|03/22/18||Dana Secures Contract to Supply Axles for Next-Generation Jaguar, Land Rover Programs|
|MAUMEE, Ohio, March 22, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) has announced new contracts to supply front and rear axles for the next generation of iconic Jaguar and Land Rover luxury vehicles. The estimated value for these programs total more than £300 million.
Dana's latest Spicer® AdvanTEK® axles will deliver greater power density in a compact package, achieving improved fuel efficiency, enhanced performance, and maximum durability. The axles ... |
|03/22/18||Dana Selected as Driveline Supplier for All-New Chevrolet Silverado Class 4, 5, and 6 Chassis Cab Trucks|
|MAUMEE, Ohio, March 22, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that it has been selected as the driveline supplier for the all-new Chevrolet Silverado 4500HD, 5500HD, and 6500HD chassis cab trucks. The conventional-cab trucks will be available in both two-wheel-drive and four-wheel-drive configurations and will feature Spicer® S-Series drive axles, Spicer D-Series steer axles, Spicer front drive steer axles, and Spicer Life Series® driveshafts.
|03/21/18||Dana Incorporated to Participate in Bank of America Merrill Lynch 2018 Auto Summit|
|MAUMEE, Ohio, March 21, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the Bank of America Merrill Lynch 2018 Auto Summit on March 28, 2018. Executive Vice President and Chief Financial Officer Jonathan Collins will provide a brief overview of the company and answer questions beginning at 8:05 a.m. EDT.
Information on accessing the webcast will be posted to Dana's Investor website, www.dana.com/investors, prior to ... |
|03/19/18||Dana Incorporated Increases Guidance for Full Year 2018|
|- Sales guidance increased by $300 million to $7.75 to $8.05 billion
- Adjusted EBITDA guidance increased by $45 million to $950 to $1,010 million
- Margin guidance increased by 10 basis points for implied adjusted EBITDA margin of approximately 12.4 percent
- Diluted adjusted EPS1 guidance increased by 15 cents per share to $2.75 to $3.05
MAUMEE, Ohio, March 19, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced it is raising its 2018 full-year guidance.
|03/19/18||Dana Incorporated Confirms Plans for Secondary Listing of New Company on London Stock Exchange|
|- Plan allows more GKN shareholders to benefit in significant value creation from Dana-GKN Driveline combination
- Combination creates a U.S. and U.K.-led global leader in vehicle drive systems and electric propulsion that is best suited to address the long-term demands of global customers and deliver $235 million in synergies
- GKN shareholders to also benefit from participation in Dana's current $0.10 per share quarterly dividend
MAUMEE, Ohio, March 19, 2018 /PRNewswire/ -- Dana Incor... |
|03/15/18||Dana Incorporated to Host Investor Forum|
|MAUMEE, Ohio, March 15, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will host an investor forum in New York on Monday, March 19, to discuss its proposed combination with GKN Driveline. Beginning at 7:30 a.m. EDT, Dana President and Chief Executive Officer James Kamsickas and Executive Vice President and Chief Financial Officer Jonathan Collins will give a brief presentation followed by a question and answer session.
The event will be hosted by Gugge... |
|03/09/18||Dana Announces Agreement to Combine with GKN's Driveline Division|
|-- Creates a global leader in vehicle drive systems and electric propulsion
-- Significantly increases scale - combined sales of $13.4 billion
-- Anticipated run-rate cost synergies of $235 million
-- Accretive to Dana's adjusted earnings per share in 2019
MAUMEE, Ohio, March 9, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has signed definitive agreements to combine with the Driveline division of GKN plc (LON: GKN) to create Dana plc, a global leader in ... |
|03/05/18||Dana's Next Generation of Rhombus™ TireAnalytics Provides New Insights into Maintenance Issues|
|ATLANTA, March 5, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today introduced the next generation of it Rhombus™ TireAnalytics platform that enables commercial-truck owners and fleet maintenance managers to capitalize on best practices for tire maintenance and tire lifecycle management. The unveiling was one of several exciting new product launches from Dana at the 2018 Technology & Maintenance Council (TMC) Annual Meeting & Transportation Technology Exhibition.
|03/05/18||Dana Introduces Spicer® D172 Series Heavy-Duty Tandem Axle for Construction, Severe Service Vehicles|
|ATLANTA, March 5, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced the launch of the new Spicer® D172 series heavy-duty tandem axle for construction, heavy-haul, and severe service applications. The D172 is the latest example of Dana's commitment to maximizing fleet uptime with lightweight but durable, reliable, and efficient product offerings.
The new axle is more than 60 pounds lighter than existing D170 series tandem axles. It builds ... |
|03/05/18||Dana Launches Spicer® S172 Series Single Drive Axle for Class 7, 8 Commercial Vehicles|
|ATLANTA, March 5, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today introduced its new Spicer® S172 series single drive axle for Class 7 and 8 vehicles. The new product retains the robustness and strength of the existing S170 single drive axle, but weighs more than 60 pounds less. It is yet another example of Dana's commitment to optimizing fleet uptime with lightweight but durable product offerings.
The axle is crafted for 4x2, 6x2, and 8x2 applicat... |
|03/05/18||Dana Wins Contract to Supply All-Wheel-Drive Axle for New Volkswagen Crafter Van|
|Company Continues to Provide Advanced Driveline Solutions that Balance Performance, Efficiency
BIRMINGHAM, England, March 5, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) is supplying its Spicer® AdvanTEK® M180 all-wheel-drive axle to the new, award-winning Volkswagen Crafter 4 Motion panel van. The axle – manufactured at Dana's Birmingham, England, facility – provides exceptional reliability, durability, comfort, and efficiency in a compact design to meet stringent performance requirem... |
|03/02/18||Dana Confirms Discussions with GKN Regarding Potential Transaction|
|MAUMEE, Ohio, March 2, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today confirmed that it is currently in discussions with GKN plc (LON: GKN) regarding a potential transaction involving part of GKN's business. There can be no certainty that any agreement will be reached, and Dana will always act in the best interests of its shareholders. Dana does not intend to update the market further unless and until it is appropriate to do so or a formal agreement has been reached.
|02/20/18||Dana Incorporated Elects Veterans of Tesla, Deere to its Board of Directors|
|Two Long-serving Directors Also Announce Retirements
MAUMEE, Ohio, Feb. 20, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that its board of directors has elected two new members – veterans of Deere and Co. and Tesla Inc. – to serve on the board effective immediately. Additionally, two long-serving directors have announced their pending retirements from the board.
Michael J. Mack, 61, recently retired from Deere & Co., where he had... |
|02/16/18||Dana Incorporated Boosts Quarterly Dividend by 67 Percent|
|MAUMEE, Ohio, Feb. 16, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that its board of directors has raised the dividend on its common stock.
The board declared a quarterly dividend of $0.10 per share, payable March 23, 2018, to holders of Dana common stock as of March 2. The new dividend rate represents a 67 percent increase above the prior quarterly dividend.
"The execution of our enterprise strategy is driving our strong financi... |
|02/13/18||Dana Incorporated Announces Strong 2017 Financial Results, Affirms Significant 2018 Guidance Increase|
|MAUMEE, Ohio, Feb. 13, 2018 /PRNewswire/ --
Sales of $7.2 billion, an increase of $1.4 billion, growth of 24 percent
Net income attributable to Dana of $111 million; diluted EPS of $0.71, inclusive of $186 million one-time, non-cash charge due to U.S. tax reform
Adjusted EBITDA of $835 million, providing a margin of 11.6 percent, an expansion of 30 basis points
Diluted adjusted EPS of $2.52, improvement of 30 pe... |
|01/30/18||Dana Incorporated to Announce 2017 Fourth-Quarter and Year-End Financial Results, Host Conference Call and Webcast on Feb. 13|
|MAUMEE, Ohio, Jan. 30, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2017 fourth-quarter and year-end financial results on Tuesday, Feb. 13, 2018. A press release will be issued at approximately 7 a.m. EST, followed by a conference call and webcast at 9 a.m. EST. 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 portio... |
|01/23/18||Dana Showcases Upgraded e-Commerce Platform, New Aftermarket Products at Heavy Duty Aftermarket Week '18|
|LAS VEGAS, Jan. 23, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today revealed enhancements to its e-catalog and e-commerce platform, as well as a new seal installation tool kit, which the company is showcasing alongside its market-leading heavy-duty Spicer® universal joints, at Heavy Duty Aftermarket Week '18 (HDAW), the largest aftermarket trade show for the commercial-vehicle market in North America.
Since launching its DanaAftermarket.com e-catalog... |
|01/22/18||Dana Introduces New Space-Saving Drive and Motion Offering for Single Drum Rollers|
|PARIS, Jan. 22, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced a new, optimized axle/gearbox combination for small- and medium-sized single drum rollers that enables original-equipment manufacturers to reduce the package size of motors, pumps, and other hydraulic components.
Dana now offers a solution that includes the Spicer® 192 rigid planetary axle, a Brevini® CTU Series gearbox, and Brevini® SH Series variable displacement hydraulic m... |
|01/22/18||Dana to Showcase Electrification, Safety Capabilities for Aerial Work Platforms at Intermat 2018|
|PARIS, Jan. 22, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that the company will present its Spicer® drive systems and Brevini® motion systems for aerial work platforms (AWPs) at the upcoming Intermat 2018 construction show. These offerings include products that support the increased demand for electrified drive systems, as well as those that enhance safety by leveraging advanced data collection and on-board analytical capabilities.
|01/17/18||Dana Incorporated Announces Strong Preliminary 2017 Financial Results and Guidance for 2018, Increased Outlook for 2019, $800 Million of Sales Backlog, and Increase to Quarterly Dividend|
|MAUMEE, Ohio, Jan. 17, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced strong preliminary financial results for 2017 and guidance for 2018. Preliminary sales and adjusted EBITDA for 2017 are in line with the company's previous guidance. The 2018 guidance reflects significant sales, earnings, and cash flow growth. The increased outlook for 2019 represents a significant improvement from the prior targets. The company also announced that it will increase its quarterly dividen... |
|01/05/18||Dana Incorporated to Participate in Deutsche Bank's 2018 Global Auto Industry Conference|
|MAUMEE, Ohio, Jan. 5, 2018 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in Deutsche Bank's 2018 Global Auto Industry Conference on Jan. 17, 2018. President and Chief Executive Officer James Kamsickas and Executive 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 1:30 p.m. EST.
Information on accessing th... |