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Dana Sees Weaker Off Highway End Market Demand In July And Aug Likely Leading To Q3 Sales Being Lower Than Expected By About $100 Million
Dana Inc Amends Credit Agreement To Further Strengthen Balance Sheet And Liquidity Position
Dana Acquires Nordresa; Terms Of Transaction Not Disclosed
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies. It has operations in North America, South America, Europe and Asia pacific. Its Light Vehicle segment offers products, such as front axles, rear axles, driveshafts/propshafts, differentials, torque couplings and modular assemblies. Its Commercial Vehicle segment offers products, such as steer axles, drive axles, drive shafts and tire inflation systems. Its Off-Highway segment offers products, such as front axles, rear axles, drive shafts, transmissions, torque converters, tire inflation systems and electronic controls. Its Power Technologies segment offers products, including gaskets and cover modules.
Auto & Truck Parts
3939 Technology Dr
Keith E. Wandell
Independent Chairman of the Board
James Kevin Kamsickas
President, Chief Executive Officer, Director
Jonathan Mark Collins
Chief Financial Officer, Executive Vice President
Dwayne E. Matthews
President - Power Technologies
Robert D. Pyle
President of Light Vehicle Driveline Technologies
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The following are mergers under review by the European Commission and a brief guide to the EU merger process:
OC Oerlikon <OERL.S> has agreed to sell its drives unit to U.S. engineering company Dana Inc <DAN.N>, the Swiss company said on Monday after shelving a planned listing of the business.
OC Oerlikon said on Monday it had agreed to sell its drives unit to U.S. engineering company Dana Inc - a deal triggered after the Swiss company shelved a planned listing of the business.
* OERLIKON SIGNED DEFINITE AGREEMENT WITH DANA INC. FOR SALE OF DRIVE SYSTEMS SEGMENT
* SAYS DANA WILL ACQUIRE OERLIKON'S DRIVE SYSTEMS BUSINESS FOR CHF 600 MILLION (APPROXIMATELY $600 MILLION)
* DANA INC - "APPEARS UNLIKELY THAT OUR PROPOSED COMBINATION WITH GKN DRIVELINE WILL PROCEED"
GKN <GKN.L> promised on Monday a quick cash handout for shareholders if they back a sweetened offer for its auto business, raising the stakes in its battle to fend off a hostile bid for the entire company.
Auto components maker Dana Inc said on Monday it had agreed to increase its offer for GKN's Driveline business by $140 million in cash as it stepped up its efforts to fight off rival suitor Melrose .
* INCREASES CASH CONSIDERATION FOR GKN DRIVELINE BY £100 MILLION
* GKN PLC - STATEMENT RE PROPOSED COMBINATION OF GKN DRIVELINE AND DANA
Auto components maker Dana Inc said on Thursday it would supply front and rear axles for the next generation of Jaguar and Land Rover luxury vehicles in a contract worth 300 million pounds.
Auto components maker Dana Inc said on Thursday it would supply front and rear axles for the next generation of Jaguar and Land Rover luxury vehicles in a contract worth £300 million ($423.27 million).
* DANA SECURES CONTRACT TO SUPPLY AXLES FOR NEXT-GENERATION JAGUAR, LAND ROVER PROGRAMS
* DANA INC CEO JAMES KAMSICKAS' TOTAL COMPENSATION FOR 2017 WAS $10.9 MILLION VERSUS $9.4 MILLION IN 2016 - SEC FILING Source text : (http://bit.ly/2HY3YDU) Further company coverage: (Reuters.Briefs@thomsonreuters.com)
* ANNOUNCED THAT IT HAS BEEN SELECTED AS DRIVELINE SUPPLIER FOR NEW CHEVROLET SILVERADO 4500HD, 5500HD, AND 6500HD CHASSIS CAB TRUCKS
The battle for British engineering company GKN <GKN.L> intensified on Monday, with both Melrose <MRON.L> and Dana sweetening their proposals before a March 29 takeover deadline.
* SEES 2018 CAPITAL SPENDING OF APPROXIMATELY 4.0 PERCENT OF SALES
Dana Incorporated <DAN.N>, the U.S. company seeking to merge with the auto unit of British engineering company GKN <GKN.L>, said it would seek a secondary listing in London, a move which would allow more British shareholders to back the deal.
Dana Incorporated, the U.S. company seeking to merge with the auto unit of British engineering company GKN, said it would seek a secondary listing in London, a move which would allow more British shareholders to back the deal.
The chief executive of U.S. firm Dana Incorporated <DAN.N> is in London meeting top GKN <GKN.L> shareholders in a drive to persuade the British engineer's investors to back a deal with Dana and reject a hostile bid by Melrose Industries <MRON.L>.
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