “Act”) and the rules and regulations promulgated thereunder, including all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act and any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act.
All past acts of these attorneys-in-fact in furtherance of the foregoing are hereby ratified and confirmed.
Execution of this power of attorney revokes that certain Power of Attorney dated as of the 16th day of June 2005 with respect to the same matters addressed above.
This power of attorney shall be valid from the date hereof until revoked by me.
IN WITNESS WHEREOF, I have executed this instrument as of the 26th day of June 2009.
         
  GEORGE SOROS
 
 
  /s/ Daniel Eule    
  Daniel Eule   
  Attorney-in-Fact for George Soros   

 

 


 

                         
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EXHIBIT C
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENT, that I, ROBERT SOROS, hereby make, constitute and appoint each of ARMANDO T. BELLY, JODYE ANZALOTTA, MARYANN CANFIELD, JAY SCHOENFARBER and DAVID TAYLOR, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Deputy Chairman of, member of or in other capacities with Soros Fund Management LLC (“SFM LLC”) and each of its affiliates or entities advised by me or SFM LLC, all documents, certificates, instruments, statements, filings and agreements (“documents”) to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities, futures contracts or other investments, and any other documents relating or ancillary thereto, including without limitation all documents relating to filings with the Commodity Futures Trading Commission and National Futures Association, the United States Securities and Exchange Commission (the “SEC”) pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the “Act”) and the rules and regulations promulgated thereunder, including all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act and any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act.
All past acts of these attorneys-in-fact in furtherance of the foregoing are hereby ratified and confirmed.
This power of attorney shall be valid from the date hereof until revoked by me.
IN WITNESS WHEREOF, I have executed this instrument as of the 3rd day of October 2007.
         
  ROBERT SOROS
 
 
  /s/ Robert Soros    
     
     

 

 


 

                         
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EXHIBIT D
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENT, that I, JONATHAN SOROS, hereby make, constitute and appoint each of ARMANDO T. BELLY, JODYE ANZALOTTA, MARYANN CANFIELD, JAY SCHOENFARBER and DAVID TAYLOR, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as President and Deputy Chairman of, member of or in other capacities with Soros Fund Management LLC (“SFM LLC”) and each of its affiliates or entities advised by me or SFM LLC, all documents, certificates, instruments, statements, filings and agreements (“documents”) to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities, futures contracts or other investments, and any other documents relating or ancillary thereto, including without limitation all documents relating to filings with the Commodity Futures Trading Commission and National Futures Association, the United States Securities and Exchange Commission (the “SEC”) pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the “Act”) and the rules and regulations promulgated thereunder, including all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act and any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act.
All past acts of these attorneys-in-fact in furtherance of the foregoing are hereby ratified and confirmed.
This power of attorney shall be valid from the date hereof until revoked by me.
IN WITNESS WHEREOF, I have executed this instrument as of the 3rd day of October 2007.
         
  JONATHAN SOROS
 
 
  /s/ Jonathan Soros