2017 News Releases
|03/21/17||Dana Launches $400 Million Senior Notes Offering|
|MAUMEE, Ohio, March 21, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) ("Dana") today announced that its wholly-owned subsidiary, Dana Financing Luxembourg S.à r.l., is proposing to issue $400 million aggregate principal amount of senior unsecured notes due 2025 (the "2025 Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The 2025 Notes will be fully and unconditionally guaranteed by Dana. Dana in... |
|03/21/17||Dana Incorporated Announces Tender Offer for 2021 Notes|
|MAUMEE, Ohio, March 21, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) ("Dana") today announced the commencement of a cash tender offer (the "Offer") for up to $75 million aggregate principal amount of its 5.375% Senior Notes due 2021 (CUSIP No. 235825AC0) (the "Notes"), upon the terms and conditions set forth in the Offer to Purchase dated March 21, 2017.
The Offer is scheduled to expire at 12:00 midnight, New York City time, at the end of April 17, 2017... |
|03/07/17||Dana's Intelligent Load Monitoring System Available for Pre-Production Testing on Telehandlers|
|LAS VEGAS, March 7, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that its Spicer® Smart Suite™ Intelligent Load Monitoring System (ILMS) is now available for pre-production testing by vehicle manufacturers. Showcased at CONEXPO/CON-AGG, this system for telehandlers uses patented and proprietary data-collecting technologies across the vehicle to prevent tip-over incidents, estimate static loads, and supply intelligent calibration management.
|03/07/17||Dana Showcases Full Value of Integration with Brevini at CONEXPO-CON/AGG|
|LAS VEGAS, March 7, 2017 /PRNewswire/ -- At CONEXPO-CON/AGG, Dana Incorporated (NYSE: DAN) today debuted comprehensive offerings for the global construction, mining, and material-handling industries that include Spicer® drivetrain solutions and newly acquired Brevini™ power-transmission and fluid power solutions.
Dana is exhibiting a complete drive and motion system for 55- to 110-ton (50- to 100- tonne) wheeled and crawler cranes that demonstrates the compa... |
|02/27/17||Dana Introduces Rhombus™ TireAnalytics Solution to Deliver Critical Insights for Lowering Tire Costs, Improving Truck Performance|
|NASHVILLE, Tenn., Feb. 27, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) is unveiling its new Rhombus™ TireAnalytics solution, a cloud-based platform that enables commercial-truck owners and fleet maintenance managers to identify best practices for tire maintenance and optimize tire lifecycle management. The technology is being showcased at the Technology & Maintenance Council's 2017 Annual Meeting.
Leveraging Dana's close collaboration with truckin... |
|02/27/17||Dana Expands Range of Driveline Offerings to Support Engine Downspeeding|
|New Ratio for Spicer® AdvanTEK® 40 Tandem Axle Improves Performance, Efficiency
NASHVILLE, Tenn., Feb. 27, 2017 /PRNewswire/ -- At the Technology & Maintenance Council's 2017 Annual Meeting, Dana Incorporated (NYSE: DAN) is introducing a new axle ratio for the Spicer® AdvanTEK® 40 tandem axle designed to support engine downspeeding for linehaul trucks. This new axle ratio of 2.47:1 allows truck buyers to fine-tune their driveline specifications for an optimized balance of produ... |
|02/27/17||Dana Launches New SPL® 350 Lite Driveshaft, Improving Performance of Industry-Leading Driveline for Engine Downspeeding|
|NASHVILLE, Tenn., Feb. 27, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) is announcing the production launch of its new SPL® 350 Lite driveshaft optimized for high-efficiency on-highway and heavy-haul vehicles with engine downspeeding configurations. The innovation is on display at the Technology & Maintenance Council's (TMC) 2017 Annual Meeting and Exhibition.
Now available at select original-equipment manufacturers (OEMs), the new SPL 350 Lite dri... |
|02/16/17||Dana to Pay Dividend on Common Stock|
|MAUMEE, Ohio, Feb. 16, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that its board of directors has declared a dividend on its common stock.
The board declared a quarterly dividend of $0.06 per share, payable March 24, 2017, to holders of Dana common stock as of March 3.
About Dana Incorporated
Dana is a world leader in highly engineered solutions for improving the efficiency, performance, and sustainability of powered vehicles an... |
|02/13/17||Dana Inc. to Acquire U.S. Manufacturing Corporation's Michigan Operations|
|Investment Strengthens Technology Portfolio, Establishes Additional Facility near Customers
MAUMEE, Ohio, Feb. 13, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced a definitive agreement to purchase axle housing and driveline shaft manufacturing operations from U.S. Manufacturing Corporation (USM).
Under terms of the agreement, Dana plans to acquire USM's Warren, Michigan, assets in exchange for $100 million in cash. This acquisition wi... |
|02/09/17||Dana Incorporated Announces Fourth-Quarter, Full-Year 2016 Financial Results|
|MAUMEE, Ohio, Feb. 9, 2017 /PRNewswire/ --
Sales of $5.8 billion
Net income attributable to Dana of $640 million and diluted EPS of $4.36, inclusive of $478 tax benefit from net release of income tax valuation allowance
Adjusted EBITDA of $660 million, providing a margin of 11.3 percent, with all four business units improving year-over-year margin performance
Diluted adjusted EPS of $1.94, 12% improvement over 2015
|02/02/17||Dana Completes Purchase of Brevini Power-Transmission, Fluid Power Businesses|
|Acquisition expands Dana's portfolio of innovative products with complementary technologies
MAUMEE, Ohio, Feb. 2, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced that it has completed the acquisition of the power-transmission and fluid power businesses of Brevini Group, S.p.A. The transaction closed yesterday, Feb. 1.
The combination of Brevini into Dana's business creates numerous opportunities for profitable growth. Among them, the acquisiti... |
|01/30/17||Dana Recognized as a Top Workplace|
|MAUMEE, Ohio, Jan. 30, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) has been recognized as a Top Workplace in Northwest Ohio by the area's daily newspaper, The (Toledo) Blade.
The Blade partnered with WorkplaceDynamics to determine the region's Top Workplaces. WorkplaceDynamics describes itself as the premier provider of employee feedback and employee improvement solutions.
Employees of each nominated company completed surveys about their place of work, and the rankings were deriv... |
|01/24/17||Dana Introduces New Aftermarket E-commerce Site Connecting Service Technicians with Distributors|
|LAS VEGAS, Jan. 24, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today introduced a new, comprehensive e-commerce platform that streamlines the identification process of the company's automotive and commercial-vehicle replacement parts portfolio and connects service technicians around the world with Dana's aftermarket parts distributors. The announcement was made at the Heavy Duty Aftermarket Week trade show in Las Vegas, where the platform's search functions, real-time inventory, and dis... |
|01/19/17||Dana Incorporated to Announce Fourth-Quarter and Year-End Financial Results, Host Conference Call and Webcast on Feb. 9|
|MAUMEE, Ohio, Jan. 19, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2016 fourth-quarter and year-end financial results on Thursday, Feb. 9, 2017. A press release will be issued at approximately 7 a.m. EST, followed by a conference call and webcast at 9 a.m. Members of the company's senior management team will be available at that time to discuss the results and answer related questions.
Participants may listen to the audio portion of the conference call either throu... |
|01/13/17||Dana Technologies Help Power Award-winning Vehicles, Engines|
|MAUMEE, Ohio, Jan. 13, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that several of its advanced technologies are incorporated into vehicles and engines that have recently received significant industry accolades. Specifically, its technologies are utilized on the 2017 North American Truck and Utility Vehicles of the Year, the Motor Trend Truck of the Year, and six of the 2017 Wards 10 Best Engines.
The 2017 Honda Ridgeline and 2017 Chrysler Pacifica, named the North ... |
|01/10/17||Navistar, Dana Sign Multi-Year Commercial Sales Agreement for Driveline Components|
|MAUMEE, Ohio, Jan. 10, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that it has entered into a multi-year commercial sales agreement (CSA) with Navistar International Corporation (NYSE: NAV) for driveline components for on-highway, city-delivery, bus, and vocational vehicles.
Through this agreement, Navistar has access to the full range of Dana's current driveline product offerings. Further, Dana will remain the standard-position driveshaft supplier across all Navist... |
|01/10/17||Dana Incorporated Announces Preliminary 2016 Financial Results, Provides Guidance for 2017|
|MAUMEE, Ohio, Jan. 10, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced preliminary financial results for 2016 and guidance for 2017. Preliminary results for 2016 are in line with the company's previous guidance, and the 2017 forecast reflects increased sales and adjusted EBITDA.
Preliminary 2016 Financial Results Announced1
Sales of $5.8 billion;
Adjusted EBITDA of $660 million, 11.3 percent of sales
Preliminary sales for the year approximated $5.8 billion, ... |
|01/03/17||Dana Incorporated to Participate in 2017 Deutsche Bank Global Auto Industry Conference on Jan. 10, 2017|
|MAUMEE, Ohio, Jan. 3, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the 2017 Deutsche Bank Global Auto Industry Conference on Jan. 10, 2017. President and Chief Executive Officer James Kamsickas and Senior Vice President and Chief Financial Officer Jonathan Collins will provide a brief overview of the company and answer questions for approximately 40 minutes, beginning at 3:55 p.m. EST.
Information on accessing the webcast will be posted to Dana... |