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.
On September 28, 2021, Dana Incorporated (NYSE: DAN) held a virtual Capital Markets Day webcast at 10 a.m. EDT. The event featured key presentations from the company's leadership, including James Kamsickas and Jonathan Collins. Attendees gained insights into Dana's vision for the future of electrified mobility and the company's strategy to achieve significant growth and financial returns. Dana reported sales of $7.1 billion in 2020 and operates globally with a strong commitment to sustainability.
Dana Incorporated (NYSE: DAN) will host a Capital Markets Day on Sept. 28, 2021, at its headquarters in Maumee, Ohio. The event, starting at 10 a.m. EDT, will be broadcast virtually and include presentations from key executives, including James Kamsickas and Jonathan Collins. This session aims to provide insights into the future of electrified mobility and Dana's innovative strategies for fostering growth. Access details will be available on Dana's Investor website.
Dana Incorporated (NYSE: DAN) announced enhancements to its Brevini™ helical and bevel helical gearboxes, aimed at mining and bulk material handling applications. The upgraded gearboxes, available in early 2022, feature three new monoblock models tailored to torque demands and series-wide design improvements for better power density. With output torques reaching 1,000 kNm, these gearboxes are designed for efficiency, reduced weight, and minimal lubrication. Dana supports industrial mining with 27 global service centers, ensuring customized solutions to enhance productivity and operational efficiency.
Dana Incorporated (NYSE: DAN) unveiled the Spicer Electrified™ e-Powershift transmission at MINExpo 2021, a modular two-speed solution tailored for electrified heavy-duty mining vehicles. This transmission boasts power outputs of 322 horsepower (dual-motor) and 161 horsepower (single-motor), designed to enhance mining operations' transition to electrification. Prototype testing for OEMs is slated for year-end. The e-Powershift integrates high-voltage motors and an efficient shifting system, aimed at improving performance and reducing maintenance costs in severe mining environments.
Dana Incorporated (NYSE: DAN) will participate in the 2021 RBC Capital Markets Global Industrials Virtual Conference on Sept. 9, 2021, at 8:40 a.m. EDT. CEO Jim Kamsickas and CFO Jonathan Collins will provide an overview and answer questions for approximately 30 minutes. Details for accessing the webcasts will be available on Dana's Investor website before the event. In 2020, Dana reported sales of $7.1 billion and operates in 33 countries worldwide, focusing on sustainable mobility solutions.
Dana Incorporated (NYSE: DAN) announced the initiation of eS9000r e-Axle production to support Freightliner Custom Chassis Corporation's all-electric MT50e delivery vehicle. This e-Axle features a fully integrated design, delivering up to 240 kW of power and enabling a driving range of 170 miles. The system can achieve full charge in about three hours with DC fast charging. Dana is showcasing its solutions at the ACT Expo in Long Beach, California, emphasizing its commitment to sustainable mobility.
Dana Incorporated (NYSE: DAN) announced an expansion of its Spicer Electrified™ e-Powertrain with new e-Axle offerings for Class 7 and 8 vehicles. The Zero-8 e-Axles enhance existing heavy-duty EV solutions, featuring robust technology tailored for demanding applications. The configurations support gross axle weight ratings up to 52,000 pounds, with modular designs for easier servicing. Currently undergoing global testing, these solutions are set for commercial launch in late 2023, meeting growing demands for electrified vehicle platforms.
Dana Incorporated (NYSE: DAN) will participate in the virtual J.P. Morgan Auto Conference on Aug. 11, 2021, at 1:30 p.m. EDT. Jonathan Collins, the company’s Vice President and CFO, will provide an overview of Dana and host a Q&A session lasting approximately 30 minutes. Interested parties can access information on the webcast through Dana's investor website prior to the event.
Based in Maumee, Ohio, Dana reported sales of $7.1 billion in 2020, employing 38,000 people across 33 countries. The company focuses on sustainable and efficient propulsion solutions for the mobility market.
Dana reported sales of $2.21 billion for Q2 2021, a remarkable increase from $1.08 billion in Q2 2020, driven by strong demand. The net income attributable to Dana reached $53 million, a $227 million improvement year-over-year. Diluted EPS rose to $0.36, up by $1.56, with an adjusted EBITDA of $233 million, marking a substantial recovery from a loss last year. Operating cash flow also improved significantly, totaling $67 million. Dana maintains its full-year guidance, expecting sales at the higher end of the range due to robust market demand.
Dana Incorporated (NYSE: DAN) has announced a strategic agreement with Switch Mobility Ltd. to invest in electrified commercial vehicles. Dana will supply electric drivetrain components, including e-Axles, gearboxes, and software, for Switch's EV offerings. The partnership aims to enhance both companies’ positions in the growing market for sustainable urban mobility. Dana reported $7.1 billion in sales for 2020 and is recognized for its sustainability efforts, making this collaboration significant for its future growth.