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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.[1]
1928 - It relocated to Toledo, Ohio.
2006 - Dana filed for bankruptcy.[2]
2007 - Dana cancelled 150 million shares of stock during bankruptcy.[3]
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.[4] 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.[5]
See also[]
- Dana Foundation
- Plastigauge
References[]
- ↑ http://news.google.com/newspapers?id=TasfAAAAIBAJ&sjid=8NYEAAAAIBAJ&pg=1142%2C5386062
- ↑ Peters, Jeremy W. "Auto Supplier Dana Files for Bankruptcy Protection, The New York Times, 03 March 2006. Retrieved 06 October 2013.
- ↑ Pakulski, Gary T. "Dana plans to cancel 150m shares of old stock: Investors get nothing following Chapter 11", toledoBlade.com, 05 September 2007. Retrieved on 02 October 2010.
- ↑ "Dana CorporationRevises 2005 Earnings Outlook, Restatement of Second-Quarter 2005 Financial Statements Likely". http://www.theautochannel.com/news/2005/09/15/143051.html.
- ↑ "Dana CorporationtoRestateFinancial Statements for 2004 & 2005, Write Off U.S. Deferred Tax Assets". http://www.prnewswire.com/news-releases/dana-corporation-to-restate-financial-statements-for-2004--2005-write-off-us-deferred-tax-assets-55019072.html.
External links[]
Template:Dana Corporation
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