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) announced plans for a new facility in Pune, India, covering 50,000 square feet. This facility will produce Dana TM4 electric motors, inverters, and control units for electrified vehicles, aimed at supporting the growing demand for electric mobility. Scheduled to open later this year, the site will enhance Dana's capabilities in India, marking its 18th facility in the region. Dana's strategic investments and acquisitions since 2017 emphasize its commitment to electrification and expansion in the Asia-Pacific market.
Dana Incorporated (NYSE: DAN) will participate in the RBC Capital Markets Global Industrials Virtual Conference on September 15, 2020, at 3 p.m. EDT. During this session, Jonathan Collins, the Executive Vice President and CFO, will provide an overview of the company and engage in a Q&A session lasting approximately 30 minutes. Investors can access the webcast through Dana's Investor website prior to the event. Dana, founded in 1904, specializes in power-conveyance and energy-management solutions, reporting sales of $8.6 billion in 2019.
Dana Incorporated (NYSE: DAN) will present at the J.P. Morgan Auto Conference on August 12, 2020, at 12:20 p.m. EDT. CEO James Kamsickas and CFO Jonathan Collins will discuss company insights and take questions for around 30 minutes.
Investors can access the webcast details on Dana's Investor website prior to the event. With over 36,000 employees, Dana specializes in power-conveyance and energy-management solutions, reporting $8.6 billion sales in 2019.
Dana reported second-quarter 2020 financial results with sales of $1.08 billion, down from $2.3 billion in the same period last year. The net loss attributable to Dana was $174 million, translating to a diluted EPS loss of $1.20. Adjusted EBITDA also fell to a loss of $5 million. The company cited a significant decline in demand due to the COVID-19 pandemic, leading to operational disruptions. Dana currently has $1.7 billion in liquidity, but it refrains from issuing full-year guidance amid ongoing economic uncertainty.
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Dana Incorporated (NYSE: DAN) will release its 2020 second-quarter financial results on July 30, 2020, at approximately 7 a.m. EDT. A conference call will follow at 10 a.m. EDT, featuring senior management discussing results and answering questions. Participants can listen via audio streaming or telephone, with registration starting at 9:30 a.m. EDT. The company reported sales of $8.6 billion in 2019, offering power-conveyance and energy-management solutions across various vehicle types.
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Dana Incorporated (NYSE: DAN) announced the pricing of an additional $100 million of its existing 5.375% Senior Notes due 2027 at an issue price of 100.000%. The company plans to utilize the net proceeds from this offering for general corporate purposes. Leading investment banks, including Citigroup and Barclays, are managing the offering. This announcement underscores Dana's ongoing financial strategy, supporting its position in providing efficient drive and motion systems, particularly as the company reported $8.6 billion in sales for 2019.
Dana Incorporated (NYSE: DAN) has announced a registered offering of an additional $100 million of its existing 5.375% Senior Notes due 2027. The offering is subject to market conditions, with net proceeds intended for general corporate purposes. Leading investment banks, including Citigroup and Barclays, are acting as joint-bookrunning managers. The offering follows a previously filed automatic shelf registration with the SEC on November 5, 2019. This announcement does not constitute an offer to sell securities where it is unlawful.
Dana Incorporated (NYSE: DAN) has announced the pricing of its $400 million Senior Notes offering, with a 5.625% interest rate due in 2028. The funds will be used to partially repay borrowings under its revolving credit facility and for general corporate purposes. The offering is being managed by a consortium of financial institutions including Citigroup and Goldman Sachs. The press release includes forward-looking statements, emphasizing potential risks and uncertainties related to the company's performance.