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Dana Corp. has reached settlement agreements with its two largest unions that will save the bankrupt auto parts maker more than $100 million per year, the company announced Friday. Under the deals struck with the United Steelworkers and the United Auto Workers, voluntary trusts will take over Dana's obligations for providing health care for retirees and long-term disability coverage for other employees. Dana will contribute $700 million cash and approximately $80 million in common stock to the trusts, the company said in a news release. The settlements include four-year extensions of Dana's current contracts with the USW and the UAW at its union plants in the U.S., as well as new agreements with several recently organized facilities.