Dana Completes Sale of Two Joint Ventures

Dana announces it has completed the sale of two joint ventures so the company can focus on its AWD driveline products.

September 30, 2011
Dana Incorporated
Adiam 5 10948696

Dana Holding Corporation announces it has completed the sale of its equity in two joint ventures to Getrag. Proceeds from this transaction – $136 million in cash – will be used to further strengthen Dana's liquidity position and overall balance sheet.

The two joint ventures produce rear axle units, power take-off units and all-wheel-drive systems for light vehicles.

"The sale of these interests represents a divesture of non-strategic assets," says Dana President and Chief Executive Officer Roger J. Wood. "Our ongoing focus will be on core strategic products in our On-Highway Driveline Technologies, Off-Highway Driveline Technologies and Power Technologies business units, including the development of proprietary all-wheel-drive products."

Recommended
Infrastructure funding is a silver lining for many in the construction equipment industry.
Heavy Equipment Markets are Down in 2020 and Hopes up for a Better 2021
Negative economic impacts from the COVID-19 pandemic have made 2020 a year to forget for most in the heavy equipment industries.
September 18, 2020
The majority of safety functions described by the new ANSI standard will require the use of a sensor to deliver the necessary values.
Sensors Play Critical Role in New ANSI Standard
Use of various sensor technologies will be necessary to meet the safety functions described by the new ANSI 92.20 standard.
September 14, 2020
Improved Safety and Reliability for Self-Propelled Sprayers
Sponsored
Improved Safety and Reliability for Self-Propelled Sprayers
Spicer® Torque-Hub® wheel drives from Dana feature dual brake systems for self-propelled sprayers that work independently to provide improved safety and reliability, while heavy-duty main bearings and retention allow for high wheel offsets and side loads.
September 4, 2020
Latest
Slewing Rings 500x354 2
Emerson Bearing Expands Line of Slewing Ring Bearings
The slewing ring bearings feature a shaftless design and low-friction, enabling use in a wide variety of heavy-duty applications.
September 21, 2020
The Air Link Redline tandem axle suspension offers a smoother ride and roll stability.
Link Redline Performance Series Suspensions
The Redline Performance Series Suspensions are designed to meet the weight and configuration needs of various types of fire apparatus.
September 18, 2020
207 Usrb Time Saving Groove4
Regal Beloit Sealmaster Unitized Spherical Roller Bearing with Time Saving Axial Groove
The patented design eliminates interference with the burr created by the setscrew through use of axial grooves at setscrew locations that run the length of the inner ring.
September 17, 2020
Ktec 1263 Scraper 2
Polygon Develops Custom Composite Bushings to Simplify Maintenance
Polygon collaborated with K-Tec Earthmovers to develop bushings featuring liners that eliminate the need for greasing or other regular maintenance.
September 17, 2020
Ms440 001 Scaled
MAXAM MS453 Open Pit Mining Tire
Enhanced casing construction with advanced compounding technology on the MS453 tire ensures durability in mining operations.
September 16, 2020
The new facility in India will help increase production of ATG tires for various off-highway applications.
Yokohama Rubber Building New Tire Plant in India for ATG Off-Highway Tires
Further increases in demand for ATG’s off-highway tires led to the decision to build an entirely new plant.
September 11, 2020
Choosing the application of the finished electric work truck sets the stage for how the chassis will be customized to accommodate the body and batteries.
The Process for Achieving Electric Work Trucks: Vocational Upfit on Electric Chassis
Understanding the application and power requirements are integral steps in the developing the chassis for electric work trucks.
September 8, 2020
Nokian Tyres Intuitu Sep 2020 01
NOKIAN Intuitu Smart Tires Now Available
Nokian Tyres Intuitu consists of sensor-equipped smart tires and a mobile application to monitor tire pressure and temperature.
September 2, 2020
Sustainable Rubber Supply Chain1 Continental Giz Canopy Indonesia
Continental and BMZ Creating Digital Traceability for Rubber Supply Chain
The new system will enable the successful documentation of the entire supply chain through a digital tracing system.
August 31, 2020
Ati Indy Go 03
Allison Transmission Providing Electric Hybrid Propulsion Systems for IndyGo Buses
IndyGo will use Allison’s H 40 EP electric hybrid propulsion solution to power 27 new buses; it will also use the new eGen Flex system in its fleet.
August 31, 2020
H4050 Wbackground
Allison Transmission eGen Flex Electric Hybrid System
The eGen Flex electric hybrid system provides bus fleets with full electric engine-off propulsion and accessory power operation capability.
August 28, 2020
Ac 11
Southco AC-11-EM Rotary Latch Actuator with Electronically Controlled Locking
The AC-11-EM Rotary Latch Actuator with electronically controlled locking eliminates the need for mechanical key access when connected to a remote access controller.
August 27, 2020
2020 08 24 Voltazero Bridgestone
Bridgestone Supplying Tires for Volta Zero Electric Truck
Bridgestone will supply tires for the Volta Zero launch vehicle as well as the pilot fleet of electric trucks.
August 27, 2020
Ms708 Sm
MAXAM Tire Opens New Solid Tire Factory
The new manufacturing facility is strategically aligned to serve today’s market demands through compound advancement and automated technology.
August 26, 2020
2020 08 25 5 Track Jeversen Zf
ZF Opens Expanded Commercial Vehicle Test Track
ZF’s Commercial Vehicle Control Systems division has invested around 18 million EUR expanding its commercial vehicle testing capability for trucks and buses.
August 26, 2020
H4050 Wbackground
Allison Transmission Launches eGen Flex Electric Hybrid System
eGen Flex will be the initial product offering under the new Allison eGen brand of electric and electric hybrid propulsion solutions.
August 26, 2020
Allison Vet 1
Allison Transmission Vehicle Environmental Test Center Now Open
The test facility includes two chassis dyno-equipped environmental chambers capable of simulating a broad range of duty cycles and environmental conditions.
August 25, 2020
Mark Kromer
Bendix Appoints Three New Company Executives
Mark Kromer, Aaron Schwass, and Mike Tober have moved into newly created executive roles as part of Bendix's growth initiatives.
August 24, 2020
Idealease Hyliion
Hyliion and Dana Partner with Idealease to Demonstrate Hybrid System for Class 8 Vehicles
Idealease will conduct a national tour of Hyliion’s hybrid powertrain technology for U.S. commercial fleets.
August 21, 2020
Dana Manufacturing Facilities In Yancheng China
Dana Opens New Manufacturing Facility in China to Meet Growing Customer Needs
The new facility helps strengthens Dana's manufacturing capabilities of drivetrain components for off-highway equipment manufacturers in the region.
August 20, 2020
Base Independent Suspension Axle With Alcon Calipers Fitted
Alcon Selected as Braking System Supplier for BASE Drivetrain Systems
Alcon will provide BASE with bespoke solutions to meet the demanding requirements of specialist axles for use in harsh environments.
August 19, 2020
The undercarriage components market will be driven by growth in construction equipment demand.
Undercarriage Components Market to Expand 4% Through 2030
Fact.MR reports the undercarriage market will reach a value of U.S. $2.7 billion as global demand for construction equipment picks up again.
August 17, 2020
Hendrickson Logo W Tag
Hendrickson Acquires Brake and Slack Adjuster Businesses from STEMCO
The acquired business segments will operate as a division of Hendrickson Truck Commercial Vehicle Systems.
August 17, 2020
A push toward smarter tire technology will be one of the ways the global tire market transforms in coming years.
New Report Highlights 20 Disruptive Technologies Driving Innovation in Global Tire Market
New materials and smart driving concepts will transform the global tire market in the coming decades, says a new report from Smithers.
August 13, 2020