Dana - automotive industry company news 
US: Dana profit rises after JV sales to Getrag
27 October 2011
Dana Holding booked Q3 2011 net income of US$110m, which included a $60m gain from the sale of interests in two joint ventures to Getrag, and adjusted EBITDA of $200m. These compared to $46m and $148m, respectively, for Q3 2010. Year-to-date net income was $148m, compared to $24m in 2010.
US: Dana Holding completes sale of interests in Getrag joint ventures
3 October 2011
Dana Holding Corporation says it has completed the sale of its equity in two joint ventures to Getrag, with the US$136m cash proceeds used to further strengthen Dana's liquidity position and overall balance sheet
US: Dana Q2 sales and profit up
28 July 2011
Dana Holding Corporation has reported second quarter 2011 results, including net income of $68m and adjusted EBITDA of $201m, compared to $9m and $154m, respectively, a year ago.
GERMANY: Getrag selling axle business to GKN
28 July 2011
Getrag is to sell its entire axle business to GKN, while co-shareholders Dana Holding and Volvo Car will sell their respective shares in the corresponding companies at the same time.
US: Dana extends stakes in China and India
6 July 2011
Dana Holding Corporation said it had completed two transactions that will enhance its position for further growth in the emerging markets of China and India.
CHINA: Dana starts on tech centre
10 May 2011
Dana Holding Corporation has broken ground for a technical centre in Wuxi, Jiangsu, China, for off highway axles, driveshafts, and transmissions; commercial vehicle driveshafts; light duty axles and driveshafts; and sealing and thermal products, including electric vehicle battery coolers. The centre is expected to be fully operational by the end of 2011.
US: Dana books Q1 loss but boosts full year guidance
27 April 2011
Dana Holding Corporation reported adjusted EDITDA of US$181m for the first quarter of 2011 but booked a net loss of $30m due to $53m of one-time charges associated with the refinancing and restructuring of debt in January.
US: Dana names new CEO
30 March 2011
Dana Holding, the US-based supplier of vehicle systems which has just reached a new three-year deal with the United Auto Workers and the United Steel Workers Corporation, has named a new chief executive officer and president, Roger Wood, effective 18 April. He's a long-time employee of BorgWarner where he has been an executive vice president, and group president and general manager of its engine group.
US: Dana reaches agreement with key unions
30 March 2011
Dana Corporation, the US-based supplier of vehicle systems, has reached a new three-year deal - effective from 1 June, 2011 - with the United Auto Workers and the United Steel Workers.
US: Dana Holding UAW staff ratify three-year deal
22 March 2011
UAW-represented employees at Dana Holding have ratified a new, three-year Global Framework Agreement.
US: Dana Holding posts $10m net income for 2010
23 February 2011
Dana Holding reported net income of US$10m for 2010 with sales of US$6.1bn - up 17% compared to 2009.
US: Dana inks strategic agreement with Sifco
8 February 2011
Dana Holding is to become a full service provider of driveline systems in the growing South American commercial vehicle business after completing a strategic transaction with Sifco, a leading producer of steer axles and forged components in South America.
US: Dana completes refinancing
1 February 2011
Dana Holding Corporation has completed the refinancing of its capital structure, paying down debt and replacing its secured term loan with US$750m in senior unsecured notes in a registered notes offering. Dana has also received lender commitments for a new $500 million revolving credit facility with a five-year maturity.
US: GM adds third shift, restores 750 jobs, at Flint assembly plant
24 January 2011
General Motors on Monday said it would add a third shift at its Flint assembly plant in Michigan, returning 750 jobs to the factory that makes the Chevrolet Silverado and GMC Sierra heavy-duty pickups.
INTERVIEW: Steve Girsky, General Motors vice chairman
19 January 2011
Steve Girsky, like most other General Motors executives at last week's Detroit motor show, was upbeat as he brought the group of European journalists clustered around the long table up to date on where GM is today and where he fits into the grand scheme of life post-Chapter 11 bankruptcy.
US: Toyota's $25m frame claim from Dana
12 January 2011
Dana Holding has reached a settlement with Toyota Motor Engineering & Manufacturing North Americafor warranty claims related to frames (chassis) produced by the company's former structural products business.
INDIA: Dana starts on new technical centre
13 December 2010
Dana Holding has broken ground for a US$20m technical centre in Pune, India. This 15th technical centre globally provide design, testing, and analytical support for each of the supplier's primary markets - automotive, commercial vehicle, and off-highway - under one roof and is expected to be fully operational by the end of 2011.
US: Dana appoints interim chief following CEO resignation
4 November 2010
Dana Holding Corporation today (4 November) announced James Sweetnam, president and CEO has resigned by what the company says is mutual agreement with Dana's board of directors.
CHINA: Dana wins Beiqi Foton SUV truck/SUV axle deal
27 August 2010
Dana Holding said it had been awarded a contract by Chinese domestic automaker Beiqi Foton Motors to supply Spicer rear axle assemblies for its 2012 model year sport utility vehicle and pick up truck platform.
US: Dana reports strong Q2
30 July 2010
Dana Holdings net income for the second quarter of 2010 was US$9m compared to break-even a year ago.
US: Dana announces new board appointments
19 May 2010
Dana Holding Corporation has announced that Joseph C. Muscari, chairman and chief executive officer of Minerals Technologies, Inc.; and Richard F. Wallman, former senior vice president and chief financial officer of Honeywell International, Inc., have been appointed to the company's Board of Directors.
US: Dana reports solid start to year
29 April 2010
Dana Holding has reported a significantly improved first quarter as its CEO said he believed the worst of the global economic downturn was "behind" the company.
US: Jerry York dies at 71
18 March 2010
Jerry York, the former Chrysler CFO, GM director and adviser to billionaire investor Kirk Kerkorian, has died today (March 18) at age 71.
MEXICO/US: Metalsa completes $147m Dana deal
9 March 2010
Mexico's Metalsa, a subsidiary of Grupo Proeza, has finalised the purchase of several facilities included in the structural products business of Ohio-based Dana. The deal is worth US$147m.
US: Dana narrows full year loss
24 February 2010
Dana Holding Corporation on Wednesday reported a net loss of $431m for full year 2009, an improvement of $291m compared to the 2008 result, after excluding a one-time gain of $754m in 2008 recognised in connection with the application of fresh start accounting. The result included Q4 after tax charges of $153m related to the planned sale of the structural products business to Metalsa.
US: Dana consolidates heavy truck operations
29 January 2010
Dana Holding Corporation will consolidate its heavy vehicle products operations in Kalamazoo, Michigan, and Statesville, North Carolina, into two locations in the Toledo, Ohio, area and a yet-to-be-determined location in Greater Detroit.
US: Dana to consolidate heavy vehicle ops
29 January 2010
Dana has announced that it will consolidate its Heavy Vehicle Products operations in Kalamazoo, Mich., and Statesville, N.C., into two locations in the Toledo, Ohio, area and a yet-to-be-determined location in Greater Detroit.
US: Dana to sell structural products business
17 December 2009
Dana Holding has agreed to sell its global structural products business to Metalsa, the largest vehicle frame and structures supplier in Mexico. The operations and assets to be sold generated consolidated revenues of approximately US$695m in 2008.
US: Dana executive chairman contract extended
17 December 2009
Dana Holding directors have extended John Devine's contract as executive chairman to the end of 2010.
US: New Dana Europe boss named
10 December 2009
Arvin Meritor veteran Aziz Aghili has joined Dana Corporation as president of Europe. Dana has 19 operations in 10 European countries and reported sales of US$2.4bn in the region last year.
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Dana Holding Corporation - Strategy, SWOT, and Corporate Finance Report
Datamonitors' Dana Holding Corporation’s SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials, and corporate actions, providing a 360° view of the company.
Dana Holding Corporation (DAN) - Financial and Strategic Analysis Review
Dana Holding Corporation (Dana) is engaged in designing, manufacturing and distribution of driveshaft, axle, structural, sealing and thermal products for international vehicle manufacturers. The company also provides service parts and related services. The company mainly serves Light vehicle, Medium/heavy and Off-Highway markets. Dana operates in North America, South America, Europe, and the Asia Pacific. The company operates in six segments that are categorized into two divisions, under which four product-based operating segments sell primarily into the light vehicle market. It products are distributed to a number of customers in through out the world.
Dana Holding Corporation (DAN) - Financial and Strategic SWOT Analysis Review
This comprehensive SWOT profile of Dana Holding Corporation provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.
