U.S. Auto Supplier Shuts Plant on Lower EV Demand [Yahoo! Finance]
Dana Incorporated (DAN)
Last dana incorporated earnings: 4/30 06:59 am
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phx.corporate-ir.net/phoenix.zhtml?c=66043&p=irol-irhome
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Source: Yahoo! Finance
In a statement cited by CBS, Dana Inc. said that the closure decision was the result of an “unexpected and immediate reduction in customer orders driven by lower demand for electric vehicles, which has rendered continued operations at the plant no longer viable.” Some 200 workers at the plant will be laid off. The Dana facility may be the first of many casualties of the change in federal policies towards electric vehicles. Fully supported by the previous administration, with billions in subsidies for both buyers and manufacturers, the sector fell out of grace this year with the change of the guard at the White House, with the Trump administration axing the buyer incentive for electric cars as of the end of September. The move prompted a rush to buy EVs in the third quarter, leading to a whopping 40.7% jump in EV sales on the second quarter, which saw a dip, by the way. The third-quarter sales number also represented a solid 29.6% annual increase. This was the last hurrah, it se
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DAN
News
- Dana Incorporated (DAN) Presents at UBS Global Industrials and Transportation Conference Transcript [Seeking Alpha]Seeking Alpha
- Dana (NYSE:DAN) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Dana (NYSE:DAN) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Dana Incorporated to Participate in UBS Global Industrials and Transportation ConferencePR Newswire
- Dana (NYSE:DAN) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
DAN
Earnings
- 10/29/25 - Miss
DAN
Sec Filings
- 12/4/25 - Form 8-K
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- DAN's page on the SEC website