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.

The two joint ventures produce rear axle units, power take-off units, and all-wheel-drive systems for light vehicles.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

“The sale of these interests represents a divestiture of non-strategic assets,” said Dana president and CEO Roger Wood.

“Our ongoing focus will be on core strategic products in our on-highway driveline technologies, off-highway driveline technologies, and power technologies business units, including the development of proprietary all-wheel-drive products.” 

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact