Dana Incorporated (Formerly Dana Holding Corporation)

Company Profile

■URL

https://www.dana.com/

■Address

3939 Technology Drive, Maumee, OH 43537, USA

Business Overview

-The Company is a leading global manufacturer of drive and motion products, sealing solutions, thermal management technologies, and fluid power products.

-The Company has four operating segments:

  • Light Vehicle Drive Systems (Light Vehicle)
  • Commercial Vehicle Drive and Motion Systems (Commercial Vehicle)
  • Off-Highway Drive and Motion Systems (Off-Highway)
  • Power Technologies

-The Company primarily serves the light vehicle market, commercial vehicle market, and off-highway vehicle market.

-Starting in 2016, the Company had increased its capital expenditure in preparation for new programs awarded to the Company that would begin production in 2018. The increased capital expenditure continued through 2017 and then decreased in 2018 as production for the new programs began. The Covid-19 pandemic in the fiscal year ended December 31, 2020 negatively affected sales, profit and investment due to global automotive production shutdowns. Specifically, the Company reduced its capital expenditures for the year by USD 100 million compared to the previous year. The Company expects that its capital expenditure in 2021 will be approximately 4.5% of sales, an increase compared to the previous year as the Company aims to support new customer programs in the upcoming year, as investment on certain projects in 2020 was deferred due to the Covid-19 pandemic.

Competitors

Light Vehicle Commercial Vehicle Power Technologies
-American Axle
-BorgWarner
-Hofer Powertrain
-IFA Rotorion
-Schaeffler
-Wanxiang
-ZF
-Allison Transmission
-American Axle
-BorgWarner
-Klein Products
-Meritor
-Tirsan Kardan
-ZF
-Denso
-ElringKlinger
-Freudenberg NOK
-Hanon
-Mahle
-Tenneco
-Valeo
-YinLun

Shareholders

-The Company is listed on the New York Stock Exchange.

Products

Light Vehicles
Driveline technologies
-Axles
-Drive shafts
-Propshafts with cardan joints
-Propshafts with flexible coupling joints
-Propshafts with constant velocity joints
-All-wheel drive systems
-Electronic limited slip differentials
-Lightweight axle tubes
-Hollow shafts

Sealing technologies
-Ring and band valve seals
-Top valve seals
-Bonded valve seals
-Integral valve seals
-Multi-layer steel (MLS) transmission separator plates
-Multi-layer steel (MLS) transmission pump gaskets
-Cylinder head covers
-Oil pan modules
-Multi-layer steel (MLS) cylinder head gaskets
-Molded gaskets
-Electrical connector gaskets
-High-temperature gaskets
-Stamped gaskets
-Insulated and damped heat shields
-Sound absorbing heat shields
-Direct insulation heat shields
-Aluminum heat shields
-Heat shields with integrated gaskets

Thermal technologies
-Stacked plate coolers
-Plate fin coolers
-Mounted oil coolers
-Filter-mounted engine oil coolers
-Engine-mounted engine oil coolers
-Remote-mounted engine oil coolers
-Liquid-cooled charge air coolers
-In-tank style radiators
-Active warm-up systems

E-mobility
-Thermal products

  • Battery interelement cooling plates
  • Battery cold plates
  • Power electronics cooling plates
  • Battery cooling chillers
  • Engine control unit coolers
  • Sub-cooled loop radiators
  • ADAS cooling plates

-Fuel cells

  • Bipolar plates
  • Integrated seals
  • Integrated coatings
  • Hydrogen reformers
  • End-cap components

-e-drive systems

  • e-Gearbox
  • e-Drive unit combining motor, inverter, gearbox and thermal management system
  • Rigid e-Axles
  • Motor-inverter systems
  • Vehicle controllers

 

Commercial vehicles
Driveline technologies
-Steer axles
-Drive axles
-Driveshafts
-Tire pressure management systems for linehaul, vocational or military applications
-Wheel hub systems

Engine technologies
-Thermal acoustic protective shielding (TAPS) heat shields
-Molded gaskets
-Electronic window gaskets
-High-temperature gaskets
-Stamped gaskets
-Multi-layer steel (MLS) cylinder-head gaskets
-Engine-mounted oil coolers
-Remote-mounted engine oil coolers
-Filter-mounted engine oil coolers
-In-tank engine oil coolers
-Ring and band valve seals
-Integral top valve seals
-Bonded valve seals
-Integral valve seals
-Active warm-up systems
-Thermal bypass valves
-Charge air coolers
-Cylinder head covers
-Oil pan modules
-Exhaust gas heat recovery systems
-Sealing modules
-Sound absorbing heat shields
-Direct insulation heat shields
-Aluminum heat shields
-Insulated and damped heat shields
-Heat shields with integrated gaskets

Transmission technologies
-Thermal acoustic protective shielding (TAPS) heat shields
-Sound absorbing heat shields
-Direct insulation heat shields
-Aluminum heat shields
-Insulated and damped heat shields
-Heat shields with integrated gaskets
-Molded gaskets
-Electronic window gaskets
-High-temperature gaskets
-Stamped gaskets
-Active warm-up systems
-Thermal bypass valves
-Exhaust gas heat recovery systems

Fluid power
-Axial piston pumps
-Gear pumps
-Valves
-Orbital motors
-Hydraulic powerpacks
-Hydraulic circuits
-Sensors
-Load cells
-Electronic modules

E-mobility
-High voltage inverters
-Motor-inverter systems
-Low voltage motors
-e-Axles
-Bi-directional charger inverters
-Vehicle controllers

History

Oct. 1916 Incorporation in Virginia, as Spicer Manufacturing Corp., succeeding a New Jersey company of similar name incorporated in 1905.
Jul. 1946 Present name, Dana Corp., adopted.
Nov. 1995 Acquired the European axle group of the British manufacturing company, GKN plc. including three axle-group operations.
Feb. 1997 Acquired the assets of the world wide piston ring and cylinder liner operations of SPX Corporation.
Jan. 1998 Acquired the heavy axle and brake business of Eaton Corporation; General Automotive Specialty Company, Inc.
1999 Acquired Industrias Serva S.A., Dana Heavy Axle Mexico S.A. de C.V., Automotive Motion Technology Ltd., and Echlin Charger Mfg. Co. Pty. Ltd.
Jan. 2000 Acquired the cardan-jointed propeller shaft business of GKN plc.
Sep. 2000 Sold its Brazilian CV joint operation to GKN.
Nov. 2000 Acquired a 30% interest in Getrag Cie, a manufacturer of transmissions, trans axles, axles and other automotive components, and a 49% interest in Getrag's North American operations.
1Q. 2004 Combined the ASG and the former Engine and Fluid Management Group (EFMG) into a single business unit which retained the ASG name.
Jan. 2007 The Company and its subsidiary, Dana Canada Corporation completed the sale of their trailer axle manufacturing assets to Hendrickson USA, L.L.C., a subsidiary of The Boler Company, and its affiliates.
Mar. 2007 Completed the sale of its engine hard parts business to Mahle GmbH.
Jul. 2007 Completed the sale of its European fluid products hose and tubing operations to Orhan Holding, A.S..
Sep. 2007 Completed the sale of its North American coupled fluid products business to Coupled Products Acquisition LLC, a wholly owned subsidiary of Wanxiang (USA) Holdings Corporation. The sale substantially concludes the overall divestiture of its fluid products business.
Jan. 2008 As a result of Dana Corporation's emergence from bankruptcy under Chapter 11 of the United States Bankruptcy Code on Jan. 31, 2008, the Company is the successor registrant to Dana Corporation pursuant to Rule 12g-3 under the Securities Exchange Act of 1934.
2010 Divested its global Structural Products business to Metalsa, S.A. de C.V., a subsidiary of Grupo Proeza of Mexico
Jan. 2015 Sold its Venezuelan subsidiary C.A. Danaven to an independent and locally operated company Manufacturing and Logistics Solutions Ltd.
Aug. 2016 Change the Company name from Dana Holding Corporation to Dana Incorporated, effective August 1, 2016.
Dec. 2016 Acquired strategic assets of commercial vehicle steering axle systems and related forged components businesses of SIFCO.
Feb. 2017 Acquired 80% ownership of Brevini Fluid Power S.p.A. and Brevini Power Transmission S.p.A., enhancing the Company's Off-Highway operating segment and bringing new technologies to be leveraged in other markets.
Mar. 2017 Completed acquisition of axle housing and driveline shaft manufacturing operations of U.S. Manufacturing Corporation for USD 100 million.
Mar. 2018 Melrose Industries acquired 52.43% of the voting rights of GKN, thereby preventing the merger between GKN Driveline and the Company.
Jun. 2018 Acquired 55% interest in TM4, an electric vehicle component supplier, through a joint venture partnership with Hydro-Quebec.
Jul. 2018 Signed definitive agreement to acquire Oerlikon’s Drive Systems Segment for CHF 600 million. The transaction is expected to be completed by the first quarter of 2019.
Jan. 2019 Completed acquisition of SME Group, an Italian company which designs, engineers and manufactures low-voltage AC induction and synchronous reluctance motors, inverters and controls for off-highway vehicle applications.
Mar. 2019 Completed acquisition of Drive Systems segment of the Oerlikon Group.
Aug. 2019 Completed acquisition of Nordresa Motors, a Canadian company which specializes in the development and integration of electric powertrains for commercial vehicles.
Nov. 2020 Signed definitive agreement to purchase portion of Modine Manufacturing Company's automotive segment thermal management business.

Supplemental Information 1