Dana prepares to sell Off-Highway business amid leadership changes
Dana Incorporated has announced it is preparing to sell its Off-Highway business division as part of a broader strategic transformation of the company. The automotive parts manufacturer has engaged Goldman Sachs and Morgan Stanley to handle the sale process. The Off-Highway division, which produces drive and motion systems for heavy-duty vehicles used in agriculture, construction, mining, and forestry, represents a significant portion of Dana’s business. The company says the sale will allow it to focus on its light and commercial vehicle operations while strengthening its balance sheet through debt reduction. Continue reading Dana prepares to sell Off-Highway business amid leadership changes at Industrial Vehicle Technology International.
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Dana Incorporated has announced it is preparing to sell its Off-Highway business division as part of a broader strategic transformation of the company. The automotive parts manufacturer has engaged Goldman Sachs and Morgan Stanley to handle the sale process.
The Off-Highway division, which produces drive and motion systems for heavy-duty vehicles used in agriculture, construction, mining, and forestry, represents a significant portion of Dana’s business. The company says the sale will allow it to focus on its light and commercial vehicle operations while strengthening its balance sheet through debt reduction.
