Price action over last quarter: Up 57.31%
Company Description
Dana Inc is a supplier of driveline (axles, driveshafts, and transmissions), sealing, and thermal-management technologies for vehicles with both conventional and alternative-energy powertrains. The company produces for original-equipment manufacturers and the aftermarket for Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Drive and Motion Technologies (Off-Highway) and Power Technologies. Dana operates in generates the majority of its revenue from its light vehicle segment, selling primarily to Ford, Hyundai, Tata, Nissan, GM, and Toyota. The company s largest end market is North America.
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The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling.
Takeaways From 13F Season: Investors who follow particular fund managers can easily look up what each was buying and selling in the quarter, but other investors may be more interested in overall themes from 13F filings. The fourth quarter of 2020 was a big quarter for the S&P 500, and investors were likely interested in what top managers were buying and selling heading into 2021.
Google parent Alphabet has the attention of fund managers in Q4, with Tepper and Klarman selling and Soros buying.
Dana hires new senior vice president of global operations
Rubber & Plastics News Staff
Chris Clark
MAUMEE, Ohio Chris Clark has been hired as the new senior vice president of global operations for Dana Inc., a northwestern Ohio-based drivetrain and e-propulsion company.
The appointment takes effect immediately, Dana said in a release. Chris Clark brings strong international experience in managing complex manufacturing operations for Tier I mobility suppliers, said James Kamsickas, chairman and CEO of Dana. He will play an important role in furthering our commitment to safety and quality, as we continue to leverage our capabilities across the organization to deliver on our commitments to customers and shareholders.
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Meritor Inc. (NYSE: MTOR) will begin producing a fully integrated all-electric powertrain for heavy-duty trucks, freeing up space for additional batteries while cutting up to 800 pounds from the weight of a conventional chassis. We re not just bolting that onto our axle. We re integrating it, and that saves space and it saves weight, said John Bennett, Meritor vice president and chief technology officer. To do that effectively and reliably is no small task.
Bennett claims the Blue Horizon 14Xe offers the most advanced electric powertrain for medium and heavy commercial vehicles that the industry has ever seen.
Competitors including
BorgWarner Inc. (NYSE: BWA) and
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General Motors (NYSE: GM) commitment to zero-emission vehicles by 2035 will influence heavy-duty truck manufacturers and suppliers to follow along.
Just two days after taking a role in a four-way collaboration to make nonpolluting hydrogen-powered fuel cell International trucks for
Navistar International Corp. (NYSE: NAV), GM said it is targeting 2040 to eliminate carbon dioxide pollution from its plants, supply chains and logistics globally. GM s declaration does have an impact on fleet owners, said Mike Ramsey, a Gartner Inc. vice president and automotive and smart mobility analyst. Businesses that own and operate fleets may already have been considering [electric vehicles]. But now they have to make a plan for when they will switch.