LONG BEACH, Calif., May 1, 2018 /PRNewswire/ — Today at the Advanced Clean Transportation (ACT) Expo, Dana Incorporated (NYSE: DAN) and Workhorse Group Inc. (NASDAQ: WKHS) announced the design, development, and production of a city delivery vehicle featuring Dana’s Spicer® Electrified™ integrated e-Drive axle. Ohio-based Workhorse is a technology company focused on providing sustainable and cost-effective… Continue reading Dana Partners with Workhorse Group on City Delivery Vehicle with New Spicer® Electrified™ Integrated Electric Axle
Author: Dana_Corporation Official News
Dana Incorporated Announces First-quarter 2018 Financial Results with Significant Revenue Growth, Affirms Full-year Guidance Increase
MAUMEE, Ohio, April 30, 2018 /PRNewswire/ — Highlights Sales of $2.1 billion, an increase of $437 million, growth of 26 percent Net income attributable to Dana of $108 million; diluted EPS of $0.73 Adjusted EBITDA of $248 million, an increase of $43 million providing a margin of 11.6 percent Diluted adjusted EPS of $0.75, an… Continue reading Dana Incorporated Announces First-quarter 2018 Financial Results with Significant Revenue Growth, Affirms Full-year Guidance Increase
Dana Named Exclusive Supplier of Driveline Components for Hino XL7 and XL8 Trucks
MAUMEE, Ohio, April 25, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today announced that it will be the exclusive driveline supplier for the highly anticipated Hino XL7 and XL8 Class 7 and 8 commercial vehicles. The trucks feature Dana Spicer® D- and E-Series steer axles, SPL® 140 and 170 driveshafts, and several models of Spicer® single… Continue reading Dana Named Exclusive Supplier of Driveline Components for Hino XL7 and XL8 Trucks
Dana Rexroth Collaborating with Engine Manufacturers to Support Stage V Emissions Regulations in Europe
PARIS, April 23, 2018 /PRNewswire/ — Dana Rexroth Transmission Systems today announced that the company is actively working with engine manufacturers in the off-highway industry to support European Stage V emissions regulations. Set by the European Union, these diesel engine standards further restrict emissions limits for non-road mobile machinery, including vehicles for construction, material handling, and… Continue reading Dana Rexroth Collaborating with Engine Manufacturers to Support Stage V Emissions Regulations in Europe
Dana Unveils Comprehensive Strategy for Electrification in Construction, Off-Highway Markets
PARIS, April 23, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today revealed new technologies in support of the rapidly evolving development of hybrid- and electric-powered construction and other off-highway vehicles at Intermat, the international exhibition for the civil engineering and structural building industries. Consistent with its approach in other vehicle markets, Dana’s strategy enables original-equipment manufacturers… Continue reading Dana Unveils Comprehensive Strategy for Electrification in Construction, Off-Highway Markets
Dana Offers GKN Shareholders Significant Upside through Combination Benefits and Share Price Potential with Major Shareholder Support
MAUMEE, Ohio, March 28, 2018 /PRNewswire/ — James Kamsickas, president and chief executive officer of Dana Incorporated (NYSE: DAN), today commented on the benefits a Dana-GKN Driveline combination offers: Superior Value “The Dana and GKN Driveline combination clearly offers superior value to GKN shareholders. It establishes the largest global supplier of vehicle drive systems, and… Continue reading Dana Offers GKN Shareholders Significant Upside through Combination Benefits and Share Price Potential with Major Shareholder Support
Dana Increases Cash Consideration for GKN Driveline by £100 million
MAUMEE, Ohio, March 26, 2018 /PRNewswire/ — In support of strong investor interest in its combination with GKN Driveline, Dana Incorporated (NYSE: DAN) announced today that it has improved the terms of its agreed combination and will also double the size of its share repurchase program. Dana has increased the cash element of consideration by… Continue reading Dana Increases Cash Consideration for GKN Driveline by £100 million
Dana Incorporated Increases Guidance for Full Year 2018
MAUMEE, Ohio, March 19, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced it is raising its 2018 full-year guidance. Strengthening end-market demand, most notably in off-highway and commercial vehicle, combined with benefits from currency translation are driving an additional 4 percent increase in expected sales growth in 2018 compared with the company’s prior full-year target. Due… Continue reading Dana Incorporated Increases Guidance for Full Year 2018
Dana Incorporated Announces Strong 2017 Financial Results, Affirms Significant 2018 Guidance Increase
MAUMEE, Ohio, Feb. 13, 2018 /PRNewswire/ — Full-Year Highlights 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… Continue reading Dana Incorporated Announces Strong 2017 Financial Results, Affirms Significant 2018 Guidance Increase
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… Continue reading 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