Dana Inc Stock Price, News & Analysis

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.

Dana Incorporated (NYSE: DAN) announced its advanced drive technologies were utilized in all four winners of the "Tractor of the Year 2021" awards. The winners include the Massey Ferguson 8 S.265, Valtra G 135 Versu, Fendt 211 V Vario, and Claas Axion 960 CEMOS tractors, showcasing Dana's Spicer steer axles and high-precision gears. Dana's innovations significantly enhance fuel efficiency and operator comfort, impacting productivity in agriculture. Overall, Dana's technologies were featured in 10 of the 18 finalists for this prestigious international award.

Dana Incorporated (NYSE: DAN) will participate in the Credit Suisse Virtual Industrials Conference on Dec. 3, 2020. The company's Executive Vice President and CFO, Jonathan Collins, will engage in a fireside chat scheduled for 12:30 p.m. EST. Investors can access the webcast through Dana's Investor website, www.dana.com/investors. Dana, based in Maumee, Ohio, is a leader in power-conveyance and energy-management solutions, reporting sales of $8.6 billion in 2019.

Dana Incorporated (NYSE: DAN) has launched the production of new track drives in China, designed for various tracked construction machinery. These drives feature Spicer Torque-Hub™ ratings from 10 kNm to 130 kNm, enhancing diesel and electric-driven equipment. The local manufacturing in Yancheng, China, will shorten supply times and support the growing demand in China's construction market. Dana is also presenting its comprehensive range of drive systems at Bauma China, aiming to optimize efficiency and performance in tracked applications.