On November 19, Dana Incorporated and Allison Transmission Holdings, Inc. announced that all required regulatory approvals related to the previously announced sale of Dana's Off-Highway business to Allison have been received. The parties intend to close the transaction at or near the end of 2025.
"Finalizing this tra
Dana Inc. plans to close its Auburn Hills, Michigan, plant and lay off 200 workers after a reduction in orders for its battery cooling products due to a slowing demand for EV market. Dana Thermal Products LLC said it will permanently lay off all employees at the plant starting October 9 and continuing through January
On July 13, the UK Government launched the GBP 2.5 billion DRIVE35 program to support the automotive industry. It will fund a wide spectrum of projects that help the transition to zero-emission vehicle manufacturing, targeting established high-volume manufacturing and multi-billion-pound gigafactories, all the way to
On June 11, Allison Transmission Holdings Inc. announced it has entered into a definitive agreement to acquire the Off-Highway business of Dana Incorporated, a leading provider of drivetrain and propulsion solutions, for approximately USD 2.7 billion.
The acquisition, now approved by both companies' Boards of Direct
Dana Incorporated (Dana) announced the new AdvanTEK 40 Pro axle system, the next evolution of its 40,000-pound 6x4 tandem axle system.
Designed to meet evolving commercial vehicle fleet requirements and engineered with innovative component technologies, the AdvanTEK 40 Pro axle system features that include:
• Bro
On November 25, Dana Inc. announced the appointment of R. Bruce McDonald Chairman of the Board and CEO, following the retirement of James Kamsickas as CEO.
Dana has engaged financial advisors Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC to sell its Off-Highway business, which provides drive and motion systems
On November 15, 2024, FUTA Group, Kim Long Motor, and Dongfeng Dana Axle officially reached a strategic cooperation agreement regarding technology transfer, production lines, and exclusive distribution rights for Dongfeng Dana Axle products in the Vietnamese market.
Kim Long Motor has officially received the rights
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Dana Canada Corp. announced an investment of approximately CAD 60 million to expand its manufacturing capacity of thermal management systems for EV batteries and electronics across its two facilities in Oakville and Cambridge. Efforts to increase production capacity at the Cambridge plant, in addition to supporting o
Dana Incorporated (Dana) announced that Dana Neu-Ulm will start Europe's largest production of metallic bipolar plates in Neu-Ulm in October 2023. It will produce 8 million fuel cell components per year. Full capacity will be reached in 2024. The construction of a new line was started in August 2022. An existing logi
The Hungarian Investment Promotion Agency announced that Dana Incorporated (Dana) has launched 2 projects to expand its operation in Győr, Hungary to meet the growing demand for EVs, with an investment worth EUR 96 million. This new investment will create around 300 jobs for highly skilled workers. A EUR 69.5 million
Dana Inc. announced an expansion of its Spicer Electrified e-Powertrain offerings to include a family of e-Transmissions for a wide variety of medium-duty electric-vehicle applications. The technology will launch on a global electric vehicle platform in early 2024. Spicer Electrified Zero-6 e-Transmissions optimize o
Dana Incorporated (Dana) announced the development of metallic bipolar plates specifically engineered to maximize the performance, and accelerate the commercialization, of proton exchange membrane (PEM) electrolyzers used to produce hydrogen fuel. Dana's integrated bipolar plates are made of steel or titanium with va
Dana Inc. announced several initiatives―including new drivetrain offerings for electrified vehicles and production plant improvements in Lafayette, Indiana. Dana is debuting the Spicer Electrified eSP502 e-Transmission for the North American market with its dual-motor, two-speed design built on a flexible, modular pl
Dana Incorporated (Dana) has decided to build its Asia-Pacific vehicle core systems and components research and manufacturing headquarters in the Wanshan Lake National Industrial Science Park in Wuxi, Jiangsu Province. The facility will cover an area of 120,000 square meters. Construction is scheduled to be completed
Dana Cardanes inaugurated a new USD 21 million plant in Querétaro, Mexico with a production line that will manufacture components for Toyota. The first production line, which has already started with 110 employees, will be joined later in 2023 by two more lines for a total annual production of 545,000 units with 300
Dana Inc. (Dana) announced that it has signed a long-term agreement with Semikron Danfoss, one of the world's leading manufacturers of power modules, to secure the supply of silicon-carbide semiconductors, which are designed to be scalable in multiple-chip formats. Targeted for multiple customer programs across the l
Dana Inc. announced that it will be highlighting an array of field-ready electrified solutions for the off-highway market at Bauma 2022, October 24-30 in Munich, Germany. Dana's exhibition will feature its complete electric systems capabilities for a broad range of applications and will include the latest innovations
Dana Inc. announced it had been awarded a 2022 PACE Award for its for Spicer Electrified Complete Battery Electric e-Propulsion and e-Power System at an event in Detroit. Dana began supplying its complete e-Propulsion and e-Power systems in 2020, and its technologies are featured on customer programs that include Ken
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