Dana Inc. announced it signed a definitive agreement to purchase the drive systems segment of the Oerlikon Group, a Swiss manufacturer of high-precision gears, planetary hub drives for wheeled and tracked vehicles and products, control and software that support vehicle electrification across the mobility industry.
July 30, 2018Business, Equipment
Dana to Acquire Oerlikon’s Drive Systems Unit
Business
Dana Improves Second-Quarter Net Income, Sales
Dana Inc. reported higher second-quarter revenue and net income as it underscored its growth opportunities as an e-propulsion design, engineering and manufacturing systems supplier.
July 25, 2018Business, Technology, Equipment
Dana, Workhorse Focus on E-Drive Axle
LONG BEACH, Calif. — Dana Inc. and Workhorse Group Inc. showed a concept model medium-duty truck designed for city delivery featuring Dana’s Spicer Electrified, an integrated e-drive axle whose lighter weight allows for higher payloads.
May 8, 2018Business, Equipment
Dana Adds to Offer for UK-based Driveline Operation
Dana Inc. announced it has upped its offer for the driveline division of United Kingdom-based GKN plc by $140 million to $1.77 billion, an 8.6% increase.
March 27, 2018Business, Equipment
Dana Inc. Moves to Acquire Driveline Division of GKN
Dana Inc. announced its signature of definitive agreements to combine with the driveline division of United Kingdom-based GKN plc to create Dana Plc, a global driveline systems company.
March 14, 2018Business, Equipment, Safety
Dana Introduces Tire Management, Axle Innovations
ATLANTA — Dana Inc. introduced the next generation of its Rhombus TireAnalytics platform. It also introduced its new Spicer S172 series single-drive axle for Class 7 and 8 vehicles and its Spicer D172 series heavy-duty tandem axle for construction, heavy haul and severe-service applications.
March 4, 2018Business
Dana Reports Higher 3Q Net Income, Revenue
Dana Inc. reported third-quarter gains in net income and revenue, with a third-quarter net income of $73 million, or 46 cents per share, compared with $61 million, or 39 cents, in the same period last year.
October 26, 2017Business, Equipment
Dana Introduces New Driveshaft Product and Medium-Duty Option
ATLANTA — Dana Inc. launched its latest driveshaft, expanded the availability of a drive axle and offered a new option for certain steer axles, while outlining the trends in electrification.
September 26, 2017Business, Equipment
Dana Names Christophe Dominiak Chief Technology Officer
Dana Inc. named Christophe Dominiak its new chief technology officer, it said.
September 22, 2017Business, Equipment
Dana Hires Matthew Fahnestock as Chief Information Officer
Dana Inc. announced Matthew Fahnestock joined the company as chief information officer. He will oversee the development and implementation of Dana’s enterprise-wide information technology strategy.
September 5, 2017