# Dana Incorporated

> Dana designs and manufactures axles, driveshafts, transmissions, electric propulsion components, sealing products, and thermal systems for vehicle manufacturers and the replacement-parts market. Its 2025 continuing-operations revenue was $7.5 billion. After selling its Off-Highway business in January 2026, it agreed to combine with Eaton Mobility, with closing expected in early 2027.

- **Founded:** 1904
- **Headquarters:** Maumee, United States
- **Founders:** Clarence W. Spicer (Founder and inventor)
- **Products:** Spicer AdvanTEK Ultra axles, Spicer SmartConnect, Dana TM4 propulsion technologies, Graziano transmissions, Victor Reinz sealing
- **Notable:** Founded in 1904 around Clarence Spicer’s patented encased universal joint., Spicer AdvanTEK Ultra received a 2019 Automotive News PACE Award., Reported $248 million in cost savings in its February 2026 release covering 2025 results.

## Products & services

- **Spicer AdvanTEK Ultra axles** — High-efficiency axles designed around ultra-low-viscosity lubricant; received a 2019 Automotive News PACE Award. Dana claims up to 45% lower axle energy loss versus a typical axle, not 45% lower whole-vehicle fuel consumption.
- **Spicer SmartConnect** — Disconnecting all-wheel-drive system that operates in front-wheel drive when suitable and engages AWD when required.
- **Dana TM4 propulsion technologies** — Low- and high-voltage motors, generators, inverters, and control systems for electric propulsion.
- **Graziano transmissions** — Manual, automated manual, dual-clutch, hybrid, and electric drive technologies for high-performance vehicles.
- **Victor Reinz sealing** — Original-equipment and replacement gaskets and sealing systems for engines, transmissions, and exhaust applications.
- **Thermal-management components** — Battery cooling plates, electronics cooling, oil coolers, and protective shielding.
- **Aftermarket parts and support** — Spicer, Spicer Select, Victor Reinz, Glaser, Tru-Cool, and Dana crate axles, with catalog, technical information, and training resources.

## Achievements

- Founded in 1904 around Clarence Spicer’s patented encased universal joint.
- Spicer AdvanTEK Ultra received a 2019 Automotive News PACE Award.
- Reported $248 million in cost savings in its February 2026 release covering 2025 results.
- Completed the $2.7 billion Off-Highway sale in January 2026.

## Latest updates

- **2026-08** — Q2 sales reached $2.010 billion; adjusted EBITDA was $207 million, or 10.3% of sales. Net income from continuing operations was $11 million; net loss attributable to the parent was $5 million.
- **2026-07** — Byron Foster became CEO on July 1; R. Bruce McDonald became Executive Chairman under the announced leadership transition.
- **2026-06** — Announced Eaton Mobility combination at approximately $5.1 billion, with expected Q1 2027 completion and targeted $250 million annual run-rate synergies within 24 months after closing.
- **2026-02** — Final 2025 results reported $7.5 billion in continuing-operations sales and $610 million adjusted EBITDA.
- **2026-01** — Completed Off-Highway sale to Allison; company announcement used $2.7 billion transaction value, while the Form 10-K records January 1 closing and $2.664 billion initial cash proceeds.

## Links

- Website: https://www.dana.com/
- LinkedIn: https://www.linkedin.com/company/dana-incorporated/
- Twitter/X: https://twitter.com/DanaInc_
- YouTube: https://www.youtube.com/user/DanaHoldingCorp
- Instagram: https://www.instagram.com/spicerbrasil/
- Facebook: https://www.facebook.com/DanaIncorporated/

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Profile page: https://yespress.io/dana-incorporated
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Last updated: 2026-10-22