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Dana Inc Shares Up 48.2% Since SmarTrend's Buy Recommendation (DAN)
SmarTrend identified an Uptrend for Dana Inc (NYSE:DAN) on October 6th, 2020 at $14.24. In approximately 3 months, Dana Inc has returned 48.17% as of today's recent price of $21.10.
Comtex SmarTrend(R) · 11h ago
Are You Looking for a Top Momentum Pick? Why Dana (DAN) is a Great Choice
Does Dana (DAN) have what it takes to be a top stock pick for momentum investors? Let's find out.
Zacks · 2d ago
New Strong Buy Stocks for January 12th
New Strong Buy Stocks for January 12th
Zacks · 3d ago
Dana 60™ AdvanTEK® Axle Featured on 2021 Ram® 1500 TRX™ Pickup Truck
, /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it will be supplying its Dana 60™ AdvanTEK solid rear axle with Spicer PerformaTraK electronic locking differential to the 2021 Ram 1500 TRX™ pickup truck. 
PR Newswire - PRF · 3d ago
Intelligent All-Wheel Drive System Market Size 2020 by Cost Analysis, Revenue, Gross Margin Analysis, Types, Application and Forecast to 2024
The Express Wire · 3d ago
Worlds Top Maker of Tiny Motors is Setting Its Sights on Tesla
(Bloomberg) -- Nidec Corp., the world’s top supplier of motors for everything from hard drives to power plants, is betting it can make a key component for Tesla Inc.’s electric vehicles cheaper and better than anyone else, possibly including its chief executive officer, Elon Musk.“I very much want to have a top-level discussion with Elon Musk,” Jun Seki, Nidec’s president and chief operating officer, said in an interview. Without an outside partner, Tesla won’t be able to achieve Musk’s goal of producing 20 million EVs a year by 2030, he said.It’s an audacious overture to a company that flirted with being the world’s most valuable last week, making Musk the richest man, but Nidec isn’t just any ordinary parts supplier. The manufacturer is a quiet behemoth in the global electric-motor industry. Although the vast majority of people who use the company’s products don’t know its name, Nidec’s motors are used in about 85% of the world’s hard drives and it controls almost half of the global market for brushless motors found in everything from air conditioners to factory robots. Nidec is Japan’s ninth-largest enterprise, with a market value of $80.3 billion.That’s made CEO Shigenobu Nagamori Japan’s fourth-wealthiest individual with a net worth of $10.2 billion, according to the Bloomberg Billionaires Index. He poached Seki from Nissan Motor Co., where he had come up through engineering to becoming vice-COO, a year ago to embark on a bet-the-company pivot. The goal? Turning the manufacturer Nagamori founded in a shed in Kyoto 47 years ago into the world’s top supplier of motors for electric vehicles. Nagamori, 76, is backing the effort with a pledge to invest close to $10 billion over the next five years to grab a market share of 40% to 45%.With Japan, California and other major automobile markets mandating that all new car sales be electric over the next two decades, the global EV traction motor market is on track to reach about $29 billion by 2026, according to consultancy firm Shibuya Data Count. Up until now, much of the industry’s focus has been on building out the capacity to produce enough batteries, while improving technology to make them more efficient and expand the range of EVs.After batteries, traction motors are the most expensive component of an EV, meaning the segment is ripe for claiming if a company is able to mass-produce a disruptively cheap product. Combining the motor, gears and electronic components, traction motors are also used in electric trains; they must be able to withstand mechanical stress and cool efficiently because of the high power levels involved.“As we move forward with mass-production, costs will come down and it’ll be easier to win out against rivals,” said Seki, 59, who traveled abroad several times during the 2020 pandemic to secure deals with automakers, seeking to edge out Bosch Corp., ZF Friedrichshafen AG, Dana Inc. and other competitors.Tesla, based in Palo Alto, California, is just one of the many carmakers in Nidec’s sights. The Japanese manufacturer has already reached agreements to provide EV motors to 22 automakers, including China’s Guangzhou Automobile Group Co. and France’s Peugeot SA, according to Seki.Whether it’s a traditional auto manufacturer, or an electric-truck startup or Apple Inc., which is said to be planning a self-driving electric car, “any new company entering into the realm of electric vehicles is a chance for us,” Seki said. Through its joint venture with Peugeot, Nidec also has a “big opportunity” with Fiat Chrysler Automobiles NV, as the automaker is set to merge with Peugeot, he added.Nidec’s pitch to automakers is its “E-Axle” system, which combines motors, gears and inverters into a single package. As EV makers seek smaller and more efficient powertrains, that will give an edge to manufacturers that are able to design high-precision durable gears and cool them effectively, all while keeping costs down.To secure the technologies and resources needed, Nidec is ready to spend as much as 1 trillion yen ($9.7 billion) on mergers and acquisitions, Seki said. He singled out gear and inverter manufacturing as two industries ripe for growth.If Nidec’s vision plays out, it will be able to offer Tesla and other EV makers a traction motor that’s less than $1,000 in under five years, down from the standard today which can run up to $2,000 or more. While batteries make up about a third of a typical EV’s cost, a basic motor makes up about 10%.Why Building an Electric Car Is So Expensive, For Now: QuickTakeNidec sees Europe and China as relatively quick adopters of EVs. As such, it has invested heavily in the latter over the past three years and is planning to inject some 200 billion yen into its European operations. The company is looking at Serbia as the top candidate for a new EV motor factory it’s looking to build in the region.For now, Seki is laying the groundwork to be able to meet a spike in demand that’s anticipated in the decade after 2025. Thanks to greater investment, battery costs are coming down, making EVs more affordable. At the same time, a number of governments including Japan and the U.K. have said they will ban the sale of new gasoline vehicles.By 2035, annual EV sales are projected to exceed 48 million units, up from roughly 2 million this year, according to Bloomberg Intelligence. To clinch a share of that, Seki is counting on adding Tesla as a customer. Although Nidec’s U.S. representatives have approached the EV maker, whose market capitalization now exceeds that of Toyota Motor Corp. and Japan’s six other major car manufacturers combined, no deals between the two have been announced.Despite its outsized valuation, Tesla made about 500,000 vehicles last year, or less than a 10th of what Toyota will produce. Tesla is believed to mainly design and manufacture its own traction motors for the Model S, X, Y and 3. With new factories being built in Texas and Germany to add to plants in California and China, Musk struck an optimistic tone in September that Tesla will hit his lofty goal.Seki said there are also a number of storied automakers that won’t consider diverging from in-house production of the important electrification technology. Nissan, for one, will equip future EV models with its own dual electric motor “E-4orce” system. General Motors Co. is also designing proprietary e-axle systems.While Nidec is a relative newcomer to the EV motor sector with much left to prove, the manufacturer is betting that its plunge into the technology can be modeled after its success in hard-drive motors, where it invested early and built production capacity to drive down costs.The company is regarded as a bellwether of manufacturing trends, picking up early on shifts such as the growth of factory automation. Today, Nidec produces more than 3 billion motors a year, and is betting that the automotive business will make up a growing portion of the 10 trillion yen in annual net sales that Nagamori aims to reach by fiscal 2030.The next move Nidec is considering after traction motors is to offer nearly complete EV platforms. There will be demand for such packages from new entrants in the sector that would prefer to focus on a vehicle’s interior and styling, Seki said.With the wave of electrification hitting the automotive industry “this kind of creative destruction is already happening,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Bloomberg · 3d ago
Hyliion Hauls In $142 Million From Sale Of Stock Warrants
Startup hybrid electric truck driveline maker Hyliion Holdings (NYSE: HYLN) is $142 million better off following the sale of shares converted from warrants issued by the blank check company (SPAC) that brought Hyliion public.
Benzinga · 4d ago
DJ Dana Cut to Neutral From Buy by B of A Securities
Dow Jones · 4d ago
Automotive Gasket Market Size 2021 by Top Manufacturers, Type, and Application, Trends, Opportunities and Forecast to 2025
Jan 11, 2021 (The Expresswire) -- Final Report will add the analysis of the impact of COVID-19 on this industry. “Automotive Gasket Market” report provides a...
The Express Wire · 4d ago
Dana Inc Shares Up 53.8% Since SmarTrend's Buy Recommendation (DAN)
SmarTrend identified an Uptrend for Dana Inc (NYSE:DAN) on October 6th, 2020 at $14.24. In approximately 3 months, Dana Inc has returned 53.79% as of today's recent price of $21.90.
Comtex SmarTrend(R) · 01/07 17:48
Is Dana (DAN) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Zacks · 01/07 16:50
6 Stocks Trading Near 52-Week Highs That Can Appreciate Further
Investors target stocks that have been on a bullish run, lately. Stocks seeing price strength have higher chances of carrying the momentum ahead.
Zacks · 01/07 13:21
6 Stocks Trading Near 52-Week Highs That Can Appreciate Further
Zacks.com · 01/07 11:15
Is Dana (DAN) Stock Undervalued Right Now?
Zacks.com · 01/07 08:56
Auto supplier stocks rally on 2021 recovery expectations
The auto supplier sector is revving higher after U.S. light vehicle sales for December topped expectations (16.4M vs. 16.0M consensus and 16.9M a year ago). Morgan Stanley analyst Adam Jonas
Seekingalpha · 01/06 16:31
Dana tapped by CFRA for strong year on truck resurgence
CFRA hikes its price target on Dana (DAN) after the auto supplier DAN screened as one of the most attractive earnings and free cash flow growth stories in the U.S.
Seekingalpha · 01/06 11:51
Magna (MGA) Strengthens Alliance With Fisker to Develop ADAS
Zacks.com · 01/06 11:15
Dana Builds Electrification Vertical For Commercial Vehicles
Dana Inc. (NYSE: DAN) spotted the trend toward commercial vehicle electrification four years ago when China offered incentives for smog-beating battery-powered buses. Since then, the Tier 1 automotive supplier has purchased and partnered its way to create all-in zero-emission electric powertrain systems.
Benzinga · 01/04 18:38
Dana Builds Electrification Vertical For Commercial Vehicles
Dana Inc. (NYSE: DAN) spotted the trend toward commercial vehicle electrification four years ago when China offered incentives for smog-beating battery-powered buses. Since then, the Tier 1 automotive supplier has purchased and partnered its way to create all-in zero-emission electric powertrain systems.The 117-year-old company was founded by Charles Spicer and later joined by Charles Dana. The company invented the first encased universal joint that eliminated sprockets and chains in automotive engines.Dana today makes axles, driveshafts, transmissions and electrodynamic, thermal, sealing and digital equipment for Class 8 trucks, earth-moving machines and high-performance sports cars. Dana is a fixture on the Fortune 500, appearing on the list every year since it began in 1956. The company is evolving with the transportation industry, embracing commercial vehicle electrification. It is no fad, Ryan Laskey, Dana senior vice president of commercial vehicle drive and motion systems, told FreightWaves. Ryan Laskey, senior vice president, Dana Inc. Commercial Vehicle Drive and Motions Systems. (Photo: Dana Inc.)"Since 2018, we've invested $300 million in strategic acquisitions and partnerships. It basically put us in a leadership position within this space," Laskey said. "And we've come to the realization that this isn't going to be a flash in the pan."Dana is not alone. Borg-Warner (NYSE: BWA) is building out its electrification portfolio, acquiring Delphi Technologies for $3.3 billion in October and investing in battery-pack startup Romeo Power Inc. (NYSE: RMO), a freshly minted public startup. Meritor Inc. (NYSE: MTOR) completed the acquisition of longtime electrification partner TransPower Inc. a year ago.  Local regulations changing Clean transportation regulations like the California Advanced Clean Truck Rule that will require 9% of trucks sold in the state to have no emissions by 2024 get a lot of attention. They motivate truck makers to comply if they want to operate dirtier diesel-powered older models there.But Dana saw local regulations coming before last year's clean truck rule and California's 2035 ban on fossil-fuel powered passenger cars. Four of 10 powertrains (42%) Dana makes are for passenger vehicles. Two in 10 (19%) are for commercial vehicles."What you're seeing is the adoption of green technology and cleaner air being driven by local municipalities," Laskey said. "When we started to see that, we realized there's a lot of goods and services that need to get into zero-emission zones."In China, where Dana has 23 operations and 6,750 employees, it saw the bus market seeking green solutions as cities sought to reduce smog."We started to really put our chips in electrification when China started to put the subsidies in place for transit buses," Laskey said. "We started to think that trend would really start to flow out to the rest of the industry."It's already cheaper to operate buses in battery electric than in diesel," he said. "And then you start to get into the medium-duty [truck] space, and you're really close. You're probably within a year of crossing over that threshold on cost per kilowatt hour. Then you get into the day cabs that are more regional haul."Building core competence Dana has made eight acquisitions in the electrification space since 2017. It integrates motors, inverters, controls and software as well as thermal management for batteries and power electronics. Its most recent purchase, of Germany-based electric vehicle software, controls and system integrator Rational Motion, follows the acquisition of Nordresa Motors Inc., which brought battery-management system, electric powertrain controls and integration expertise to Dana."We started to enter into what we saw as an unfilled gap," Laskey said. "A lot of the companies in the industry didn't have a solution to bring the full package together."For example, Dana is providing its e-Power propulsion system, including electric motor and drive system, battery modules and battery management, thermal management and onboard charger and auxiliary systems for the Class 6 Kenworth K270E and Class 7 K370E cabovers and the Peterbilt 220EV medium-duty truck. The PACCAR Inc. (NASDAQ: PCAR) projects are worth $200 million in incremental sales to Dana."We're in discussions with all major [manufacturers] in regards to electrified solutions," Laskey said, declining to name potential customers.In September, Dana said it would build a 50,000-square-foot plant in Pune, India, to make electric motors, inverters and vehicle control units with its TM4 joint venture partner. In 2018, Dana acquired a 55% interest in TM4, a subsidiary of Hydro-Quebec, Canada's largest electricity producer.More than 16,000 electric vehicles with more than 600 million accumulated miles contain some Dana components.A toe in fuel cells Hydrogen-powered fuel cells are not something Dana is pursuing as part of its electrification strategy. Yet for more than 20 years, its Power Technologies unit has developed bipolar plates used in fuel cell stacks. "We typically do them in a Tier 2 approach where we don't finalize the who stack for the hydrogen systems," Laskey said.But Dana is integrating fuel cell systems two Class 8 fuel cell electric Freightliner Cascadias under a $15 million project for the Alberta Zero Emissions Truck Electrification Collaboration (AZETEC) in Canada.AZETEC envisions the trucks traveling the 186 miles between Edmonton and Calgary. They are powered by a Ballard Power Systems fuel cell engine integrated with a lithium-ion battery pack into a Nordresa hybrid electric drive.The Hyliion investment Dana also took an early interest in hybrid Class 8 powertrain startup Hyliion Holdings (NYSE: HYLN), providing its Dana Spicer electronic axle for Hyliion's first product, which adds electric boost to diesel and natural gas-powered trucks. Dana could have offered the e-axle on its own but chose instead to invest $15 million in Hyliion, good for about a 2% stake in the company that went public via reverse merger in October."We went through a lot of analysis with them and the software value they bring to the table. Our investment thesis was not in their manufacturing capabilities," Laskey said. "We viewed a partnership model versus an acquisition worked well." Dana was an early investor in Hyliion Holdings. (Photo: Hyliion)Hyliion's ERX Hypertruck that goes into production late this year will use Dana systems with a natural gas generator to make electricity on board."That small engine is doing nothing but powering a generator to keep the batteries powered," Laskey said. "So, you can turn it off as you enter into zero emissions zones and run as a zero-emission vehicle without having to deal with the infrastructure that's required to keep a battery electric vehicle [charged] or potentially fueling a hydrogen fuel cell."Related articles: Kenworth collaborates with Dana on medium-duty electric truckDana acquires Canadian electric truck firm NordresaDana, Lonestar Specialty Vehicles launch all-electric terminal tractorClick for more FreightWaves articles by Alan Adler.See more from Benzinga * Click here for options trades from Benzinga * Kuehne + Nagel Closes Sale Of UK Assets To XPO * Forward Air Postmortem: CEO Says An Experienced Team Can Help An Organization Get Through A Cyberattack(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga · 01/04 18:38
Dana Inc Shares Up 36.2% Since SmarTrend's Buy Recommendation (DAN)
SmarTrend identified an Uptrend for Dana Inc (NYSE:DAN) on October 6th, 2020 at $14.24. In approximately 3 months, Dana Inc has returned 36.24% as of today's recent price of $19.40.
Comtex SmarTrend(R) · 12/31/2020 05:34
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About DAN
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies. It has operations in North America, South America, Europe and Asia pacific. Its Light Vehicle segment offers products, such as front axles, rear axles, driveshafts/propshafts, differentials, torque couplings and modular assemblies. Its Commercial Vehicle segment offers products, such as steer axles, drive axles, drive shafts and tire inflation systems. Its Off-Highway segment offers products, such as front axles, rear axles, drive shafts, transmissions, torque converters, tire inflation systems and electronic controls. Its Power Technologies segment offers products, including gaskets and cover modules.
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