Dana Incorporated
 | |
| Company type | Public |
|---|---|
| NYSE: DAN S&P 400 Component | |
| Industry | Automotive industry |
| Founded | 1904 |
| Founder | Clarence W. Spicer, Charles A. Dana, Joseph Victor, Hugo Reinz, J.B. Long |
| Headquarters | , |
Area served | Worldwide |
Key people | James K. Kamsickas (Chairman & CEO) |
| Products | Axles, 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) |
| Website | www |
| Footnotes / references [1] | |
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]
History
- 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" are shipped to Corbin Motor Company in Connecticut.
- In 1905, Spicer Universal Joint Manufacturing Company is incorporated.[3]
- In 1909, the company changes its name to Spicer Manufacturing Company.
- In 1910, Spicer relocates to South Plainfield, New Jersey.[3]
- In 1914, Charles Dana joins the company.
- In 1922, Spicer is listed on the New York Stock Exchange.
- In 1925, Spicer expands 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 purchases 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 acquires 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
References
- ^ "Dana Incorporated (DAN)". Yahoo! Finance.
- ^ "Dana". Fortune. Retrieved 2018-12-20.
- ^ a b Michael S. Raber, Historic American Engineering Record (HAER) No. NJ-144, "Spicer Manufacturing Company Archived 2014-01-06 at the Wayback Machine, 2006."
- ^ Southeast Missourian: Cape Chamber honors company at industrial dinner, October 08, 1993
- ^ Peters, Jeremy W. "Auto Supplier Dana Files for Bankruptcy Protection, The New York Times, 03 March 2006. Retrieved 06 October 2013.
- ^ 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.
- ^ "Auto News Canada".
- ^ "Dana Acquires SME Group, Enhances Electromobility Capabilities and Global Reach - Jan 15, 2019". Dana Incorporated.
- ^ "Dana Completes Purchase of Drive Systems Segment of Oerlikon Group - Mar 1, 2019". Dana Incorporated.
- ^ "Dana Acquires Nordresa, Industry-leading e-Powertrain Integrator - Aug 26, 2019". Dana Incorporated.
- ^ "OEMs retool to produce PPE". FleetOwner. 8 April 2020. Retrieved May 2, 2020.