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Dana

Supplier of automotive parts.

Headquarters:
3939 Technology Dr.
Maumee, OH 43537
Employees: 23,000
CEO: Roger Wood
Stock Symbol: DAN

Dana is a world-leading supplier of driveline, sealing, and thermal-management technologies that improve the efficiency and performance of passenger, commercial, and off-highway vehicles with both conventional and alternative-energy powertrains. The company's global network of engineering, manufacturing, and distribution facilities provides original-equipment and aftermarket customers with local product and service support. Parts are used in both commercial and regular vehicles.

Dana employs over 23,000 people in 26 countries.

The company reported sales of $7.2 billion in 2012 with a net income of $315 million.

Major customers include: AGCO, BMW, Caterpillar, Chrysler, Ford, General Motors, International Truck and Engine, Manitou, PACCAR, PSA Peugeot Citroën, Renault-Nissan, Tamrock, Toyota, VW, Volvo Group.

History

In 1904, Clarence Spicer, a 29-year old engineering student from Edelstein, IL., leaves Cornell University to manufacture universal joints in Plainfield, N.J. Within two years, customers include Buick, Wayne, Mack, Olds, Stevens-Duryea, American Motor Car, Diamond T, and E.R. Thomas. In 1905, Spicer Universal Joint Manufacturing Company is incorporated in the state of New Jersey.

Charles Dana, a 33-year old attorney from New York City, joins Spicer Manufacturing Company in 1914 and becomes President and Treasurer in 1916. Spicer died in 1939. The company was renamed Dana Corporation in 1946.

The company filed for bankruptcy in 2006. It emerged from bankruptcy in 2008 after slimming down and cutting thousands of jobs.

Updated October 13, 2013