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 acquired Pi Innovo LLC, a specialist in embedded software and electronic control units for the automotive sector. This acquisition enhances Dana's in-house capabilities in electrification and electrodynamics. With over 25 years of experience, Pi Innovo provides strong modular software solutions that will support Dana's electric vehicle initiatives. This strategic move positions Dana to better serve the evolving needs of original equipment manufacturers in the vehicle electrification market.
Dana Incorporated (NYSE: DAN) has appointed Byron Foster as the senior vice president and chief commercial, marketing, and communications officer, effective immediately. With over two decades of experience in the mobility sector, Foster previously held senior roles at Johnson Controls and Adient. His responsibilities include leading Dana's commercial strategies globally and facilitating collaboration to enhance customer value. In 2020, Dana reported sales of $7.1 billion and has 38,000 employees across 33 countries.
Dana reported annual sales of $7.1 billion for 2020, down $1.5 billion from 2019, impacted by the global pandemic. The company recorded a net loss of $31 million and diluted EPS loss of $0.21. Despite challenges, Dana's adjusted EBITDA was $593 million with a margin of 8.3%. The company reinstated a quarterly dividend of $0.10 per share and extended its share repurchase program through 2023. Looking ahead, Dana targets 2021 sales between $8.05 and $8.55 billion, with adjusted EBITDA of $860 to $960 million.
Dana Incorporated (NYSE: DAN) will participate in the Wolfe Research Virtual Global Auto, Auto Tech, and Mobility Conference on February 24, 2021. The session starts at 1:55 p.m. EST, featuring Chairman and CEO James Kamsickas and CFO Jonathan Collins, who will provide an overview of the company and answer questions for approximately 35 minutes. Information on accessing the webcast will be available on Dana's Investor website before the event.
Dana is a leader in power-conveyance solutions and reported $8.6 billion in sales in 2019.
Dana Incorporated (NYSE: DAN) has launched a new drivetrain specifically designed for rough-terrain cranes with lift capacities between 83 to 110 tons. The Spicer® 246 heavy-duty steer axle and Spicer® C3300 remote torque converter enhance operational efficiency, productivity, and reduce operating costs. With ongoing demands from a recovering global construction market, Dana aims to meet the need for high-performance vehicles. The products are currently available for OEM testing and are adaptable for various applications, including airport ground support vehicles.
Dana Incorporated (NYSE: DAN) has appointed Chris Clark as senior vice president of global operations, effective immediately. Clark will lead global manufacturing across over 150 facilities, focusing on safety, customer satisfaction, and operational efficiency. He has extensive experience, previously serving as vice president of operations at Yanfeng Automotive Interiors and Faurecia. This appointment aims to enhance Dana's commitment to quality and efficiency in delivering solutions for light and commercial vehicles while supporting its long-standing manufacturing excellence.
Dana Incorporated (NYSE: DAN) announced an expanded family of TM4 SUMO HP electric motors and inverters, including HV1000 and HV2500, designed for battery-electric, range-extended, and fuel-cell vehicles. These products are set to improve performance in urban delivery, city buses, and long-haul trucks by offering significant power and efficiency benefits. With up to 800 volts DC, the series provides 430 kW of continuous power and is 30% lighter than competitors. Manufacturing is scheduled for the first half of 2021, targeting original-equipment manufacturers for testing.
Dana Incorporated (NYSE: DAN) will announce its 2020 fourth-quarter and year-end financial results on February 18, 2021. A press release will be issued at 7 a.m. EST, followed by a conference call at 9 a.m. EST, where senior management will discuss results and answer questions. Participants can access the call via the Dana investor website or by telephone. Dana is a leader in power-conveyance and energy-management solutions, reporting sales of $8.6 billion in 2019 and employing 36,000 associates in 34 countries.
Dana announced that its Dana 60™ AdvanTEK® solid rear axle will be featured in the 2021 Ram® 1500 TRX™ pickup truck. Utilizing a 3.55 gear ratio and Spicer PerformaTraK™ electronic locking differential, the axle enhances torque and traction. As demand for high-performance, off-road vehicles grows, Dana aims to deliver advanced solutions for durability and performance. The axles will be assembled in Dana's Dry Ridge, Kentucky facility, alongside cylinder head gaskets for the same model. Dana reported $8.6 billion in sales in 2019.
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