Dana Holding Corporation Earns Automotive News, PricewaterhouseCoopers Award for Shareholder Value Among Global Parts Suppliers
MAUMEE, Ohio, Jan. 11, 2012 /PRNewswire/ — Dana Holding Corporation (NYSE: DAN) is among the winners of the 2011 Shareholder Value Awards jointly presented by PricewaterhouseCoopers LLP (PWC) and Automotive News. Dana earned top honors for three-year total shareholder return among global parts suppliers. Dana’s long-term shareholder return growth of 1,541.9 percent outperformed the 114.15 percent for the overall sector during the last three years, according to Automotive News and PWC.
“We are greatly honored to be recognized for achieving the best three-year shareholder return among global part suppliers,” said Dana President and Chief Executive Officer Roger Wood. “We have implemented operating efficiencies, dramatically increased quality metrics, and simultaneously decreased warranty expenses, all of which have significantly contributed to the value creation capability of the company.”
Presented today at the annual Automotive News World Congress Gala Dinner, Wood accepted the award on behalf of “all the front line team members who contributed to the company’s efforts over the past three years.”
“I am confident that our movement from survival a few years back to our current technology- driven profitable growth strategy will allow us to stay focused on delivering greater shareholder value in the coming years,” he said.
Presented annually, these awards recognize the highest total shareholder return for global vehicle manufacturers and parts suppliers and U.S. retail distributors over one- and three-year periods. The awards are based on a calculation of Total Shareholder Return as determined by PWC’s Shareholder Value Index, which measures the value of $100 invested in a stock and compares relative returns generated by different companies and industry segments. The index takes into account increases and decreases in a company’s share price, dividends, share buy backs, and new share issues.
About Dana Holding Corporation
Dana is a world leader in the supply of driveline products (axles, driveshafts, and transmissions), power technologies (sealing and thermal-management products), and genuine service parts for light- and heavy-duty vehicle manufacturers. The company’s customer base includes nearly every major vehicle manufacturer in the global automotive, commercial vehicle, and off-highway markets. Based in Maumee, Ohio, the company employs approximately 24,000 people in 26 countries and reported estimated 2011 sales of $7.6 billion. For more information, please visit: www.dana.com.
SOURCE Dana Holding Corporation