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AEI Newsmakers: Dec. 2022

December 15, 2022 | Posted in Ag Equipment Business

German Tractor Registrations Down in November, UK Registrations Up
CEAT Increases Radial Tire Production
Canadian Bill Addresses Majors Locking Shortlines Out of Their Equipment
Dana Inc. Secures Long-Term Semiconductor Agreement
Analysts Call EPA’s Latest Biofuel Mixing Mandates ‘Disappointingly Low’
CEMA Business Climate Index Up in December

Dana Inc. Secures Long-Term Semiconductor Agreement

December 7, 2022 | Posted in Ag Equipment Business

Dana Incorporated today announced that it has signed a long-term agreement with Semikron Danfoss, a manufacturer of power modules, to secure the supply of silicon-carbide semiconductors, which are designed to be scalable in multiple-chip formats.

Dana Inc. Reports First Quarter Net Sales Up 17.5%

May 3, 2021 | Posted in Earnings Reports

Drivetrain manufacturer Dana Inc. announced higher sales of $2.3 billion in the first quarter as a result of continued strength in the light-truck market, as well as growth in both the commercial-vehicle and off-highway markets.

Drivetrain Manufacturer Dana Inc. Reports 18% Drop in 2020 Sales

February 18, 2021 | Posted in Earnings Reports, Electric Machinery

Sales for 2020 were $7.1 billion, compared with $8.6 billion in 2019. The decrease is primarily attributable to weaker demand across all mobility markets due to customers idling operations through the middle of the year in response to the global COVID-19 pandemic.

Big Acquisition Helped Dana Lift Off-Highway 2019 Revenues

March 25, 2020 | Posted in Earnings Reports

A $630 million revenue bonus from last year’s acquisition of the Oerlikon group’s drive systems operation helped Dana Inc., increase turnover with off-highway and commercial vehicle OEMs in 2019, despite markets for heavy equipment turning soft during the latter part of the 12 month period.

After Losing Out on GKN Deal, Dana to Acquire Oerlikon Group’s Drive Systems Business

September 25, 2018 | Posted in Ag Equipment Worldwide

Dana Inc. is moving on from the disappointment of seeing its proposed acquisition of GKN’s Drivelines division fall through by purchasing the similar business of the Oerlikon Group instead.

GKN-Dana Tie Up Would Create World’s Largest Axle & Driveline Components Supplier

March 1, 2018 | Posted in Electric Machinery, Mergers & Acquisitions

The off-highway powertrain activities of the U.K.’s GKN engineering group, together with its GKN Driveline automotive business unit, are to be combined with Dana Inc. in a new entity.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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