The Dana Holding Corporation
() is a supplier of axles, driveshafts, off-highway transmissions, sealing and thermal-management products, and service parts.
The company's customer base includes virtually every major vehicle manufacturer in the global automotive, commercial vehicle, and off-highway markets. Based in Maumee, Ohio, the company employs approximately 21,500 people in 26 countries and reported 2010 sales of US$6.1 billion. The company is listed on the Fortune 500
Originally incorporated in New Jersey
in 1904 as the 'Spicer Universal Joint Manufacturing Company', named after Clarence W. Spicer
, engineer, inventor, and founder of the company; it was renamed the 'Spicer Manufacturing Company' in 1909. It relocated to Toledo, Ohio
in 1928 and was renamed the Dana Corporation after Charles Dana
, who joined the company in 1914 and became president and treasurer in 1916. In 2007, Dana cancelled 150 million shares of stock during bankruptcy.Pakulski, Gary T. , toledoBlade.com
, September 05, 2007. Retrieved on October 02, 2010.
Key products include axles
, drive shafts
, and sealing and thermal-management products.