Dana News Updates

BusinessEquipment

Dana Posts Record Q3 Sales, Higher Net Income

Dana Inc. notched higher net income and record revenue in the third quarter, propelled by its backlog and recent acquisitions.

October 31, 2019
BusinessTechnologyEquipment

Dana Announces Partnerships for Electric Vehicles

ATLANTA — Dana Inc. announced three partnerships intended to advance its electrified powertrain business, including one with an unidentified major North American commercial-vehicle manufacturer to supply complete e-powertrain systems for a medium-duty vehicle program beginning next year.

October 27, 2019
BusinessEquipment

Dana Amends Credit Agreement

Dana Inc. announced an amendment to its existing senior secured credit facility that increases the aggregate amount available to $1 billion from $750 million and extends the maturity by two years to 2024.

September 6, 2019
BusinessTechnologyEquipment

Dana Acquires e-Powertrain Integrator Nordresa

Dana Inc. announced it completed the acquisition of Nordresa Motors Inc., which designs and integrates electric systems for commercial vehicles.

August 26, 2019
Business

Dana Reports 2Q Net Loss of $68 Million on Pension Plan Charge

Dana Inc., a major supplier of drivetrain, sealing and thermal-management technologies, reported a net loss of $68 million for the second quarter ended June 30.

July 31, 2019
Business

Dana Posts Record Sales in First Quarter, but Net Income Dips

Dana Inc. reported record first-quarter sales for 2019, seeing a 5% increase to $2.16 billion, compared with $2.14 billion in the year-ago period, according to a company news release.

May 2, 2019
BusinessTechnologyFuelAutonomous

Dana Adds Training Video Covering Electrified Vehicles

Dana Inc. announced it expanded its Driveline Forensics training series to include videos covering key safety and maintenance tips for electrified vehicles.

April 22, 2019
BusinessEquipment

Dana Expands Aftermarket Portfolio

Dana Inc. announced the addition of premium aftermarket differential carrier bearing kits to its Spicer Select all-makes drivetrain portfolio.

April 5, 2019
BusinessTechnologyEquipmentFuel

Dana, Hyliion Partner to Market Electric-Hybrid Technology

Dana Inc. announced it has taken an equity position as a lead investor in the Class 8 electrification company Hyliion Inc. to expand Dana’s ability to offer complete diesel-electric hybrid systems.

March 7, 2019
GovernmentTechnologyEquipment

Dana Finalizes Deal for Oerlikon’s Drive Systems Unit

Dana Inc. announced it has completed the acquisition of the drive systems segment of the Oerlikon Group, including the Graziano and Fairfield brands, to expand the company’s capabilities in electrification and its manufacturing presence in key growth markets.

March 1, 2019