Dana Incorporated
{{short description|American automotive parts manufacturer}}
{{Prose|date=September 2024}}
{{DISPLAYTITLE:Dana Incorporated}}
{{Infobox company
| name = Dana Incorporated
| logo = Dana Incorporated logo.svg
| logo_caption =
| image =
| image_caption =
| former type =
| type = Public
| traded_as = {{NYSE|DAN}}
S&P 600 Component
| industry = Automotive industry
| ISIN = {{ISIN|sl=n|pl=y|US2358252052}}
| foundation = {{Start date and age|1904}}
| founders = Clarence W. Spicer
Charles A. Dana
Joseph Victor
Hugo Reinz
J.B. Long
| defunct =
| location_city = Maumee, Ohio
| location_country = U.S.
| locations =
| area_served = Worldwide
| key_people = James K. Kamsickas (Chairman & CEO)
| products = Axles, driveshafts, sealing and thermal products for automotive, commercial vehicle, and off-highway vehicle manufacturers
| production =
| services =
| revenue = {{increase}} US$ 10.2 billion (FY 2022)
| operating_income = {{increase}} US$ 763 million (FY 2022)
| net_income = {{decrease}} US$ -242 million (FY 2022)
| assets = {{increase}} US$ 7.4 billion (FY 2022)
| owner =
| num_employees = 41,800
| num_employees_year = 2022
| parent =
| divisions =
| subsid =
| homepage = {{URL|https://www.dana.com/}}
| intl =
| bodystyle =
}}
Dana Incorporated is an American supplier of axles, driveshafts, 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 2022, Dana generated sales of $10.2 billion. The company is included in the Fortune 500.{{cite web|url=https://fortune.com/company/dana/fortune500/|title=Dana Incorporated (DAN) Company Profile, News, Rankings|publisher=Fortune|access-date=20 December 2018}}
History
File:dana corporate headquarters.JPG
- 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" were shipped to Corbin Motor Company in Connecticut.
- In 1905, Spicer Universal Joint Manufacturing Company was incorporated.{{cite web|url=http://lcweb2.loc.gov/pnp/habshaer/nj/nj1800/nj1809/data/nj1809data.pdf|title=Spicer Manufacturing Company|publisher=Historic American Engineering Record|last=Raber|first=Michael S.|url-status=dead|archive-url=https://web.archive.org/web/20140106034308/http://lcweb2.loc.gov/pnp/habshaer/nj/nj1800/nj1809/data/nj1809data.pdf|archive-date=6 January 2014}}
- In 1909, the company changed its name to Spicer Manufacturing Company.
- In 1910, Spicer relocated to South Plainfield, New Jersey.
- In 1914, Charles Dana joined the company.
- In 1922, Spicer was listed on the New York Stock Exchange.
- In 1925, Spicer expanded 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.{{cite news|publisher=Southeast Missourian|url=https://news.google.com/newspapers?id=TasfAAAAIBAJ&sjid=8NYEAAAAIBAJ&pg=1142%2C5386062|title=Cape Chamber honors company at industrial dinner|date=8 October 1993}}
- In 1963, Dana acquired the Perfect Circle Company.{{Cite web |url=https://hagerstown.in.gov/history/ |title=History |website=hagerstown.in.gov |access-date=2021-05-02}}
- In 1972, Dana bought a 35% stake in Wolverhampton-based engineering company, Turner Manufacturing.[http://turnermanufacturing.org.uk/ Turner Manufacturing Company Limited] The remaining shares were acquired a few years later.
- In 2006, Dana filed for bankruptcy.{{cite news|last=Peters|first=Jeremy W.|url=https://www.nytimes.com/2006/03/03/business/03cnd-dana.html?_r=0|title=Auto Supplier Dana Files for Bankruptcy Protection|work=The New York Times|date=3 March 2006|access-date=6 October 2013}}
- In 2007, Dana canceled 150 million shares of stock during their bankruptcy.{{cite web|last=Pakulski|first=Gary T.|url=http://www.toledoblade.com/article/20070905/BUSINESS03/709050400|title=Dana plans to cancel 150m shares of old stock: Investors get nothing following Chapter 11|publisher=Toledo Blade|date=5 September 2007|access-date=2 October 2010|url-status=dead|archive-url=https://web.archive.org/web/20110202191516/http://www.toledoblade.com/article/20070905/BUSINESS03/709050400|archive-date=2 February 2011}}
- In 2018, Dana announced that it was buying a majority stake in TM4 Inc.,{{cite news|url=https://canada.autonews.com/article/20180622/CANADA/180629916/dana-buying-majority-stake-in-canada-s-tm4-in-effort-to-expand-reach|title=Dana buying majority stake in Canada's TM4 in effort to expand reach|last=Henry|first=Jim|date=22 June 2018|access-date=29 July 2020}} a company specialized in electric powertrains, for C$165 million (US$127 million).
- In 2019, Dana acquired privately held SME Group (Italy).{{cite web|url=https://www.dana.com/newsroom/press-releases/dana-acquires-sme-group-enhances-electromobility-capabilities-and-global-reach/|title=Dana Acquires SME Group, Enhances Electromobility Capabilities and Global Reach|date=15 January 2019|website=www.dana.com|access-date=29 July 2020}}
- In March 2019, Dana purchased 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.{{cite web|url=https://www.prnewswire.com/news-releases/dana-completes-purchase-of-drive-systems-segment-of-oerlikon-group-300804763.html|title=Dana Completes Purchase of Drive Systems Segment of Oerlikon Group|date=1 March 2019|website=www.dana.com|access-date=29 July 2020}}
- In August 2019, Dana acquired Nordresa Motors, Inc.{{cite web|url=https://www.dana.com/newsroom/press-releases/dana-acquires-nordresa-industry-leading-e-powertrain-integrator/|title=Dana Acquires Nordresa, Industry-leading e-Powertrain Integrator|date=26 August 2019|website=www.dana.com|access-date=29 July 2020}}
- In 2020, Dana started using 3D printers at its Advanced Manufacturing Center in Maumee, Ohio to manufacture face shield components for use during the coronavirus pandemic.{{cite web|url=https://www.fleetowner.com/covid-19-coverage/article/21128248/auto-oems-retool-to-produce-ppe|title=OEMs retool to produce PPE|publisher=FleetOwner|date=8 April 2020|access-date=2 May 2020}}
- In March 2021, Dana acquired Pi Innovo from Plymouth, Michigan.{{cite web|url=https://www.dana.com/newsroom/press-releases/dana-acquires-pi-innovo-llc-further-enhancing-e-propulsion-software-controls-and-electronics-capabilities/|title=Dana Acquires Pi Innovo LLC, Further Enhancing e-Propulsion Software, Controls, and Electronics Capabilities|date=1 March 2021|website=www.dana.com|access-date=11 October 2021}}
Products
Key products include axles, drive shafts, universal joints and sealing and thermal-management products.
=Axles=
=Suspension=
= Transfer Cases =
- Dana 18
- Dana 20
- Dana 21
- Dana 24{{Cite web |title=Transfer Case Basics - FORDification.com |url=https://www.fordification.com/tech/transfercase.htm |access-date=2025-02-05 |website=www.fordification.com}}
- Dana 300{{Cite web |title=Novak Conversions Transfer Case Knowledge Gateway |url=https://www.novak-adapt.com/knowledge/transfer-cases/transfer-cases-gateway.html |access-date=2025-02-05 |website=www.novak-adapt.com}}
References
{{reflist}}
External links
- {{Official website|https://www.dana.com/}}
{{Dana Corporation}}
{{Authority control}}
Category:Auto parts suppliers of the United States
Category:Companies based in Toledo, Ohio
Category:Manufacturing companies based in Ohio
Category:Companies listed on the New York Stock Exchange
Category:1904 establishments in New Jersey
Category:Manufacturing companies established in 1904
Category:Companies that filed for Chapter 11 bankruptcy in 2006