Dana Incorporated is an American supplier of axles, driveshafts, and electrodynamic, thermal, sealing, and digital equipment for conventional,hybrid, andelectric-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 inMaumee,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 theFortune 500.[2]
In 1922, Spicer was listed on the New York Stock Exchange.
In 1925, Spicer expanded internationally taking a holding in licensee in England, Hardy, renamedHardy 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 2007, Dana canceled 150 million shares of stock during their bankruptcy.[8]
In 2018, Dana announced that it was buying a majority stake inTM4 Inc.,[9] a company specialized in electric powertrains, for C$165 million (US$127 million).
In 2019, Dana acquired privately held SME Group (Italy).[10]
In March 2019, Dana purchased Drive Systems segment of theOerlikon Group, including theGraziano Trasmissioni and Fairfield brands and VOCIS, a wholly owned electronic controls business located in the UK.[11]
In August 2019, Dana acquired Nordresa Motors, Inc.[12]
In 2020, Dana started using 3D printers at its Advanced Manufacturing Center in Maumee, Ohio to manufacture face shield components for use during thecoronavirus pandemic.[13]
In March 2021, Dana acquired Pi Innovo from Plymouth, Michigan.[14]
US$ 10.2 billion(FY 2022)
US$ -242 million(FY 2022)
