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 reports news on its vehicle propulsion and powertrain businesses for light- and commercial-vehicle markets. The company designs and manufactures drive systems, electrodynamic technologies, thermal-management products, and sealing solutions for vehicle manufacturers and related aftermarkets.
Recurring updates for Dana Incorporated include financial results, cost-savings actions, new business wins, capital allocation through dividends and share repurchases, debt reduction, and portfolio changes following the completed sale of the Off-Highway business. Company communications also cover the Dana 2030 strategic plan, margin and cash-flow targets, governance matters, and leadership-transition disclosures.
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.
Summary not available.
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.
Dana (NYSE: DAN) has launched comprehensive drive systems for electric-driven mobile elevated work platforms (MEWPs) at Bauma China 2020. This includes a complete package featuring advanced technologies like Spicer Torque-Hub™ wheel drives and low-voltage internal permanent magnet motors. The new system enhances safety, efficiency, and reduces total ownership costs. Dana, with 24 facilities in China and a recent expansion in Yancheng, aims to support local manufacturers like JLG and Zoomlion, driving growth in the Chinese construction market.
Summary not available.
Dana Incorporated (NYSE: DAN) has achieved the Chartered Institute of Procurement & Supply (CIPS) Procurement Excellence Program's Standard award, becoming the first automotive supplier globally and the first U.S. company to do so. This recognition stems from a thorough evaluation of Dana's procurement practices across five key areas: leadership, strategy, people, processes, and performance management. The award highlights Dana's commitment to ethical and efficient sourcing. The certification is valid for two years and reflects Dana's culture of continuous improvement in its supply chain operations.
Dana Incorporated (NYSE: DAN) announced that its Spicer® AdvanTEK® axles will feature in the new 2021 Land Rover Defender, enhancing performance and power density. Dana's relationship with Land Rover dates back to the 1980s, underscoring a long-standing partnership. The Defender's new architecture is designed for extreme conditions, showcasing Dana's commitment to durability and efficiency. Their technologies also improve engine performance through advanced thermal management and engine oil coolers. Dana reported $8.6 billion in sales for 2019 and maintains a strong global presence.
Dana Incorporated (NYSE: DAN) will participate in the Barclays 2020 Global Automotive Conference on November 18, 2020. Chairman and CEO James Kamsickas, along with CFO Jonathan Collins, will present an overview of Dana and address questions starting at 1:55 p.m. EST. Details for accessing the webcast will be available on Dana's Investor website before the event. Founded in 1904 and based in Maumee, Ohio, Dana is a leader in power-conveyance and energy-management solutions, with 2019 sales of $8.6 billion and over 36,000 employees worldwide.