Dana

#3522

Rank

$2.64B

MarketCap US

US United States

Country

Summary
Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies. The Light Vehicle Drive Systems segment offers axles, driveshafts, e-axles, electrodynamic and drivetrain components, and transmissions, as well as electric, hybrid, and ICE products for light trucks, sport and crossover utility vehicles, vans, and passenger cars. The Commercial Vehicle Drive and Motion Systems segment provides axles, driveshafts, e-axles, e-transmissions, electrodynamic and drivetrain components, and electric vehicle integration services, as well as software as a service for medium and heavy duty trucks, buses, and specialty vehicles. The Off-Highway Drive and Motion Systems segment offers axles, driveshafts, transmissions, planetary hub drives, e-axles and e-drives, and helical and bevel-helical gearboxes, as well as electrodynamic, hydraulic, and drivetrain components for construction, earth moving, agricultural, mining, forestry, material handling, and industrial stationary markets. The Power Technologies segment offers gaskets and sealing, cover modules, heat shields, thermal management, e-thermal management, cooling, and bipolar fuel cell plates products for light vehicle, medium/heavy vehicle, and off-highway markets. The company was formerly known as Dana Holding Corporation and changed its name to Dana Incorporated in August 2016. Dana Incorporated was founded in 1904 and is headquartered in Maumee, Ohio.

History

In 1904, Clarence W. Spicer, engineer, inventor, and founder of the company, began manufacturing universal joints in Plainfield, New Jersey.

Also in 1904, the first C.W. Spicer "u-joints" were shipped to Corbin Motor Company in Connecticut.

In 1905, Spicer Universal Joint Manufacturing Company was incorporated.

In 1909, the company changed its name to Spicer Manufacturing Company.

In 1910, Spicer relocated to South Plainfield, New Jersey.

In 1914, Charles Dana joined the company.

In 1922, Spicer was listed on the New York Stock Exchange.

In 1925, Spicer expanded internationally taking a holding in licensee in England, Hardy, renamed Hardy Spicer.

In 1946, Dana became president and treasurer, and the company was renamed the Dana Corporation. Spicer becomes the brand name for the company's driveline products.

In 1963, Dana acquired the Perfect Circle Company.

In 1972, Dana bought a 35% stake in Wolverhampton-based engineering company, Turner Manufacturing. The remaining shares were acquired a few years later.

In 2006, Dana filed for bankruptcy.

In 2007, Dana canceled 150 million shares of stock during their bankruptcy.

In 2018, Dana announced that it was buying a majority stake in TM4 Inc., a company specialized in electric powertrains, for C$165 million .

In 2019, Dana acquired privately held SME Group .

In March 2019, Dana purchased Drive Systems segment of the Oerlikon Group, including the Graziano Trasmissioni and Fairfield brands and VOCIS, a wholly owned electronic controls business located in the UK.

In August 2019, Dana acquired Nordresa Motors, Inc.

In 2020, Dana started using 3D printers at its Advanced Manufacturing Center in Maumee, Ohio to manufacture face shield components for use during the coronavirus pandemic.

In March 2021, Dana acquired Pi Innovo from Plymouth, Michigan.


Mission
At Dana, we strive to make the world a better place, leveraging our team’s effort and innovation to develop technologies and solutions that are safe, efficient, and clean.

Vision
Dana's vision is to unleash the potential of our people, products, and partners to make the world cleaner, safer, and smarter.

Key Team

Mr. Antonio Valencia (Pres of Power Technologies & Global Electrification)

Mr. James D. Kellett (VP & Chief Accounting Officer)

Mr. Aziz S. Aghili (Exec. VP and Pres of Heavy Vehicle)

Mr. Christophe J. Dominiak (Sr. VP & CTO)

Mr. Matthew H. Fahnestock (VP & Chief Information Officer)

Mr. Craig Barber (Sr. Director of Investor Relations & Strategic Planning)

Ms. Maureen Pittenger (Sr. VP & Chief HR Officer)


Recognition and Awards
Dana has received numerous awards and recognitions, including three valuable patents. Dana has gained distinction as a leader in the automotive and commercial vehicle industries, including being named Automotive News' 2015 Supplier of the Year, and a 2017 Deloitte Manufacturing Leadership Award Winner.

References
Dana
Leadership team

Mr. Timothy R. Kraus (Sr. VP & CFO)

Mr. James K. Kamsickas (Chairman, Pres & CEO)

Mr. Douglas H. Liedberg (SVP, Gen. Counsel, Corp. Sec. and Chief Compliance & Sustainability Officer)

Products/ Services
Finance, Financial Services, FinTech, Mobile Apps
Number of Employees
20,000 - 50,000
Headquarters
Jakarta, Jakarta Raya, Indonesia
Established
2017
Company Registration
SEC CIK number: 0000026780
Revenue
Above - 1B
Traded as
DAN
Social Media
Mon Feb 26 2024
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