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 $8.1 billion. The company is included in the Fortune 500.
|Traded as||NYSE: DAN|
S&P 400 Component
|Founder||Clarence W. Spicer, Charles A. Dana, Joseph Victor, Hugo Reinz, J.B. Long|
|James K. Kamsickas (President & CEO)|
|Products||Axles, driveshafts, sealing and thermal products for automotive, commercial vehicle, and off-highway vehicle manufacturers|
|Revenue||US$ 8.1 billion (FY 2018)|
|US$ 568.0 million (FY 2018)|
|US$ 427.0 million (FY 2018)|
|Total assets||US$ 5.9 billion (FY 2018)|
Number of employees
|Footnotes / references|
- 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.
- In 1909, the company changes its name to Spicer Manufacturing Company.
- In 1910, Spicer relocates to South Plainfield, New Jersey.
- 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.
- In 2006, Dana filed for bankruptcy.
- In 2007, Dana canceled 150 million shares of stock during their bankruptcy.
- In 2018, Dana announced that it was buying a majority stake in TM4 Inc., a company specialized in electric powertrains, for C$165 million (US$127 million).
- In 2019, Dana acquired privately held SME Group (Italy).
- 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?]
- Dana acquires Nordresa Motors, Inc.[when?]
- "Dana Incorporated (DAN)". Yahoo! Finance.
- "Dana". Fortune. Retrieved 2018-12-20.
- 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". Auto News Canada.
- "Dana Acquires SME".
- "Dana News - Completes purchase of Drive Systems Segment of Oerlikon Group".
- "Dana Acquires Nordresa".