MAUMEE, Ohio, Nov. 5, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that it is commencing, subject to market conditions, a registered offering of $300 million aggregate principal amount of senior unsecured notes due 2027. The company intends to use the net proceeds from the offering, together with cash on hand, to purchase in… Continue reading Dana Launches $300 Million Senior Notes Offering
Author: Dana_Corporation Official News
Dana Incorporated Announces Tender Offer and Consent Solicitation for 2023 Notes
MAUMEE, Ohio, Nov. 5, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced the commencement of a cash tender offer (the “Offer”) to purchase any and all of the outstanding $300 million aggregate principal amount of its 6.000% Senior Notes due 2023 (CUSIP No. 235825AD8) (the “Notes”), upon the terms and conditions set forth in the… Continue reading Dana Incorporated Announces Tender Offer and Consent Solicitation for 2023 Notes
Dana Incorporated Amends Credit Agreement to Further Strengthen Balance Sheet and Liquidity Position
MAUMEE, Ohio, Sept. 4, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) has announced the closing of an amendment to its existing senior secured credit facility. The amended and restated senior secured credit facility includes an amended and extended revolving credit facility, which increases the aggregate amount available to $1 billion from $750 million and extends the… Continue reading Dana Incorporated Amends Credit Agreement to Further Strengthen Balance Sheet and Liquidity Position
Dana Highlights ePropulsion Technologies at CTI Symposium USA
MAUMEE, Ohio, May 13, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) is showcasing its extensive portfolio of electrification systems and technologies at the CTI Symposium USA, May 13-16, in Novi, Michigan. Among the technologies presented at the show will be Dana’s electric drive units, e-Axles, electric transmissions, and thermal management and sealing solutions. “Dana’s portfolio… Continue reading Dana Highlights ePropulsion Technologies at CTI Symposium USA
Dana Incorporated Appoints Leader for Dana India
MAUMEE, Ohio, May 2, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN), a leading provider of propulsion technologies in India for more than 50 years, today announced that Gajanan Gandhe is joining the company as country leader of Dana India, effective today. In this role, Mr. Gandhe will work across Dana, including the company’s business units, functional… Continue reading Dana Incorporated Appoints Leader for Dana India
Dana Incorporated Announces Record First-quarter 2019 Financial Results
MAUMEE, Ohio, May 2, 2019 /PRNewswire/ — First-quarter Highlights Record first-quarter sales of $2.2 billion, an increase of $25 million compared with first-quarter 2018; represents 5 percent growth on a constant-currency basis Net income attributable to Dana of $98 million; diluted EPS of $0.68 Record adjusted EBITDA of $257 million, an increase of $9 million… Continue reading Dana Incorporated Announces Record First-quarter 2019 Financial Results
Dana Expands TM4® SUMO™ Electric Powertrain Offerings into Commercial-Vehicle, Light-Duty Platforms
LONG BEACH, Calif., April 25, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today the launch of its newest direct-drive electric powertrain, the TM4® SUMO™ LD. The motor-inverter combination is designed for Class 2 through Class 6 vehicles. The new offering extends the comprehensive TM4 SUMO lineup, which is powering more than 12,000 electrified vehicles today.… Continue reading Dana Expands TM4® SUMO™ Electric Powertrain Offerings into Commercial-Vehicle, Light-Duty Platforms
Dana Partners with Nordresa, Inc. to Integrate Spicer® Electrified™ e-Axle on Isuzu® N-Series Chassis
LONG BEACH, Calif., April 25, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it will partner with Nordresa to integrate its Spicer® Electrified™ eS9000r e-Axle on the Isuzu N-Series chassis for commercial fleet applications. This new collaboration is in addition to the companies’ existing joint efforts to offer commercially-available direct-drive systems, complete with TM4®… Continue reading Dana Partners with Nordresa, Inc. to Integrate Spicer® Electrified™ e-Axle on Isuzu® N-Series Chassis
Dana and Motiv Power Systems Collaborate on Integration of All-Electric Spicer® Electrified™ e-Axle on Ford® Super Duty® F-550 Chassis
LONG BEACH, Calif., April 25, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) and Motiv Power Systems today announced a collaboration to integrate Dana’s Spicer® Electrified™ eS9000r e-Axle on the Ford F-550 chassis for use in commercial fleet applications. By replacing the traditional mechanical driveline with an electric motor integrated directly into the vehicle’s differential housing, the e-Axle… Continue reading Dana and Motiv Power Systems Collaborate on Integration of All-Electric Spicer® Electrified™ e-Axle on Ford® Super Duty® F-550 Chassis
Dana Expands Training Series with Electrification Maintenance and Servicing Guidelines Videos
MAUMEE, Ohio, April 22, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it has expanded its “Driveline Forensics” training series to include videos covering key safety and maintenance tips for electrified vehicles. The new videos provide overviews on electric vehicle architecture and maintenance, as well as important vehicle servicing safety tips. “Dana is… Continue reading Dana Expands Training Series with Electrification Maintenance and Servicing Guidelines Videos