Dana Corporation

The Dana Holding Corporation is an American-based worldwide supplier of axles, driveshafts, off-highway transmissions, sealing and thermal-management products, and service parts.

The company's customer base includes virtually every major vehicle manufacturer in the global automotive, commercial vehicle, and off-highway markets. Based in Maumee, Ohio, the company employs approximately 21,500 people in 26 countries and reported 2010 sales of US$6.1 billion. The company is listed on the Fortune 500.

History
1904 - Originally incorporated in New Jersey as the 'Spicer Universal Joint Manufacturing Company', named after Clarence W. Spicer, engineer, inventor, and founder of the company;

1909 - it was renamed the 'Spicer Manufacturing Company'.

1914 - Charles Dana joined the company,

1916 - Dana became president and treasurer, the company was renamed the Dana Corporation.

1928 - It relocated to Toledo, Ohio.

2006 - Dana filed for bankruptcy.

2007 - Dana cancelled 150 million shares of stock during bankruptcy.

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

Axles

 * Dana 30
 * Dana 35
 * Dana 44
 * Dana 50
 * Dana 60
 * Dana 70
 * Dana 80
 * Dana S 110

Suspension

 * Twin Traction Beam

Restatement
On September 15, 2005, Dana restated its second-quarter 2005 financial statements, primarily to correct inappropriate recognition of price increases in its Commercial Vehicle business during the second quarter. On October 10, 2005, Dana Corporation restated its 2004, first-quarter 2005, and second-quarter 2005 financial statements to correct issues involving customer pricing and transactions with suppliers in Dana's Commercial Vehicle business.