This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Dana Celebrates 30 Years In Japan

MAUMEE, Ohio, March 4, 2014 /PRNewswire/ -- Dana Holding Corporation (NYSE: DAN) today marked the 30th anniversary of its representative office in Japan.  This office was established as an important step in the company's efforts to build relationships with Japanese OEMs, especially those that had begun assembling vehicles in North America. 

While Dana's presence in Japan dates back to 1972 with the launch of Najico Spicer, an axle manufacturing joint venture, Dana Japan Ltd. was officially established in 1984, with the opening of a sales office in Tokyo.  Milestones followed in 2001 with the opening of the Dana Japan Engineering Center in Toyohashi City, and the 2004 formation of the Nippon Reinz joint venture in Yamato City for the manufacture of sealing products.  Today, Dana has six facilities in Japan, employing more than 250 people, including the joint ventures.

"Because Japanese car makers account for a quarter of the vehicles produced globally today, Japan continues to be a key market for Dana," said Robert Pyle, president, Dana Light Vehicle Driveline Technologies and past president of Dana Asia-Pacific. "We are grateful for the support we've received over the past 30 years from our customers and partners here, and look forward to continued prosperous relationships as we remain committed to on-going growth globally with the Japanese OEMs."

Today, Dana serves nearly every major global and domestic OEM in Japan, including Daihatsu Motor Co. Ltd, Fuji Heavy Industries, Hino Motors, Ltd., Hitachi Automotive Systems, Honda Motor Co., Iseki and Co., Ltd., Isuzu Motors Ltd., Komatsu Ltd., Mazda Motor Corp., Mitsubishi Fuso Truck and Bus Corp., Mitsubishi Motors Corp., Nissan Motor Co., Nissan Motor Light Truck Co., Suzuki Motor Corp., and Toyota Motor Corp.

For more information, visit the updated Dana Japan website at www.dana.co.jp.

Regional CommitmentDana and its affiliates have been operating in the Asia-Pacific region for more than 50 years. The company's footprint in the region currently includes 20 major facilities and four technology centers. These facilities support customers in the light-vehicle, commercial-vehicle, and off-highway markets. Growth in emerging markets is a primary focus for Dana, with 2013 sales in Asia-Pacific accounting for more than 20 percent of the company's overall revenues, including joint venture operations.

Recent milestones for the company in the region include:

  • inaugurating the Dana India Technical Center in Pune, India, in February 2014;
  • opening a new driveshaft manufacturing facility in Lucknow, India, in December 2013;
  • breaking ground on a new gear facility in Rayong, Thailand, in September 2013; and
  • opening the Dana China Technical Center in Wuxi, China, in March 2013

About Dana Holding CorporationDana is a global leader in the supply of highly engineered driveline, sealing, and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains.  Serving three primary markets – passenger vehicle, commercial truck, and off-highway equipment – Dana provides the world's original-equipment manufacturers and the aftermarket with local product and service support through a network of nearly 100 engineering, manufacturing, and distribution facilities.  Founded in 1904 and based in Maumee, Ohio, the company employs 23,000 people in 26 countries on six continents.  In 2013, Dana generated sales of $6.8 billion.  For more information, please visit dana.com.

SOURCE Dana Holding Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs