Last updated on April 16, 2014 at 17:34 EDT

Dana Celebrates 65 Years in Brazil

July 12, 2012

MAUMEE, Ohio, July 12, 2012 /PRNewswire/ — Dana Holding Corporation (NYSE: DAN) announced that the company this month will commemorate 65 years of serving customers in Brazil. Starting from a small workshop in Rio Grande do Sul, Dana’s roots in the country have grown to eight major facilities in Diadema, Gravatai, and Sorocaba that employ 2,400.

In 2011, Dana strengthened its commitment to Brazil and the region overall through a strategic agreement that added truck and bus steer axles to its product offering. This transaction effectively positioned Dana as the leading full-line supplier of commercial-vehicle drivelines in South America.

“Our dedication to the region dates back to the launch of large-scale automotive production in Brazil,” said Roger Wood, Dana’s president and chief executive officer. “We took a bold step last year to further strengthen our capabilities to serve our diverse customer base here, and we look forward to supporting the region’s light-vehicle, commercial-vehicle, and off-highway industries as they further position Brazil as a global economic power.”

Sales from South America accounted for 16 percent of Dana’s overall revenues in 2011. (This breakdown by region includes 100 percent of sales of Dongfeng Dana Axle Co., Ltd., Dana’s joint venture in China, for the full fiscal year.) Operations in the region overall include two engineering centers; several manufacturing and assembly plants in Argentina, Brazil, Colombia, Uruguay, and Venezuela; and seven aftermarket distribution centers. Dana’s key customers in South America include Agrale, Daimler, Ford, MAN, Scania, Toyota, Volkswagen, and Volvo.

About Dana Holding Corporation
Dana is a world-leading supplier of driveline, sealing, and thermal-management technologies that improve the efficiency and performance of passenger, commercial, and off-highway vehicles with both conventional and alternative-energy powertrains. The company’s global network of engineering, manufacturing, and distribution facilities provides original-equipment and aftermarket customers with local product and service support. Based in Maumee, Ohio, Dana employs approximately 25,500 people in 26 countries and reported 2011 sales of $7.6 billion. For more information, please visit www.dana.com.

SOURCE Dana Holding Corporation

Source: PR Newswire