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Strategy/Policy

Dana set to sell Off-Highway business

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By Luke Willetts - 27th November 2024

Dana Off-Highway business

USA– As part of a broader strategy to streamline operations and initiate a USD 200 million cost reduction plan, chassis components supplier, Dana Incorporated of Maumee, Ohio, USA, announced plans to sell its Off-Highway business. The company has hired both Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC to advise and facilitate the sale.

This decision is part of a broader strategy to focus on Dana's core competencies in light and commercial vehicle markets. The sale is expected to strengthen Dana's balance sheet and unlock untapped shareholder value.

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