The company announced record 2024 sales figures of USD 10.3 billion, a decrease of USD 300 million compared with 2023 figures of USD 10.6 billion. Adjusted EBITA rose by USD 14 million in 2024, to USD 885 million (2023: USD 845 million). Financially, the company has a free cash flow of between USD 175 to USD 275 million (2023 USD 476 million).

This system is tailored for heavy-duty commercial vehicles, particularly those in fleet operations, to enhance fuel economy, reduce maintenance costs, and increase overall vehicle longevity and payload capacity.

R. Bruce McDonald will be responsible for implementing Dana’s strategy to streamline operations and enhance shareholder value, as evidenced by its recent announcement to sell its Off-Highway business and initiate a USD 200 million cost reduction plan.

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.

The company expanded its Certified Reman remanufacturing program to include its Spicer Off-Highway drivetrain components (axles, transmissions, torque converters and gearboxes). Available at Dana facilities across Europe and North America, the Reman program will extend equipment life cycles, improve customer ROI and increase the sustainability of its Spicer products.

There was plenty to report from the 2024 edition of the Advanced Clean Transportation (ACT) Expo held at the Las Vegas Convention Center between May 20-23.

The 2024 Commercial Vehicle Show in Birmingham from 23 – 25 April, was a somewhat sombre affair without the truck OEMs, yet plenty of exhibitors turned up to display their new product offerings. Of course, the T&BB team was in attendance to bring you all the latest news from the show.

The European e-bus market gathered in Bonn, Germany to test drive several OEM’s new electric bus (some articulated) offerings. T&BB was in attendance as we gathered at the Stadtwerke Bonn bus depot to begin comparison testing.

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.