Welcome to our dedicated page for Dana Incorporated news (Ticker: DAN), a resource for investors and traders seeking the latest updates and insights on Dana Incorporated stock.
Dana Incorporated (NYSE: DAN) is a global leader in the design and manufacture of highly efficient propulsion and energy-management solutions for vehicles and machines in all mobility markets worldwide. Based in Maumee, Ohio, Dana operates across four primary segments: Light Vehicles, Power Technologies, Commercial Vehicle, and Off-Highway. The Light Vehicles segment, catering to light trucks, SUVs, CUVs, vans, and passenger cars, generates the majority of the company's revenue.
Founded in 1904 by pioneers such as Clarence Spicer, Joseph Victor, Hugo Reinz, J.B. Long, and Charles Dana, the company has a rich legacy of innovation and risk-taking that continues to drive its mission today. Dana's diverse range of products includes drive and motion systems, electrodynamic technologies, software and controls, and thermal, sealing, and digital solutions. These offerings support nearly every vehicle manufacturer, making Dana a critical player in both conventional and clean-energy solutions.
In 2022, Dana reported sales of $10.2 billion and employed 42,000 people across 31 countries on six continents. The company continues to gain recognition for its ethical practices and responsibility, being named among the
Dana Incorporated (NYSE: DAN) has launched the Spicer® HVT1 transmission, designed for improving the performance and sustainability of agriculture telehandlers. This advanced powersplit transmission offers fuel savings of up to 30% compared to conventional systems, supporting power inputs from 110 to 155 horsepower. Currently in field tests, the HVT1 promises enhanced productivity, control, and operator comfort. Its unique design enables efficient operation across various duty cycles, reducing total owning and operating costs while promoting sustainability through lower greenhouse gas emissions.
Dana Incorporated (NYSE: DAN) has announced it will accelerate its efforts to reduce Scope 1 and 2 greenhouse gas (GHG) emissions by at least 50% by 2030, advancing its original 2035 target. This initiative will decrease over 300,000 metric tons of carbon dioxide emissions annually. The company signed a commitment letter with the Science Based Target initiative (SBTi) to establish future emissions targets. Dana attributes this acceleration to advancements in technology and operational efficiencies, positioning itself as a leader in sustainability within the mobility industry.
Dana Incorporated (NYSE: DAN) announced a leadership transition in its Light Vehicle Drive Systems division, effective July 9. Byron Foster, previously Dana's senior vice president and chief commercial officer, will replace Bob Pyle, who is leaving to become a CEO outside the mobility sector. Foster’s extensive experience in senior executive roles at Johnson Controls and Adient is expected to enhance Dana's customer-focused approach. The company reported $7.1 billion in sales for 2020, emphasizing sustainability and employee recognition.
Dana Incorporated (NYSE: DAN) has been recognized as a 2020 Supplier of the Year by General Motors for its driveline technologies and sealing solutions. This marks the fourth consecutive year Dana has received this award, chosen by a GM global team based on stringent performance criteria across various sectors. In 2020, Dana reported sales of $7.1 billion and has maintained a long-standing partnership with GM since 1904. The recognition underscores Dana's commitment to innovation and sustainable practices in the automotive industry.
Dana announced its participation in the virtual Deutsche Bank Global Auto Industry Conference on June 16, 2021, at 2:15 p.m. EDT. James Kamsickas, Chairman and CEO, along with Jonathan Collins, CFO, will present an overview of the company and answer questions for 35 minutes. Investors can access the webcast details on Dana's Investor website. The company, headquartered in Maumee, Ohio, reported sales of $7.1 billion in 2020.
Dana Incorporated (NYSE: DAN) will participate in the KeyBanc Industrials & Basic Materials Virtual Conference on June 1, 2021, starting at 10:40 a.m. EDT. Jonathan Collins, the Executive Vice President and Chief Financial Officer, will present an overview of the company and engage in a Q&A session lasting about 30 minutes. Investors can access the webcast details on Dana's investor website.
In 2020, Dana reported sales of $7.1 billion and has a workforce of 38,000 across 33 countries.
Dana Incorporated (NYSE: DAN) announced the pricing of its €325 million offering of 3.000% Senior Notes due 2029, which will be guaranteed by the company. The proceeds will be used to redeem existing 6.500% Senior Notes due 2026 and cover related fees. Led by Credit Suisse and J.P. Morgan, a group of financial institutions is managing the offering. This strategic move aims to optimize Dana's debt structure, promoting financial stability. Dana, a leader in propulsion and energy-management solutions, reported $7.1 billion in sales for 2020.
Dana Incorporated (NYSE: DAN) reported that as of May 12, 2021, approximately 60% of its 5.500% Senior Notes due 2024, totaling $254 million, were tendered in a consent solicitation. This enabled Dana to amend the indenture, reducing restrictive covenants and shortening the redemption notice period from 30 days to two business days. All conditions in the accompanying Statement remain unchanged, and Dana anticipates accepting the tendered notes for payment on May 13, 2021. The tender offer ends on May 26, 2021, with early participants receiving $1,020 per $1,000 principal amount, inclusive of interest.
Dana is proposing to issue €325 million in senior unsecured notes due 2029 through its subsidiary, Dana Financing Luxembourg S.à r.l. The 2029 Notes aim to refinance existing debt by redeeming the 6.500% Senior Notes due 2026 at a price of 103.250% plus accrued interest. The offering will only be available to qualified institutional buyers and non-U.S. investors, exempt from U.S. registration requirements. Dana's commitment to efficient energy solutions continues, having reported $7.1 billion in sales for 2020.
FAQ
What is the current stock price of Dana Incorporated (DAN)?
What is the market cap of Dana Incorporated (DAN)?
