Dana Incorporated

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Dana Incorporated
Type	Public
Traded as	NYSE: DAN S&P 600 Component
ISIN	US2358252052
Industry	Automotive industry
Founded	1904; 122 years ago (1904)
Founders	Clarence W. Spicer Charles A. Dana Joseph Victor Hugo Reinz J.B. Long
Headquarters	Maumee, Ohio , U.S.
Area served	Worldwide
Key people	R. Bruce McDonald (Chairman & CEO)
Products	Axles, driveshafts, sealing and thermal products for automotive, commercial vehicle, and off-highway vehicle manufacturers
Revenue	US$ 10.2 billion (FY 2022)
Operating income	US$ 763 million (FY 2022)
Net income	US$ -242 million (FY 2022)
Total assets	US$ 7.4 billion (FY 2022)
Number of employees	28,000 (2026)
Website	www.dana.com
Footnotes

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 and commercial vehicle equipment markets. Founded in 1904 and based in Maumee, Ohio, the company employs nearly 28,000 people in 33 countries. In 2022, Dana generated sales of $10.2 billion. The company is included in the Fortune 500.

History

• 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.
• 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.
• In 1963, Dana acquired the Perfect Circle Company.
• In 1972, Dana bought a 35% stake in Wolverhampton-based engineering company, Turner Manufacturing. The remaining shares were acquired a few years later.
• In 2006, Dana filed for bankruptcy.
• In 2007, Dana canceled 150 million shares of stock during their bankruptcy.
• In 2018, Dana announced that it was buying a majority stake in TM4 Inc., a company specialized in electric powertrains, for C$165 million (US$127 million).
• In 2019, Dana acquired privately held SME Group (Italy).
• 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.
• In August 2019, Dana acquired Nordresa Motors, Inc.
• 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.
• In March 2021, Dana acquired Pi Innovo from Plymouth, Michigan.

Products

Key products include axles, drive shafts, universal joints and sealing and thermal-management products.

Distribution Network in France

In France, Secodi (a member of the Fétis Group, based in Nantes) is an official distributor of Dana Incorporated (Spicer brand) products. The company distributes universal joints, driveshafts and Spicer components for the French industrial and agricultural markets.

References

External links

• Official website