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 Incorporated (NYSE: DAN) is a manufacturing company that designs and manufactures propulsion and energy-management solutions for vehicles and machines in mobility markets worldwide. News about Dana often highlights its role as a Tier 1 supplier to vehicle manufacturers, its focus on both conventional and clean‑energy technologies, and developments in its light-vehicle and commercial-vehicle businesses.
Visitors to this page can review news releases covering Dana’s financial results, strategic transactions, capital structure actions, and investor communications. Recent announcements include quarterly earnings updates, details on cost‑savings initiatives, and information about the company’s transformation strategy, such as the completed sale of its Off-Highway business to Allison Transmission Holdings, Inc. News items also describe how proceeds from that transaction are being used in tender offers and redemptions of senior notes as part of a broader debt reduction plan.
Dana’s news flow also features participation in investor conferences, scheduled webcasts and conference calls, and updates on dividends declared by its board of directors. Corporate governance developments, such as the appointment of new board members and changes to executive employment agreements, are disclosed through press releases and related SEC filings.
For investors and observers of the automotive and mobility supply chain, Dana’s news provides insight into its operating performance, strategic priorities, and balance sheet management. This page aggregates those announcements so readers can follow disclosures related to propulsion and energy‑management technologies, transformation initiatives, and other material events affecting Dana Incorporated and the DAN stock.
Dana Incorporated (NYSE: DAN) has announced the launch of the Brevini™ S-Series industrial planetary gearboxes designed for biogas production and wastewater treatment facilities. These gearboxes offer maximum output torques up to 290 kNm and are customized for effective heat transfer in digesters. With a proven track record in Europe and Asia-Pacific, they are engineered to withstand harsh environments, featuring corrosion-resistant seals. This initiative supports Dana's commitment to sustainability, contributing to renewable energy advancements, particularly in China, where biogas production is expected to increase significantly over the next decade.
Summary not available.
Dana Incorporated (NYSE: DAN) has launched three new planetary drives with output torque ratings from 80 kNm to 130 kNm, aimed at enhancing support for tracked and wheeled vehicles, as well as winch applications. These drives can be integrated with Brevini hydraulic motors or Dana TM4 electric motors, addressing the rising torque demands in mobile and industrial sectors. The updated designs offer improved performance, efficiency, and flexibility, accommodating input speeds up to 5,000 rpm, and fulfilling stringent safety standards for marine applications. For details, visit dana.com.
Dana Incorporated (NYSE: DAN) has appointed Brett Icahn and Gary Hu from Icahn Capital to its Board of Directors, effective immediately. This collaboration aims to enhance shareholder engagement and improve corporate governance. Icahn Capital, holding approximately 9.9% of Dana's stock, has agreed to support the slate of director nominees for the upcoming 2022 Annual Meeting of Shareholders. CEO James Kamsickas highlighted the company's advancements in mobilization and electrification, while Carl Icahn acknowledged the management's progress despite current operational challenges.
Dana Incorporated (NYSE: DAN) has appointed Ernesto M. Hernández to its board of directors, effective immediately. Hernández, a former president of General Motors Mexico, brings extensive experience in mobility and product engineering. James Kamsickas, Dana's CEO, expressed confidence that Hernández's background in advanced technologies will aid the company's growth in alternative vehicle propulsion. Additionally, Raymond E. Mabus, Jr. will retire from the board at the 2022 Annual Meeting of Shareholders. Dana reported $7.1 billion in sales in 2020, emphasizing sustainability and social responsibility.
Summary not available.
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.