MAUMEE, Ohio, March 22, 2018 /PRNewswire/ -- Dana Incorporated
(NYSE: DAN) has announced new contracts to supply front and rear
axles for the next generation of iconic Jaguar and Land Rover
luxury vehicles. The estimated value for these programs total more
than £300 million.
Dana's latest Spicer® AdvanTEK® axles will
deliver greater power density in a compact package, achieving
improved fuel efficiency, enhanced performance, and maximum
durability. The axles are designed to ensure a luxurious ride with
best-in-class noise, vibration, and harshness performance.
James Kamsickas, Dana president
and CEO, said: "We are proud to be a trusted long-term partner with
Jaguar Land Rover. Throughout our 70-year relationship, we
have demonstrated a commitment to understanding their unique
requirements, allowing us to deliver superior performance for the
luxury-vehicle segment. These new contracts with Jaguar Land
Rover are a testament to Dana's commitment to engineering and our
ability to meet the demands of the market."
Dana's total investment for the Jaguar Land Rover programs is
expected to be approximately £21 million. The axles
are produced at Dana's Birmingham,
England, facility.
About Dana Incorporated
Dana is a world leader in highly engineered solutions for improving
the efficiency, performance, and sustainability of powered vehicles
and machinery. Dana supports the passenger vehicle,
commercial truck, and off-highway markets, as well as industrial
and stationary equipment applications. Founded in 1904, Dana
employs more than 30,000 people in 33 countries on six continents
who are committed to delivering long-term value to customers.
The company reported preliminary sales of more than $7.2 billion in 2017. Based in Maumee, Ohio, Dana is ranked among the
Drucker Institute's listing of the 250 most effectively managed
companies. For more information, please visit dana.com.
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SOURCE Dana Incorporated