Company:Dana Incorporated

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Dana Incorporated
TypePublic
NYSE: DAN
S&P 600 Component
ISIN[https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=US2358252052 US2358252052]
IndustryAutomotive industry
Founded1904; 122 years ago (1904)
FoundersClarence W. Spicer
Charles A. Dana
Joseph Victor
Hugo Reinz
J.B. Long
Headquarters
Maumee, Ohio
,
U.S.
Area served
Worldwide
Key people
James K. Kamsickas (Chairman & CEO)
ProductsAxles, driveshafts, sealing and thermal products for automotive, commercial vehicle, and off-highway vehicle manufacturers
RevenueIncrease US$ 10.2 billion (FY 2022)
Increase US$ 763 million (FY 2022)
Decrease US$ -242 million (FY 2022)
Total assetsIncrease US$ 7.4 billion (FY 2022)
Number of employees
41,800 (2022)
Websitewww.dana.com
Footnotes / references
[1]

Dana Incorporated is an American supplier of axles, driveshafts, and electrodynamic, thermal, sealing, and digital equipment for conventional, hybrid, and electric-powered vehicles. The company's products and services are aimed at the light vehicle, commercial vehicle, and off-highway equipment markets. Founded in 1904 and based in Maumee, Ohio, the company employs nearly 36,000 people in 33 countries. In 2022, Dana generated sales of $10.2 billion. The company is included in the Fortune 500.[2]

History

Dana corporate headquarters, Maumee, OH
  • In 1904, Clarence W. Spicer, engineer, inventor, and founder of the company, began manufacturing universal joints in Plainfield, New Jersey.
  • Also in 1904, the first C.W. Spicer "u-joints" were shipped to Corbin Motor Company in Connecticut.
  • In 1905, Spicer Universal Joint Manufacturing Company was incorporated.[3]
  • In 1909, the company changed its name to Spicer Manufacturing Company.
  • In 1910, Spicer relocated to South Plainfield, New Jersey.[3]
  • In 1914, Charles Dana joined the company.
  • In 1922, Spicer was listed on the New York Stock Exchange.
  • In 1925, Spicer expanded internationally taking a holding in licensee in England, Hardy, renamed Hardy Spicer.
  • In 1946, Dana became president and treasurer, and the company was renamed the Dana Corporation. Spicer becomes the brand name for the company's driveline products.[4]
  • In 1963, Dana acquired the Perfect Circle Company.[5]
  • In 1972, Dana bought a 35% stake in Wolverhampton-based engineering company, Turner Manufacturing.[6] The remaining shares were acquired a few years later.
  • In 2006, Dana filed for bankruptcy.[7]
  • In 2007, Dana canceled 150 million shares of stock during their bankruptcy.[8]
  • In 2018, Dana announced that it was buying a majority stake in TM4 Inc.,[9] a company specialized in electric powertrains, for C$165 million (US$127 million).
  • In 2019, Dana acquired privately held SME Group (Italy).[10]
  • In March 2019, Dana purchased Drive Systems segment of the Oerlikon Group, including the Graziano Trasmissioni and Fairfield brands and VOCIS, a wholly owned electronic controls business located in the UK.[11]
  • In August 2019, Dana acquired Nordresa Motors, Inc.[12]
  • In 2020, Dana started using 3D printers at its Advanced Manufacturing Center in Maumee, Ohio to manufacture face shield components for use during the coronavirus pandemic.[13]
  • In March 2021, Dana acquired Pi Innovo from Plymouth, Michigan.[14]

Products

Key products include axles, drive shafts, universal joints and sealing and thermal-management products.

Axles

eAxle

  • eS1100r 48V e-Axle
  • eS4500r e-Axle
  • eS9000r e-Axle
  • Hybrid Rear Axle Module
  • Zero-8 e-Axles
  • eS13.0Xr e-Drive Axle
  • e-Axle Heavy Duty
    • eS17D
    • eS20D e-Axle
  • Electrified Transaxle

Suspension

  • Twin Traction Beam

Transfer Cases

  • Dana 18
  • Dana 20
  • Dana 21
  • Dana 24[15]
  • Dana 300[16]

References

  1. ↑ "Dana Incorporated (DAN)". Yahoo! Finance. https://finance.yahoo.com/q/pr?s=DAN+Profile. 
  2. ↑ "Dana Incorporated (DAN) Company Profile, News, Rankings". Fortune. https://fortune.com/company/dana/fortune500/. 
  3. ↑ 3.0 3.1 Raber, Michael S.. "Spicer Manufacturing Company". Historic American Engineering Record. http://lcweb2.loc.gov/pnp/habshaer/nj/nj1800/nj1809/data/nj1809data.pdf. 
  4. ↑ "Cape Chamber honors company at industrial dinner". Southeast Missourian. 8 October 1993. https://news.google.com/newspapers?id=TasfAAAAIBAJ&sjid=8NYEAAAAIBAJ&pg=1142%2C5386062. 
  5. ↑ "History". https://hagerstown.in.gov/history/. 
  6. ↑ Turner Manufacturing Company Limited
  7. ↑ Peters, Jeremy W. (3 March 2006). "Auto Supplier Dana Files for Bankruptcy Protection". The New York Times. https://www.nytimes.com/2006/03/03/business/03cnd-dana.html?_r=0. 
  8. ↑ Pakulski, Gary T. (5 September 2007). "Dana plans to cancel 150m shares of old stock: Investors get nothing following Chapter 11". Toledo Blade. http://www.toledoblade.com/article/20070905/BUSINESS03/709050400. 
  9. ↑ Henry, Jim (22 June 2018). "Dana buying majority stake in Canada's TM4 in effort to expand reach". https://canada.autonews.com/article/20180622/CANADA/180629916/dana-buying-majority-stake-in-canada-s-tm4-in-effort-to-expand-reach. 
  10. ↑ "Dana Acquires SME Group, Enhances Electromobility Capabilities and Global Reach". 15 January 2019. https://www.dana.com/newsroom/press-releases/dana-acquires-sme-group-enhances-electromobility-capabilities-and-global-reach/. 
  11. ↑ "Dana Completes Purchase of Drive Systems Segment of Oerlikon Group". 1 March 2019. https://www.prnewswire.com/news-releases/dana-completes-purchase-of-drive-systems-segment-of-oerlikon-group-300804763.html. 
  12. ↑ "Dana Acquires Nordresa, Industry-leading e-Powertrain Integrator". 26 August 2019. https://www.dana.com/newsroom/press-releases/dana-acquires-nordresa-industry-leading-e-powertrain-integrator/. 
  13. ↑ "OEMs retool to produce PPE". FleetOwner. 8 April 2020. https://www.fleetowner.com/covid-19-coverage/article/21128248/auto-oems-retool-to-produce-ppe. 
  14. ↑ "Dana Acquires Pi Innovo LLC, Further Enhancing e-Propulsion Software, Controls, and Electronics Capabilities". 1 March 2021. https://www.dana.com/newsroom/press-releases/dana-acquires-pi-innovo-llc-further-enhancing-e-propulsion-software-controls-and-electronics-capabilities/. 
  15. ↑ "Transfer Case Basics - FORDification.com". https://www.fordification.com/tech/transfercase.htm. 
  16. ↑ "Novak Conversions Transfer Case Knowledge Gateway". https://www.novak-adapt.com/knowledge/transfer-cases/transfer-cases-gateway.html. 



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