Dana/Dongfeng to produce axles in China

July 10, 2007
Dana Mauritius, a wholly owned subsidiary of Dana Corp., has purchased from Dongfeng Motor Co. Ltd. 4% of the registered capital of Dongfeng Axle Co., a Chinese commercial vehicle axle manufacturer that will now be known as Dongfeng Dana Axle Co., Ltd.

Dana Mauritius, a wholly owned subsidiary of Dana Corp., has purchased from Dongfeng Motor Co. Ltd. 4% of the registered capital of Dongfeng Axle Co., a Chinese commercial vehicle axle manufacturer that will now be known as Dongfeng Dana Axle Co., Ltd.

Under the agreement, Dana Mauritius—which paid approximately $5 million for this equity interest-- has agreed to purchase an additional 46% equity interest in Dongfeng within the next three years for approximately $55 million.

With headquarters in Xiangfan, China, the joint venture company will employ around 8,000 people in three production facilities in Xiangfan and Shiyan, as well as at a R&D center that will be established. Dana said the technical center will support Dongfeng Dana Axle’s commitment to providing customers with world-class manufacturing processes and axle components and systems.

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!