STOCK TITAN

Dana 60™ AdvanTEK® Axle Featured on 2021 Ram® 1500 TRX™ Pickup Truck

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Dana announced that its Dana 60™ AdvanTEK® solid rear axle will be featured in the 2021 Ram® 1500 TRX™ pickup truck. Utilizing a 3.55 gear ratio and Spicer PerformaTraK™ electronic locking differential, the axle enhances torque and traction. As demand for high-performance, off-road vehicles grows, Dana aims to deliver advanced solutions for durability and performance. The axles will be assembled in Dana's Dry Ridge, Kentucky facility, alongside cylinder head gaskets for the same model. Dana reported $8.6 billion in sales in 2019.

Positive
  • Supplying Dana 60 AdvanTEK axle to the high-demand 2021 Ram 1500 TRX supports revenue growth.
  • Increased torque and traction capabilities enhance product offering.
  • Alignment with market demand for high-performance vehicles indicates potential for increased sales.
Negative
  • None.

MAUMEE, Ohio, Jan. 12, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it will be supplying its Dana 60™ AdvanTEK® solid rear axle with Spicer PerformaTraK electronic locking differential to the 2021 Ram® 1500 TRX™ pickup truck. 

Leveraging a full-float axle design, the new Dana 60 utilizes a 3.55 gear ratio and specialized AdvanTEK technology to deliver increased torque and carrying capacity over Dana's traditional offering.  The axle will come equipped with the Spicer PerformaTraK electronic locking differential, which can transfer rear axle torque to one wheel. This ensures the wheels do not slip, providing increased traction.

"As the demand for vehicles with high-performance, off-road capability continues to increase, Dana is developing solutions that are designed to deliver maximum performance and durability in the toughest of conditions," said Bob Pyle, president of Dana Light Vehicle Drive Systems.  "The 2021 Ram 1500 TRX is an extremely capable on- and-off-road vehicle and we are proud to have been selected to provide our Dana 60 AdvanTEK axles to support its power and strength."

The new axles will be assembled at Dana's facility in Dry Ridge, Kentucky.

In addition to axles, Dana supplies cylinder head gaskets for the 2021 Ram 1500 TRX.

About Dana Incorporated
Dana is a world leader in providing power-conveyance and energy-management solutions that are engineered to improve the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment.  Enabling the propulsion of conventional, hybrid, and electric-powered vehicles, Dana equips its customers with critical drive and motion systems; electrodynamic technologies; and thermal, sealing, and digital solutions.

In 2019, the company reported sales of $8.6 billion with 36,000 associates in 34 countries across six continents.  Based in Maumee, Ohio, USA, and founded in 1904, Dana has established a high-performance culture that focuses on its people, and the company has earned recognition around the world as a top employer. Learn more at dana.com.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/dana-60-advantek-axle-featured-on-2021-ram-1500-trx-pickup-truck-301206023.html

SOURCE Dana Incorporated

FAQ

What is the Dana 60 AdvanTEK axle used for in the 2021 Ram 1500 TRX?

The Dana 60 AdvanTEK axle enhances torque and traction for the 2021 Ram 1500 TRX, supporting its high-performance capabilities.

When was the Dana 60 AdvanTEK axle announced for the Ram 1500 TRX?

The announcement was made on January 12, 2021.

Where will the Dana 60 axles be assembled?

The axles will be assembled at Dana's facility in Dry Ridge, Kentucky.

What financial performance did Dana report in 2019?

Dana reported sales of $8.6 billion in 2019.

What technology does the Dana 60 axle utilize?

The Dana 60 axle utilizes a 3.55 gear ratio and Spicer PerformaTraK electronic locking differential.

Dana Incorporated

NYSE:DAN

DAN Rankings

DAN Latest News

DAN Stock Data

1.71B
143.62M
0.93%
103.09%
2.21%
Auto Parts
Motor Vehicle Parts & Accessories
Link
United States of America
MAUMEE