Dana Incorporated

Dana Incorporated is an American supplier of axles, driveshafts, transmissions, 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 2019, Dana generated sales of $8.6 billion. The company is included in the Fortune 500.[2]

Dana Incorporated
Public
Traded asNYSE: DAN
S&P 400 Component
ISINUS2358252052 
IndustryAutomotive industry
Founded1904 (1904)
FounderClarence W. Spicer, Charles A. Dana, Joseph Victor, Hugo Reinz, J.B. Long
Headquarters
Maumee, Ohio
,
United States
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
Revenue US$ 8.6 billion (FY 2019)
US$ 637.0 million (FY 2019)
US$ 226.0 million (FY 2019)
Total assets US$ 7.2 billion (FY 2019)
Number of employees
36,000 (2019)
Websitewww.dana.com
Footnotes / references
[1]

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 2006, Dana filed for bankruptcy.[5]
  • In 2007, Dana canceled 150 million shares of stock during their bankruptcy.[6]
  • In 2018, Dana announced that it was buying a majority stake in TM4 Inc.,[7] a company specialized in electric powertrains, for C$165 million (US$127 million).
  • In 2019, Dana acquired privately held SME Group (Italy).[8]
  • 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.[9]
  • In August 2019, Dana acquired Nordresa Motors, Inc.[10]
  • 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.[11]

Products

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

Axles

Suspension
  • Twin Traction Beam

References
  1. "Dana Incorporated (DAN)". Yahoo! Finance.
  2. "Dana". Fortune. Retrieved 2018-12-20.
  3. Michael S. Raber, Historic American Engineering Record (HAER) No. NJ-144, "Spicer Manufacturing Company Archived 2014-01-06 at the Wayback Machine, 2006."
  4. Southeast Missourian: Cape Chamber honors company at industrial dinner, October 08, 1993
  5. Peters, Jeremy W. "Auto Supplier Dana Files for Bankruptcy Protection, The New York Times, 03 March 2006. Retrieved 06 October 2013.
  6. Pakulski, Gary T. "Dana plans to cancel 150m shares of old stock: Investors get nothing following Chapter 11", toledoBlade.com, 5 September 2007. Retrieved on 2 October 2010.
  7. "Auto News Canada".
  8. "Dana Acquires SME Group, Enhances Electromobility Capabilities and Global Reach - Jan 15, 2019". Dana Incorporated.
  9. "Dana Completes Purchase of Drive Systems Segment of Oerlikon Group - Mar 1, 2019". Dana Incorporated.
  10. "Dana Acquires Nordresa, Industry-leading e-Powertrain Integrator - Aug 26, 2019". Dana Incorporated.
  11. "OEMs retool to produce PPE". FleetOwner. 8 April 2020. Retrieved May 2, 2020.
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