Dana Incorporated

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Dana Incorporated
Public
Traded asNYSEDAN
S&P 400 Component
ISINUS2358252052 Edit this on Wikidata
IndustryAutomotive industry
Founded1904; 115 years ago (1904)
FounderClarence W. Spicer, Charles A. Dana, Joseph Victor, Hugo Reinz, J.B. Long
Headquarters,
Area served
Worldwide
Key people
James K. Kamsickas (President & CEO)
ProductsAxles, driveshafts, sealing and thermal products for automotive, commercial vehicle, and off-highway vehicle manufacturers
RevenueIncrease US$ 8.1 billion (FY 2018)
Increase US$ 568.0 million (FY 2018)
Increase US$ 427.0 million (FY 2018)
Total assetsIncrease US$ 5.9 billion (FY 2018)
Number of employees
30,900 (2018)
Websitewww.dana.com
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 2018, Dana generated sales of $8.1 billion. The company is included in the Fortune 500.[2]

History[edit]

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" 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]
  • 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.[when?][9]
  • Dana acquires Nordresa Motors, Inc.[when?][10]

Products[edit]

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

Axles[edit]

Suspension[edit]

References[edit]

  1. ^ "Dana Incorporated (DAN)". Yahoo! Finance.
  2. ^ "Dana". Fortune. Retrieved 2018-12-20.
  3. ^ 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."
  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". Auto News Canada.
  8. ^ "Dana Acquires SME".
  9. ^ "Dana News - Completes purchase of Drive Systems Segment of Oerlikon Group".
  10. ^ "Dana Acquires Nordresa".

External links[edit]