Dana Inc focuses on electrified drivetrains amid evolving auto demand
Dana Inc is strategically expanding its focus on electrified drivetrains to meet evolving demand from global auto and commercial vehicle manufacturers for higher efficiency and reduced emissions. The company aims to balance its long-standing traditional powertrain component business with new offerings like e-axles and thermal management solutions for electric vehicles. This dual approach allows Dana to maintain its role as a key supplier while adapting to the industry's shift towards electrification, securing its position in both conventional and advanced vehicle markets.
Dana Inc (DAN) CEO Bruce McDonald granted 31,155 restricted stock units as equity pay
Dana Inc. CEO R. Bruce McDonald was granted 31,155 restricted stock units (RSUs) as part of his compensation on June 29, 2026. These RSUs, which cost $0.00 per unit, represent the right to receive one share of Dana common stock or its cash equivalent and include dividend equivalent rights. The units will fully vest on June 29, 2027, making them eligible for delivery of shares or cash.
How Eaton & Dana Merger Will Reshape Auto Supply Chain
Dana Incorporated will combine with Eaton's Mobility Business in a deal valued at over US$10 billion, creating a leading powertrain solutions provider. The merger, expected to close in Q1 2027, will integrate their technologies, diversify offerings, and generate US$250 million in cost synergies. This strategic move allows Eaton to focus on its Electrical and Aerospace businesses, while Dana expands its presence in commercial vehicle powertrains.
IAM Applauds Senators Durbin, Duckworth in Calling on Dana Inc. to Do Right by Robinson, Illinois Workers
The IAM Union welcomed a letter from U.S. Senators Dick Durbin and Tammy Duckworth urging Dana Inc. to engage in good-faith bargaining regarding the closure of its Robinson, Ill., automotive gasket manufacturing plant. The closure will displace 69 IAM-represented workers, and the union, along with the senators, is pushing for a comprehensive transition package and support for affected employees. The plant has been a community anchor since 1968, and IAM International President Brian Bryant emphasized that Dana Inc. owes more to these workers than just a pink slip.
Wells Fargo Says Dana (DAN) Merger will Boost Aftermarket and Commercial Vehicle Exposure
Wells Fargo lowered its price recommendation for Dana Incorporated (DAN) to $33 from $36, reiterating an Equal Weight rating, following the announcement of Dana's merger with Eaton Mobility. The firm noted that the transaction is expected to significantly increase Dana's exposure to the aftermarket and commercial vehicle markets, although growth expectations and projected synergies appear ambitious. The deal, valued at approximately $5.1 billion, will result in Eaton shareholders owning at least 50.1% of the combined company, which will operate as Dana Inc. and is projected to have an enterprise value over $10 billion with $250 million in run-rate cost synergies within 24 months of closing.
Licensable picture: A Dana Inc. assembly technician wears a face mask as she assembles axles for automakers, amid the coronavirus (COVID-19) outbreak, in Toledo
This licensable image from Reuters, taken on May 18, 2020, shows a Dana Inc. assembly technician wearing a face mask while assembling axles for automakers in Toledo, Ohio. The photo highlights the auto industry's reopening efforts amid the coronavirus disease (COVID-19) outbreak. The image is credited to Rebecca Cook of Reuters.
BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Arcosa, Inc. (NYSE – ACA), Fathom Holdings Inc. (Nasdaq – FTHM), Nuvalent, Inc. (Nasdaq – NUVL), Dana Incorporated (NYSE – DAN)
Brodsky & Smith is investigating potential breaches of fiduciary duties concerning the acquisitions of Arcosa, Inc. (ACA) by CRH, Fathom Holdings Inc. (FTHM) by Bed Bath & Beyond, Nuvalent, Inc. (NUVL) by GSK plc, and Dana Incorporated (DAN) by Eaton Corporation plc. The law firm is examining whether the boards of the target companies failed to conduct fair processes and whether the deal considerations offer fair value to shareholders. Investors in these companies are invited to contact Brodsky & Smith for discussions regarding these investigations.
BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of
Brodsky & Smith is reminding investors about ongoing investigations into several companies due to their respective merger agreements. The law firm is examining whether the boards of Arcosa, Inc., Fathom Holdings Inc., Nuvalent, Inc., and Dana Incorporated breached their fiduciary duties to shareholders by not conducting fair processes and ensuring fair value in their acquisition deals. Shareholders are encouraged to contact Brodsky & Smith to discuss these investigations.
SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Dana Incorporated (NYSE: DAN)
Monteverde & Associates PC, a class action law firm, has announced an investigation into Dana Incorporated (NYSE: DAN) concerning its sale to Eaton Corporation plc. The firm is examining whether the proposed transaction, which would result in Dana shareholders owning approximately 49.9% of the combined company, constitutes a fair deal for shareholders. Shareholders are encouraged to contact the firm for more information regarding their rights.
Dana Incorporated Investor Alert: Kahn Swick & Foti, LLC Investigates Merger of Dana Incorporated - DAN
Kahn Swick & Foti, LLC (KSF) is investigating the proposed merger between Dana Incorporated (NYSE: DAN) and Eaton Corporation plc (NYSE: ETN). The law firm aims to determine if the merger is fair to Dana shareholders, who will own approximately 49.9% of the combined company. KSF encourages Dana shareholders to contact them to discuss their legal rights regarding the transaction.
Dana, Eaton Mobility combination signals powertrain prowess
Dana Inc., known for its Spicer series axles, is merging with Eaton Corp.'s Mobility business to form a combined entity that will be a leading provider of powertrain solutions. The transaction, expected to close in July, will integrate Dana's thermal and sealing technologies with Eaton Mobility's commercial vehicle transmissions and engine products. This strategic move aims to enhance customer value, strengthen margins, and leverage synergies through a more balanced portfolio.
Gasgoo Weekly | NIO responds to being added to US "Chinese Military Company List"; Dana acquires Eaton's mobility business
This Gasgoo Weekly covers NIO's response to being added to the US "Chinese Military Company List," stating it is neither a military company nor involved in civil-military integration and plans to challenge the listing. Other major news includes Saidou Technology launching its AI car brand AIVA, Chery partnering with Yinwang on autonomous driving, Changan Automobile selling its stake in Changan Ford New Energy, BYD's Hungary plant set to begin production in Q4, and Dana acquiring Eaton's mobility business.
Dana Stock Plunges on Plan for Growth. The Selloff May Be Overdone.
Shares of auto parts supplier Dana (DAN) plunged after the company announced a "transformational deal" with Eaton. Despite the selloff, which indicates investors are not confident in management's strategy, the stock is still up 30% year-to-date. The article suggests that current market reaction might be an overreaction.
Executive pay for Dana (NYSE: DAN) CEO Foster and chairman McDonald
Dana Incorporated has updated its compensation details for incoming CEO Byron S. Foster and Executive Chairman R. Bruce McDonald, effective July 1, 2026. Foster's compensation includes a $1,000,000 base salary and a target annual incentive of 150% of his base salary, alongside eligibility for long-term incentives. McDonald, serving until December 31, 2028, will receive a $700,000 base salary, a target annual incentive of 100% of his base salary, and a $5,000,000 restricted stock unit award.
Dana (DAN) and Eaton to combine Mobility Group; pro forma EV > $10B
Dana Incorporated and Eaton Mobility plan to merge their Mobility Group through a Reverse Morris Trust transaction, forming a combined company with an implied enterprise value exceeding $10 billion. Eaton's Mobility Group is valued at approximately $5.1 billion, and the pro forma ownership will be split with ~50.1% for Eaton shareholders and ~49.9% for Dana shareholders. The transaction, expected to close in Q1 2027, aims to enhance Dana's scale, accelerate growth, and revise Dana's 2030 sales target to $14-$15 billion.
Two automotive suppliers strike $10 billion deal to combine operations
Dana Incorporated and Eaton Corporation have announced a $10 billion deal to combine Dana with Eaton’s Mobility business, creating a new company focused on powertrain technologies for commercial and light vehicles. The transaction, structured as a Reverse Morris Trust, will result in Eaton shareholders owning at least 50.1% and Dana shareholders 49.9% of the new entity, which is projected to generate $11 billion in annual revenue and approximately $1.7 billion in adjusted EBITDA. This strategic move aims to strengthen their position in a rapidly evolving automotive industry, particularly concerning electrification and advanced propulsion systems.
CPI | Dana, Eaton Strike Auto Parts Deal Worth More Than $10 Billion
Dana and Eaton's mobility business are combining in a transaction valued at approximately $5.1 billion, creating an automotive supplier with an enterprise value exceeding $10 billion. The merged entity will retain the Dana Inc name, with Eaton shareholders owning at least 50.1% and Dana investors holding around 49.9%. This deal aims to leverage continued strength in the replacement parts market and achieve $250 million in annualized cost savings.
Eaton to combine Mobility Group with Dana in $5.1 billion deal
Eaton Corp. plans to combine its Mobility Group with Dana Inc. in a deal valued at $5.1 billion. The article, published by Crain's Cleveland Business, reports on this significant transaction between the two companies. A photograph of truck transmissions at an Eaton facility accompanies the brief announcement.
Dow Jones Top Company Headlines at 9 AM ET: Dana to Combine With Eaton's Mobility Business in $5.1 Billion Deal | Citigroup ...
The article provides a snapshot of top company headlines, highlighting Dana's $5.1 billion deal to combine with Eaton's mobility business. It also mentions Citigroup and other significant business news.
Dana to Combine With Eaton’s Mobility Business in $5.1 Billion Deal
Dana has announced an agreement to combine with Eaton’s Mobility business in a $5.1 billion deal to create a more comprehensive supplier for commercial- and light-vehicle markets. Eaton shareholders will own at least 50.1% of the combined company, with Dana shareholders owning approximately 49.9%. Eaton is also set to receive a cash distribution of about $1.1 billion.
Dana and Eaton to combine vehicle businesses in $5.1B deal
Dana Incorporated and Eaton Corporation have announced a definitive agreement to merge Dana with Eaton’s Mobility business in a $5.1 billion Reverse Morris Trust transaction. The deal will create a combined vehicle supplier with an enterprise value exceeding $10 billion, with Eaton shareholders owning at least 50.1% of the new entity, which will retain the Dana Incorporated name. The transaction, expected to close in early 2027, aims to generate $250 million in annual cost synergies and allows Eaton to focus on its higher-growth Electrical and Aerospace segments.
Dana to merge with Eaton’s mobility arm in $5.1B deal amid strong auto parts demand
Dana is set to merge with Eaton's mobility arm in a $5.1 billion deal, driven by strong demand for auto parts. This merger follows Eaton's earlier announcement of its plans to spin off its underperforming automotive businesses. The acquisition highlights the ongoing consolidation and strategic realignments within the automotive supplier industry.
[8-K] DANA Inc Reports Material Event
DANA Inc. has announced a definitive agreement to combine with Eaton’s Mobility business in a Reverse Morris Trust transaction valued at approximately $5.1 billion. This merger will create a comprehensive powertrain leader with projected 2026 sales of $11 billion and an estimated $250 million in annual cost synergies. The combined entity aims for significantly increased 2030 targets, including $14-$15 billion in sales and enhanced profit margins.
Eaton to Merge Mobility Business With Dana in $10 Billion Deal
Eaton Corp. has agreed to merge its mobility business with Dana Inc. in a deal worth approximately $10 billion, including debt. This strategic move allows Eaton to concentrate on its electrical and aerospace sectors, which are experiencing growth due to trends like the AI-driven data center expansion. The announcement was made on Thursday.
Dana Inc. Closing Plant In Robinson
Dana Incorporated is closing its plant in Robinson, Illinois, with layoffs expected to begin next week and last until October. The auto parts manufacturer's decision will impact more than 80 employees. The company sent a notice to the state regarding the impending closures and layoffs.
Dozens to be laid off as Illinois auto parts manufacturing plant closes
Dana Incorporated is closing its automotive parts manufacturing plant in Robinson, Illinois, leading to the layoff of 81 employees starting June 15. The mayor of Robinson, Mike Shimer, expressed disappointment over the closure and stated the city is exploring ways to support the affected workers. Dana Incorporated, headquartered in Ohio, specializes in propulsion solutions for vehicles.
Dana Inc. Closing Plant in Robinson, IL
Dana Incorporated is set to close its plant in Robinson, Illinois, with layoffs beginning this month and continuing through October. The auto parts manufacturer's decision will impact more than 80 employees. The company sent a notice to the state regarding the impending plant closure.
Dana (NYSE: DAN) director receives grant of dividend equivalent rights
Dana Inc. director Nora E. LaFreniere received 18 dividend equivalent rights on May 29, 2026, as part of her compensation. These rights are tied to previously granted restricted stock units and are economically equivalent to one share of Dana common stock each, with a $0.00 exercise price. This transaction is a standard equity compensation grant and does not involve open-market buying or selling of Dana shares.
Dana (NYSE: DAN) CFO receives 403 dividend equivalent rights tied to RSUs
Timothy R. Kraus, SVP and Chief Financial Officer of Dana Inc (NYSE: DAN), was granted 403 dividend equivalent rights on May 29, 2026. These rights are linked to his previously awarded restricted stock units and become exercisable proportionally with those units. Following this grant, Kraus directly holds 7,652 dividend equivalent rights, each equivalent to one share of Dana common stock.
DANA Inc (DAN) SVP granted 304 dividend equivalent rights tied to RSUs
DANA Inc.'s Senior Vice President, Brian Keith Pour, was granted 304 dividend equivalent rights connected to previously awarded restricted stock units. These rights are economically equivalent to one share of DANA common stock each. Following this transaction, Pour directly holds a total of 5,228 dividend equivalent rights.
DANA Inc (DAN) director awarded 18 Dividend Equivalent Rights tied to RSUs
DANA Inc. director, Diarmuid B. O'Connell, was granted 18 Dividend Equivalent Rights tied to previously awarded Restricted Stock Units (RSUs) on May 29, 2026. These rights, which are the economic equivalent of 18 shares of common stock, vest proportionately with the related RSUs. As a result of this transaction, O'Connell now holds a total of 39 Dividend Equivalent Rights.
DANA Inc (DAN) CEO awarded 625 dividend equivalent rights tied to RSUs
DANA Inc.'s Chairman & CEO, R. Bruce McDonald, was granted 625 Dividend Equivalent Rights (DERs) in a recent Form 4 filing. These DERs are tied to previously awarded restricted stock units (RSUs) and are the economic equivalent of 625 shares of Dana common stock. This grant increases his total directly held DERs to 1,326, representing routine equity-based compensation rather than an open-market transaction.
DANA Inc (DAN) SVP Douglas Liedberg granted 212 dividend equivalent rights
DANA Inc's SVP and General Counsel, Douglas H. Liedberg, was granted 212 dividend equivalent rights, tied to previously awarded restricted stock units. These rights represent the economic value of one common stock share each, increasing his total to 4,098 dividend equivalent rights. This transaction is considered a routine equity compensation grant and does not involve open-market trading.
DANA Inc (DAN) director receives 18 dividend equivalent rights as equity award
DANA Inc. director Bridget E. Karlin received 18 dividend equivalent rights as an equity award on May 29, 2026. These rights, which are the economic equivalent of one share of DANA common stock, accrued on previously granted restricted stock units. This grant increases her total holdings of dividend equivalent rights to 39, reflecting a compensation-related transaction rather than a stock purchase or sale.
DANA Inc (DAN) director awarded 18 dividend equivalent rights tied to RSUs
DANA Inc director Hanna Olivia Nelligan was granted 18 dividend equivalent rights on May 29, 2026, linked to previously awarded restricted stock units. These rights are economically equivalent to one share of Dana common stock each, increasing her total holding to 39 dividend equivalent rights. This transaction is a compensation-related grant, not an open-market purchase or sale.
Dana (NYSE: DAN) executive awarded 297 dividend equivalent rights as equity compensation
Dana Inc. executive Byron S. Foster, President of Light Vehicle Drive Systems, was awarded 297 dividend equivalent rights as equity compensation. These rights are tied to previously granted restricted stock units and are the economic equivalent of Dana common shares, bringing his total directly held derivative-based position to 5,414 rights. This transaction is considered neutral, as it reflects compensation and not an open-market purchase or sale of common stock.
Dana (NYSE: DAN) CEO awarded 22,808 restricted stock units in new grant
Dana Inc.'s Chairman and CEO, R. Bruce McDonald, was granted 22,808 restricted stock units (RSUs) on May 28, 2026. These RSUs equate to shares of Dana common stock or a cash equivalent, include dividend equivalent rights, and will fully vest on the first anniversary of the grant. This award aligns executive interests with shareholders and details are available in the company's SEC Form 4 filing.
Licensable picture: Dana Inc. assembly technician Brandon Green wears a face mask as he works to assemble axles for automakers, amid the coronavirus disease (COVID-19) outbreak, in Toledo
This licensable picture from Reuters Connect shows Dana Inc. assembly technician Brandon Green working to assemble axles for automakers in Toledo, Ohio. The image captures the worker wearing a face mask as the auto industry reopens amid the COVID-19 outbreak on May 18, 2020. The picture is credited to Reuters and photographer Rebecca Cook.
Dana Inc. to host CEO fireside chat at UBS Auto Tech Conference on June 3
Dana Incorporated announced its participation in the UBS Auto and Auto Tech Conference on June 3, where incoming CEO Byron Foster and Chairman R. Bruce McDonald will host a fireside chat. The event, lasting about 40 minutes and starting at 1:00 p.m. EDT, will be accessible via webcast on Dana's investor website. This highlights Dana's leadership transition and its ongoing contributions to automotive innovation, building on its global leadership in propulsion solutions with $7.5 billion in sales in 2025 across 24 countries.
Incoming Dana CEO Byron Foster to speak at UBS auto tech event
Dana Incorporated (NYSE: DAN) announced its participation in the UBS Auto and Auto Tech Conference on June 3, 2026. Incoming CEO Byron Foster and Chairman R. Bruce McDonald will host a 40-minute fireside chat. This follows several recent positive corporate updates and successful Q1 2026 results.
Assessing Allison Transmission Holdings (ALSN) Valuation After Dana Off Highway Acquisition And Recent Share Price Pullback
Allison Transmission Holdings (ALSN) stock has recently seen a pullback after gaining 0.7% over the past day and 1.7% over the past week. Despite the recent dips, the stock shows strong long-term momentum with a 3-year total shareholder return of 133.6%. The company is considered undervalued, with a fair value of $136.50 against its current trading price of $109.87, partly due to the expected benefits from its acquisition of Dana's Off-Highway business.
Dana (DAN) posts Q1 2026 non-GAAP EBITDA and EPS improvement
Dana Incorporated reported an improvement in its Q1 2026 non-GAAP financial performance, with Adjusted EBITDA increasing to $171 million and diluted adjusted EPS reaching $0.14. While the company recorded a net loss from continuing operations, net income attributable to the parent company was $1,087 million, largely driven by $1,106 million from discontinued operations. Despite positive non-GAAP profitability, adjusted free cash flow was negative, reflecting working capital use and capital spending.
Dana (DAN) uses Off-Highway sale to cut debt and boost equity
Dana Incorporated reported first-quarter 2026 results showing a significant financial transformation due to the sale of its Off-Highway business, which generated $2,664 million in gross cash proceeds. This divestiture led to a net income of $1,087 million attributable to the parent, significantly reduced the company's total debt from $3,211 million to $1,260 million, and more than doubled total equity to $2,014 million. While continuing operations posted a slight loss and incurred $56 million in electric-vehicle program termination charges, overall segment EBITDA for Light Vehicle and Commercial Vehicle segments showed improvement.
DANA Inc 1Q 2026: Revenue $1.87B, Net income $1.09B, EPS $9.89— 10-Q Summary
DANA Inc reported strong first-quarter 2026 results with revenue of $1.87 billion, a 4.9% increase year-over-year, and a significant surge in net income to $1.09 billion, up 4248%. Diluted EPS also saw a substantial rise to $9.89. The company's growth was fueled by pricing recoveries, backlog conversion, favorable currency movements, and strategic realignment and divestitures aimed at focusing on on-highway light and commercial vehicle markets.
Dana (DAN) delays Q1 filing; reports $1.05B–$1.15B preliminary net income
Dana Incorporated has notified the SEC that it will delay its Q1 2026 Form 10-Q filing due to complex post-closing consolidation related to the sale of its Off-Highway business. The company expects to use a five-day extension and has released preliminary results, including sales of $1.87 billion from continuing operations and an estimated net income of $1.05 billion to $1.15 billion, largely due to the divestiture gain. However, operating cash flow showed a significant increase in usage compared to the prior year.
A Look At Allison Transmission (ALSN) Valuation After Dana Off Highway Acquisition Reshapes Q1 2026 Results
Allison Transmission Holdings (ALSN) is under scrutiny after its Q1 2026 results, which included US$1.41 billion in revenue from the Dana off-highway acquisition, lower net income, but reaffirmed full-year guidance. With recent share price declines despite long-term momentum and reaffirmed guidance, the article questions whether ALSN is undervalued, suggesting a fair value of $136.50 based on anticipated earnings growth and synergies from the acquisition. Investors are encouraged to consider the potential risks and rewards of this valuation.
Dana (DAN) Earnings Date and Reports 2026 $DAN
Dana (DAN) reported Q4 2025 earnings on February 27, 2026, with an EPS of $0.85 and revenue of $1.87 billion. The company anticipates its next earnings report around July 24, 2026, with expected EPS growth of 40.84% in the coming year, from $2.62 to $3.69 per share. Dana has provided FY 2026 EPS guidance between $2.00-$3.00 and revenue guidance of $7.3 billion-$7.7 billion.
Dana (NYSE:DAN) Shares Cross Above Two Hundred Day Moving Average - Here's Why
Dana Incorporated (NYSE:DAN) shares surpassed their 200-day moving average on Thursday, trading as high as $36.27 before settling at $34.60. The company maintains a "Moderate Buy" consensus rating with an average price target of $40.00, despite recent downgrades by some analysts. Additionally, Dana declared a quarterly dividend of $0.12 per share, yielding 1.4% annually, with the ex-dividend date on May 8th.
Allison Transmission set to report first earnings since Dana deal By Investing.com
Allison Transmission is set to report its first-quarter earnings, which will reflect the impact of its recent $2.7 billion acquisition of Dana Inc.’s Off-Highway Drive & Motion Systems business. Analysts anticipate a significant increase in revenue due to the acquisition, but a decline in EPS compared to the prior year. Investors will be closely watching for details on the integration of the acquired business, stabilization of North American on-highway demand, and progress on synergy achievements and electrified propulsion systems.
Dana (NYSE: DAN) Schedule 13G/A: American Century & Stowers report ~5.6% holdings
American Century ETF Trust, American Century Investment Management, Inc., American Century Companies, Inc., and Stowers Institute for Medical Research have filed an Amendment No. 1 to Schedule 13G/A for Dana Incorporated (NYSE: DAN), reporting beneficial ownership. American Century ETF Trust holds 5.4% (5,857,126 shares), while the other three entities each report 5.6% beneficial ownership (6,152,373 shares) of Dana's common stock. These filings indicate passive investment intent, with each reporting entity maintaining sole voting and dispositive power over their respective holdings.
