The company announced record 2023 sales figures of USD 10.6 billion, an increase of 4% compared with 2022 figures of USD 10.2 billion. Adjusted EBITA rose by USD 145 million, to USD 845 million in 2023 (2022: USD 700 million). Financially, the company is healthy with an operating cash flow of USD 476 million and a sales backlog of USD 950 million.

Steven Miller replaces Brett Icahn as Icahn Capital Board Designee. Miller is a portfolio manager at Icahn Capital L.P. a subsidiary of Icahn Enterprises L.P. The board will continue to be composed of 10 directors, nine of whom are independent.

The ‘Zero-6 e-Transmissions’ – part of Dana’s range of ‘Spicer Electrified’ drives for commercial vehicles – brings together motor, inverter, and three-speed transmissions in a single unit.

These metallic bipolar plates are engineered to maximise the performance of proton exchange membrane (PEM) electrolysers used to produce hydrogen fuel.

In order to achieve this goal, renewable energy projects supplying each of its major facilities will play a key role in providing green energy helping to gradually reduce the company’s carbon footprint.

The semiconductors will be used in Dana's silicon-carbide inverters, which enable higher system efficiency and power density for medium and high-voltage inverter applications, resulting in the potential for increased range.

Dana UK operations has won a grant to develop an electric powertrain for the OX Delivers truck for emerging markets.

Maumee, Ohio-based Dana Inc has entered an agreement with Lion Electric Co of Saint-Jérôme, Canada, to supply its electric trucks and buses with drive components. The agreement covers electric motors, inverters, controllers, axles, and driveshafts for all of Lion’s electric platforms.

Ohio-based Dana Inc has announced that its new Sustainable Mobility Center, located at its headquarters, has been awarded with Leadership in Energy and Environmental Design (LEED) certification.

Dana Inc of Maumee, Ohio, has announced it has entered into an agreement with investor Icahn Capital, whereby Brett Icahn and Gary Hu, two portfolio managers at Icahn, will join Dana’s Board of Directors, effective immediately.

Dana Inc. of Maumee, Ohio, and Robert Bosch GmbH of Gerlingen, Germany, have announced a long-term cooperation agreement to mass produce metallic bipolar plates for fuel cell stacks.

Dana will acquire a 1% stake in the UK electric vehicle manufacturer and will become the preferred supplier for electric drivetrain components.