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 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.
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.
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.
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.
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.
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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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.