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Dana Incorporated (NYSE:DAN) shares traded higher on Friday after the company disclosed FY24 preliminary results, FY25 outlook and provided a business update. FY24 Preliminary Results: The company ...
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In 2006, Dana filed for bankruptcy. [7] In 2007, Dana canceled 150 million shares of stock during their bankruptcy. [8] In 2018, Dana announced that it was buying a majority stake in TM4 Inc., [9] a company specialized in electric powertrains, for C$165 million (US$127 million). In 2019, Dana acquired privately held SME Group (Italy). [10]
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Dana TM4, previously known as TM4 Inc., is a joint-venture between Dana Corporation and government-owned public utility Hydro-Québec. Established in 1998, it is active in the development of electric vehicle motors and related power systems. [ 1 ]
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