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Dana Corporation
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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.

HistoryEdit

Dana corporate headquarters

Dana corporate headquarters, Maumee, OH

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]

ProductsEdit

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

AxlesEdit

SuspensionEdit

RestatementEdit

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 alsoEdit

ReferencesEdit

  1. http://news.google.com/newspapers?id=TasfAAAAIBAJ&sjid=8NYEAAAAIBAJ&pg=1142%2C5386062
  2. Peters, Jeremy W. "Auto Supplier Dana Files for Bankruptcy Protection, The New York Times, 03 March 2006. Retrieved 06 October 2013.
  3. 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.
  4. "Dana CorporationRevises 2005 Earnings Outlook, Restatement of Second-Quarter 2005 Financial Statements Likely". http://www.theautochannel.com/news/2005/09/15/143051.html. 
  5. "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 linksEdit

Template:Dana CorporationTemplate:Motorvehicle-company-stub

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