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 power-conveyance and energy-management solutions. It develops and supplies drive and motion products, sealing solutions, thermal management technologies, fluid power products and electrification products for the light vehicle, commercial vehicle and off-highway vehicle markets.

-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

-During the fiscal year ended December 31, 2024, the Company engaged in various initiatives to improve company efficiency, generate value, and reduce costs. During the year, the Company completed the divestiture of its European hydraulics business. The Company also announced plans to sell its Off-Highway business segment. The Company’s strategy revolves around three primary themes: a focus on on-highway end markets, a measured and more moderate approach to the EV market, and the streamlining of the Company’s cost structure. The strategy will result in measures such as more disciplined investments, and is expected to yield approximately USD 300 million in annual savings. The Company will also transition into a two-segment business structure, integrating the Power Technologies segment into one of the other operating segments.

-Since 2014, the Company had generally increased its investment in capital expenditure in preparation for new programs awarded to the Company. There were exceptions to the general trend in 2018 due to the start of production for new programs, as well as in 2020 due to the effects of the COVID-19 pandemic. The Company’s capital expenditure for the fiscal year ended December 31, 2024, totaled USD 380 million and 3.7% of sales, a decrease from USD 501 million and 4.7% of sales in the fiscal year prior. The downward trend is expected to continue in the following fiscal year, as the Company expects that its capital expenditure for the fiscal year ending December 31, 2025 will be approximately 3.0% of its sales, which are expected to decrease again. The decline in capital investments is due to both global market headwinds as well as the Company’s restructuring initiatives, which includes the planned divestiture of its Off-Highway business and the streamlining of its cost structure.

Competitors

Light Vehicle	Commercial Vehicle	Power Technologies
-American Axle -BorgWarner -Hofer Powertrain -IFA Rotorion -Jing-Jin Electric Technologies -Linamar -Magna -Marelli -Punch Powertrain -Schaeffler -Valeo -Wanxiang -ZF	-Allison Transmission -American Axle -BorgWarner -Cummins -Danfoss -Eaton -Ege Endustri ve Ticaret -Eugen Klein -Hendrickson -Linamar -Tirsan Kardan -ZF	-Denso -ElringKlinger -Freudenberg NOK -Hanon -Mahle -Tenneco -Valeo -YinLun

Shareholders

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

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Products

Light Vehicles
Driveline technologies
-Axles
-Drive shafts
-Propshafts with cardan joints
-Propshafts with flexible coupling joints
-Propshafts with constant velocity joints
-Two-speed powershifting transmissions
-Hybrid powershifting automated manual transmissions
-Automated manual longitudinal transmissions
-All-wheel-drive systems
-Disconnecting all-wheel-drive systems
-Electronic limited slip differentials
-Dual-clutch transaxles
-Manual rear transaxles
-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
-Valve stem seals

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
-Power electronics coolers
-Transmission oil coolers
-Heat shields
-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
E-motor oil 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
Four-speed electric drive transmissions
Motor-inverter systems
Inverters
Electric motors
Low voltage motors
Vehicle controllers

Commercial Vehicles
Driveline technologies
-Steer axles
-Drive axles
-Tandem 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
-e-Transmissions
-Traction inverters
-Bipolar plates
-Electro hydraulic assisted power steer systems
-Bi-directional charger inverters
-Vehicle controllers

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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.
Mar. 2021	Acquired Pi Innovo LLC, a company focused on embedded software solutions and electronic control units.
Feb. 2024	Entered agreement to sell European hydraulics business to HPI Group