What Dana makes

Dana Incorporated designs and manufactures drivetrain and propulsion systems for light vehicles, commercial vehicles, and the associated aftermarkets. The company's two principal business segments are Light Vehicle Systems and Commercial Vehicle Systems.

Light Vehicle Systems covers axles, driveshafts, transmissions, thermal management products, and sealing solutions for passenger cars, pickup trucks, SUVs and crossovers, vans, and specialty electric vehicles. Commercial Vehicle Systems covers heavy-duty and medium-duty axles, driveshafts, and drivetrain components for linehaul, heavy-haul, vocational, and medium-duty trucks. Across both segments Dana supplies electrodynamic components including motors, inverters, controllers, and digital vehicle management solutions -- enabling the same drivetrain architecture to serve internal combustion, hybrid, and fully electric powertrains.

The hydraulics product line -- pumps, motors, valves, and power units under the Dana Hydraulic Solutions brand -- addresses mobile and stationary fluid-power applications. Dana also operates an aftermarket channel offering genuine, all-makes, and value-tier parts to the service and repair market.

As of early 2026, the company operated 66 major manufacturing and assembly plants, 47 serving light vehicle customers and 19 serving commercial vehicle customers, across 24 countries and six continents, supported by 11 global technology centers. Per the company's investor materials, Dana holds supplier-tier status with virtually every major on-highway original equipment manufacturer globally.

Financial performance

Dana reported FY2025 sales of $7.5 billion from continuing operations, with an adjusted EBITDA of $610 million (8.1% adjusted EBITDA margin), per a February 2026 press release. The Berylls by AlixPartners Top-100 Automotive Suppliers study for 2026 placed Dana at rank 36, with an automotive-sector revenue of approximately €8.8 billion and a 4.2% EBIT margin for the fiscal year. The prior-year Berylls figure was €9.5 billion, representing a reported decline of 6.9%; the company's own 10-K filings confirm this swing was driven almost entirely by the January 2026 divestiture of the Off-Highway business unit, which employed approximately 11,000 people and served construction, agriculture, and mining markets.

Dana employed approximately 26,900 people globally as of December 31, 2025, following the Off-Highway separation. The pre-divestiture headcount was approximately 39,600 as of December 31, 2024. The company's research and development spending was $105 million in 2025, down from $184 million in 2024, as the portfolio narrowed to on-highway applications.

A $325 million cost-reduction initiative, launched alongside the leadership transition in late 2024, achieved approximately $248 million in savings through year-end 2025. The company returned $704 million to shareholders in 2025 and repurchased 34 million shares, representing 23% of shares outstanding, funded substantially by proceeds from the Off-Highway sale.

Ownership and history

Dana traces its founding to 1904, making it one of the older continuously operating names in the global automotive supply chain. The company is publicly listed on the New York Stock Exchange under the ticker DAN and is incorporated in Delaware, headquartered at 3939 Technology Drive in Maumee, Ohio.

In January 2026, Dana completed the sale of its Off-Highway business to Allison Transmission Holdings for $2.7 billion, a transaction the company described as a portfolio simplification to focus exclusively on on-highway customers. The sale reduced debt substantially and freed capital for shareholder return.

In June 2026, Dana announced a definitive agreement to combine with the Vehicle and eMobility business segments of Eaton Corporation in a Reverse Morris Trust transaction valued at approximately $5.1 billion for Eaton's Mobility Group, with the combined company carrying an enterprise value of over $10 billion. The transaction, which requires Dana shareholder approval and regulatory clearances, is expected to close in the first quarter of 2027. On a fully synergized, pro forma basis, the combined company is projected to generate approximately $11 billion in sales and approximately $1.7 billion in adjusted EBITDA, representing roughly a 15% margin. Eaton shareholders are expected to own at least 50.1% of the combined entity; Dana shareholders approximately 49.9%.

Known customers

Dana's 2025 Form 10-K, filed February 27, 2026, states that the company supplies "nearly every major on-highway vehicle manufacturer in the world." The filing does not break out individual customer revenue concentrations by name, which is common practice for large Tier-1 suppliers whose customer bases span the entire global OEM landscape. The company's products -- axles, driveshafts, electrodynamic modules -- appear across light vehicle and commercial vehicle platforms for manufacturers in North America, Europe, and Asia. The pending combination with Eaton's Mobility business is described in company materials as a move to "diversify the customer base and improve end-market mix," indicating no single customer represents a disqualifying concentration today.

ImportYeti customs records on the company/dana record show 29,828 US import shipments through September 2026, with inter-company flows from Dana Industrias (Mexico) and Dana Italia (Italy) among the most frequent counterparts -- consistent with a manufacturer that builds components across a global production network and consolidates them for North American original equipment manufacturer delivery.

Recent news

January 2026 -- Dana completed the divestiture of its Off-Highway business to Allison Transmission for $2.7 billion, closing a transaction announced in June 2025. The proceeds funded approximately $2 billion in debt reduction and supported $704 million in shareholder returns during 2025.

June 2026 -- Dana and Eaton announced a definitive agreement to combine Dana with Eaton's Vehicle and eMobility segments in a Reverse Morris Trust transaction. The combined company, expected to close in Q1 2027, is projected to carry approximately $11 billion in annual sales and $1.7 billion in adjusted EBITDA on a fully synergized basis, with $250 million in targeted run-rate synergies within 24 months. Byron Foster, Dana's incoming CEO, will lead the combined entity; R. Bruce McDonald will serve as Executive Chairman.

August 2026 -- Dana reported second-quarter 2026 results showing sales of $2.0 billion, up 4% versus the prior-year quarter, and adjusted EBITDA of $207 million, representing a 10.3% margin and $60 million higher than Q2 2025. The company raised its full-year guidance and restarted its share repurchase program.

Frequently asked questions

What does Dana Incorporated make?
Dana makes drivetrain and propulsion systems for light and commercial vehicles. Its products include axles, driveshafts, transmissions, thermal and sealing solutions, and electrodynamic components such as motors and inverters. The company supplies both internal combustion and electric vehicle platforms to manufacturers globally.

Who owns Dana Incorporated?
Dana is publicly listed on the New York Stock Exchange under the ticker DAN and is incorporated in Delaware. In June 2026, Dana announced a definitive agreement to combine with Eaton's Mobility business in a Reverse Morris Trust transaction expected to close in Q1 2027; upon completion, Eaton shareholders will own at least 50.1% of the combined company.

What is Dana Incorporated's revenue?
Dana reported FY2025 sales of $7.5 billion from continuing operations. The Berylls by AlixPartners automotive supplier study placed Dana's automotive-sector revenue at approximately €8.8 billion for FY2025, ranking it 36th among the world's largest automotive suppliers.

Where is Dana Incorporated headquartered?
Dana is headquartered at 3939 Technology Drive in Maumee, Ohio, USA. The company operated 66 major manufacturing plants across 24 countries as of early 2026.

Who are Dana's customers?
Per the company's 2025 annual filing, Dana supplies nearly every major on-highway vehicle manufacturer globally. Its products appear in light vehicle platforms -- passenger cars, pickup trucks, SUVs, and vans -- as well as commercial vehicle applications including linehaul, heavy-haul, and medium-duty trucks.

Last verified Sep 2026. Is this your company? Request a correction.