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) will release its 2024 second-quarter financial results on July 31, 2024. A press release will be issued at approximately 7 a.m. EDT, followed by a conference call and webcast at 9 a.m. EDT. The company's senior management will discuss results and answer questions. The call can be accessed via toll-free and toll dial-in numbers, with audio streaming and slides available on Dana's investor website.
Dana, based in Maumee, Ohio, is a leader in propulsion and energy-management solutions for mobility markets globally. The company reported sales of $10.6 billion in 2023 and has 42,000 employees across 31 countries. Dana has been recognized as one of the 'World's Most Ethical Companies' for 2023 and 2024 by Ethisphere and as one of 'America's Most Responsible Companies 2023' by Newsweek.
Dana Incorporated (NYSE: DAN) has appointed Brian Pour as Senior Vice President and President of Dana Commercial Vehicle Drive and Motion Systems, effective July 22. Pour, with over 30 years of experience in the mobility industry, succeeds Aziz Aghili, who recently retired. Pour's background includes serving as President and CEO of Auria Solutions , and holding key roles at International Automotive Components, Lear , and Textron Automotive.
Dana's Chairman and CEO, James Kamsickas, highlighted Pour's proven global experience and deep technical and operational background as assets for leading Dana's Commercial Vehicle Business Unit. Dana, based in Maumee, Ohio, reported sales of $10.6 billion in 2023 and has been recognized for its ethical practices and corporate responsibility.
Dana Incorporated (NYSE: DAN) has appointed Lisa Amend as Senior Vice President and Chief Human Resources Officer, effective June 26, 2024. With over 20 years of experience in labor and employment law, Amend has a comprehensive background in HR-related litigation, labor relations, and executive compensation. She will oversee Dana's HR strategy, including talent acquisition, management, development, and diversity initiatives.
Amend has been with Dana for over 12 years, rejoining in 2020 as Senior Legal Counsel. Previously, she held senior roles at Marathon Petroleum and the law firm Taft, Stettinius & Hollister LLP. She holds degrees from Miami University, University of Cincinnati College of Law, and Bowling Green State University. Dana, a global leader in propulsion and energy-management solutions, reported $10.6 billion in sales for 2023 and employs 42,000 people worldwide.
Dana Incorporated (NYSE: DAN) received the 2024 Automotive News PACE Award for its electro-mechanical, infinitely variable transmission system. The technology allows vehicles to switch between engine-only, hybrid, and battery-only modes, reducing CO2 emissions and improving performance. Dana's innovative solution is being used in commercial vehicles like firetrucks and ARFF vehicles, offering sustainability benefits and reduced fuel consumption.
Dana Incorporated reported strong financial results for the first quarter of 2024 with increased sales, adjusted EBITDA, and improved free cash flow. Sales were $2.7 billion, net income was $3 million, and adjusted EBITDA was $223 million. The company raised its full-year free cash flow guidance by $25 million. Despite a $29 million charge related to the divestiture of the European hydraulics business, Dana's performance was robust, driven by stable demand, efficiency improvements, and strong profit growth.
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