Welcome to our dedicated page for Dana news (Ticker: DAN), a resource for investors and traders seeking the latest updates and insights on Dana stock.
Dana Inc (DAN) delivers cutting-edge propulsion systems and energy-management solutions for global mobility markets. This page provides centralized access to official company announcements, including product innovations, financial updates, and strategic partnerships.
Investors and industry professionals will find timely updates on electrified drivetrains, OEM collaborations, and operational milestones across Dana’s core segments: light vehicles, commercial fleets, and off-highway equipment. Content includes earnings reports, technology breakthroughs, and sustainability initiatives.
All updates are sourced directly from Dana’s communications to ensure accuracy. Bookmark this page for streamlined access to developments impacting vehicle efficiency, thermal management advancements, and Dana’s position in evolving mobility markets.
Dana Incorporated (NYSE: DAN) has appointed Timothy R. Kraus as its new senior vice president and chief financial officer, succeeding Jonathan Collins, who will join Clarivate plc (NYSE: CLVT). Kraus, a Dana veteran with over a decade at the company, previously served as senior vice president of finance and treasurer, overseeing global treasury operations and strategic acquisitions. CEO James Kamsickas acknowledged Kraus's crucial role in Dana's transformation strategy, enhancing innovation and balance sheet strength. Collins will assist in the transition until December 15, 2021.
Clarivate (NYSE: CLVT) announced a leadership change with the departure of CFO Richard Hanks, effective December 16, 2021. His successor, Jonathan Collins, currently CFO of Dana (NYSE: DAN), will take over to drive the company's ongoing growth. Hanks will assist during the transition until April 1. Collins brings extensive experience from Dana and ProQuest, where he held senior financial roles. Clarivate's Executive Chairman praised Hanks for his contributions over the past five years and expressed confidence in Collins' ability to lead the financial strategy moving forward.
Dana Incorporated (NYSE: DAN) will participate in Credit Suisse's 9th Annual Industrials Conference on Dec. 1, 2021, at 12:10 p.m. EST. Jonathan Collins, Executive Vice President and CFO, will engage in a 30-minute fireside chat. Investors can access the webcast via Dana's Investor website before the event.
Headquartered in Maumee, Ohio, Dana generated $7.1 billion in sales in 2020, employing 38,000 people globally. The company focuses on sustainable mobility solutions and has been recognized for its corporate responsibility.
Dana Incorporated (NYSE: DAN) announced a new $50 million manufacturing facility in Åmål, Sweden, dedicated to producing electric motors for the mobility industry. The Swedish government has provided $10.7 million in support for this sustainable operation, which aims to enhance Dana's e-Propulsion capabilities. Scheduled to open in late 2022, the facility will create over 80 jobs and is crucial for meeting growing demand for electrified vehicle solutions. The innovative facility will support a range of vehicles from light to heavy-duty categories, bolstering Dana's competitive position in the European market.
Dana Incorporated (NYSE: DAN) announced the pricing of a $350 million offering of 4.500% Senior Notes due 2032. The net proceeds will be utilized, along with existing cash, to repay $349 million in outstanding borrowings under its senior secured term loan B facility. A group of financial institutions, including Citigroup and Barclays, are managing the offering. The offering's details are provided in a prospectus available through several investment services. Dana emphasizes its focus on efficient propulsion and energy-management solutions, contributing to sustainability across various mobility markets.
Dana announced a registered offering of $350 million in senior unsecured notes due 2032. The proceeds aim to repay $349 million in borrowings from its senior secured term loan B facility. This offering is part of Dana's ongoing financial strategy to manage its debt and strengthen its balance sheet. The company engages Citigroup, Barclays, and other financial institutions as joint-bookrunning managers for this offering. The offering is filed with the SEC under a previous registration statement.
Dana Incorporated (NYSE: DAN) will participate in the Barclays Global Automotive and Mobility Tech Conference on Nov. 18, 2021. The event, starting at 10 a.m. EST, will feature Chairman and CEO James Kamsickas and CFO Jonathan Collins, providing a company overview and answering questions for approximately 35 minutes.
Access details for the webcast will be available on Dana's investor website prior to the conference.
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