Skip to content

Dana Becomes the Leading Full Driveline Supplier in South American CMV Market

Dana Holding Corporation has taken action to become a full-service provider of driveline systems in the growing South American commercial vehicle business.

The company completed a strategic transaction with SIFCO S.A., a leading producer of steer axles and forged components in South America. The agreement enables Dana to add truck and bus steer axles to its product offering in South America and effectively positions the company as the leading full-line supplier of commercial vehicle drivelines – including front and rear axles, drive shafts, and suspension components.

The transaction is consistent with Dana’s emerging market strategy and addresses strong customer demand for a complete driveline product offering in the region. Together with the recent investment announcement in China for its DDAC joint venture, this next step in its strategy implementation further reinforces Dana’s total commitment to support customers in the global truck market.

“This agreement builds on Dana’s deep manufacturing and engineering expertise in this product segment and immediately positions Dana as the leading provider of full system driveline solutions to our customers, allowing us to develop total vehicle optimized solutions in South America,” said Mark Wallace, president of the Dana Heavy Vehicle Products Group. “We’re pleased to support a wide range of multi-national and regional commercial vehicle manufacturers in this region with what we believe are world-class products and capabilities.”

Under the agreement, Dana acquired the distribution rights of commercial vehicle steer axle systems and is now responsible for all customer relationships, including marketing, sales, engineering, and assembly. Key customers in the Brazilian commercial vehicle market include Agrale, Ford, Iveco, MAN, Mercedes Benz, Scania and Volvo.

Dana obtained an exclusive, long-term supply agreement with SIFCO to ensure supply of key components in the systems – specifically I-beams, steer arms, and knuckles. In addition, SIFCO will provide selected assets and assistance to Dana to establish, in the near term, assembly capabilities for these systems.

Dana’s investment of $150 million to acquire the rights to the business is expected to generate $350 million in annual revenue, taking Dana’s total annual revenue in South America to more than $1 billion and positioning the company for further growth in the region. Total units sales of commercial vehicles in Brazil totaled 248,000 in 2010. The financial impact of the transaction will be recorded in the first quarter of 2011.

Harro Burmann, president of Dana’s South American operations, added: “Dana’s long track record of experience in this product segment, combined with the strength of SIFCO, will enable us to continue creating benefits for our customers. Our supply agreement with SIFCO – with its longstanding experience in forged components – further supports our strong belief that we can deliver driveline solutions of greater value to this market.”

Printer Friendly Version
Email This Story
RSS
Bookmark and Share

Supplier News: Related News

2/11/2011 – Dana Becomes the Leading Full Driveline Supplier in South American CMV Market

Dana Holding Corporation has taken action to become a full-service provider of driveline systems in the growing South American commercial vehicle business….
More

2/11/2011 – Goodyear to Close Union City Tenn. Tire Plant


Goodyear Tire Rubber Co.’s plans to close its Union City, Tenn., tire manufacturing facility by the end of 2011….
More

2/9/2011 – Tenstreet Offers Free Motor Carrier Fax Number Directory


Tenstreet LLC has just launched an online directory of motor carrier fax numbers to make it easier for companies to contact previous employers….
More

2/7/2011 – McLeod Software Experiences Record Growth

McLeod Software, Birmingham, Ala., has completed its fiscal year with a new record for sales growth. The company’s 2010 fiscal year shows a 56 percent sales increase over 2009….
More

2/3/2011 – Timken to Invest $35 Million in Ohio Plant

The Timken Company plans to invest approximately $35 million to install a high-volume, in-line forge press at its Faircrest rolling mill facility in Canton, Ohio….
More

2/3/2011 – New Headquarters for Carlisle Brake Friction

In conjunction with the Carlisle Companies’ launch of a new segment named Carlisle Brake Friction, effective Jan. 1, 2011, the new global headquarters for Carlisle Brake Friction will be located in Solon, Ohio, former headquarters to the Hawk Corporation’s Wellman Products Group….
More

2/3/2011 – Paccar Announces Improved Fourth Quarter Revenues and Net Profit

Paccar reported improved fourth quarter 2010 revenues and net income compared to the same period in 2009, achieving 72 consecutive years of net profit….
More

2/2/2011 – ArvinMeritor Reports Financial Results, Sees Strengthening in Global Truck Markets

ArvinMeritor, which announced it will change its name back to Meritor, reported financial results for its first fiscal quarter ended Dec. 31, 2010, with sales and EBITDA up, but negative cash flow and a greater net loss….
More

2/2/2011 – Cummins Reports Best Year in Company History

Cummins Inc. reported record profits for all of 2010, as well as record quarterly sales and profits for the fourth quarter, on the strength of significant growth in key international markets and improved productivity in its global manufacturing operations….
More

2/2/2011 – Bridgestone Bandag Announces Price Increase

Bridgestone Bandag Tire Solutions announced a 12 percent price increase on its Bridgestone and Firestone brand truck and bus radial tires, effective immediately….
More

1/31/2011 – Commercial Vehicle Group Announces Acquisition of Bostrom Seating

Commercial Vehicle Group has acquired substantially all of the assets of Bostrom Seating…
More

1/27/2011 – Volvo Rolls Out 50,000th VEST-equipped Truck

Volvo Trucks North America celebrated the success of Volvo Enhanced Stability Technology with the delivery of the 50,000th VEST-equipped truck to Shamrock Foods of Phoenix….
More

1/27/2011 – Bendix Opens Third Manufacturing Facility in Acuna, Mexico

Bendix Commercial Vehicle Systems celebrated today the grand opening of its new actuator manufacturing facility based in Acuna, Mexico….
More

1/26/2011 – Yokohama Plans for Strong Commercial Tire Market in 2011

The commercial truck tire market rebounded strongly in 2010, and Yokohama is planning several new announcements this year….
More

1/26/2011 – Cummins Selling Exhaust Business to Global Tube

Cummins has entered into an agreement to sell its exhaust business to Global Tube so Cummins Emission Solutions can put a greater emphasis on products that are critical to its growth strategy, such as diesel particulate filters and selective catalytic reduction systems….
More

1/26/2011 – Xtra Lease Targets Fuel Efficiency with Newest Trailers

Xtra Lease has ordered 6,000 new fuel-efficient trailers equipped with aerodynamic side skirts and low rolling resistance tires, providing fleets access to new equipment and opportunities to lower their fuel costs….
More

1/20/2011 – Nissan Officially Enters Commercial Vehicle Market in North America

Nissan North America officially launched production of its all-new 2012 Nissan NV commercial van with Job One ceremonies at its expanded Canton, Miss., assembly facility….
More

1/20/2011 – ArvinMeritor Announces Meritor Aftermarket Services Business

ArvinMeritor announced it will offer multiple logistics services to customers through a new business segment called Meritor Aftermarket Services….
More

1/18/2011 – Greatwide Logistics Acquires Overton Transportation


Greatwide Logistics Services has acquired the contracts, personnel and equipment of Overton Transportation, a subsidiary of Sysco Corporation. The business will be integrated under the Greatwide Freight brand….
More

1/18/2011 – ALK Technologies Teams with SMC3 for Seamless Rate Quotes

Freight transportation software developer SMC3 and routing, mileage and mapping software developer ALK Technologies today announced the creation of a seamless interface between ALK’s PC*MILER Web Services and the SMC3 RateWare XL rating product. …
More

1/17/2011 – Caterpillar Holds Sweepstakes for Trip to See New Vocational Truck at CONEXPO


Caterpillar will unveil the first model in its line of Cat Vocational Trucks, the Cat CT660, in Las Vegas at CONEXPO-CON/AG in March. As part of the celebration, Caterpillar is holding an online sweepstakes featuring a trip to Vegas….
More

1/17/2011 – Auto Truck Group Merges Fleet Body Equipment into Existing Operations


Auto Truck Group has successfully re-organized operations integrating its newest upfitting company, Fleet Body Equipment….
More

1/14/2011 – Stemco Parent Buys Rome Tool and Die

EnPro Industries has acquired the assets of Rome Tool and Die, a supplier of steel brake shoes to the North American heavy-duty truck market….
More

1/12/2011 – Utility Announces a New Dealership in Grand Rapids, Mich.

Utility Trailer Manufacturing Company has announced that Hudsonville Trailer Company is Utility’s newest authorized dealership….
More

1/12/2011 – Reyco Granning Suspensions’ New Ownership Forms Reyco Granning LLC

Reyco Granning Suspensions has been purchased from Tuthill Corporation in a management buyout backed by the private investment group, MAT Capital, an affiliate of MAT Holdings, Inc….
More

1/12/2011 – Esco to Distribute Ochoa Roadrunner Tire Service Products


ESCO has joined forces with Ochoa Roadrunner Products to increase their already extensive line of tire service equipment in the 2011 year….
More

1/11/2011 – AXN Heavy Duty Selects Gorilla Brake Components as Master Distributor

AXN Heavy Duty, announces that it has established Gorilla Brakes Components of Brantford, ON, as a master distributor, representing both OEM and aftermarket product lines….
More

1/10/2011 – Timpte Picks MTIS for Tire Inflation

Timpte Inc. has selected the Meritor Tire Inflation System by Pressure Systems International as its preferred automatic tire-inflation system….
More

1/10/2011 – ArvinMeritor Partners with Art/Design College to Create Truck of Tomorrow

A partnership between ArvinMeritor and an art/design university yielded some creative approaches to designing the fuel-efficient truck of tomorrow. Their concepts will be displayed at a major trucking show this spring….
More

1/7/2011 – Bendix Prevails in Patent Protection Lawsuit


After a week-long trial, a jury has found that Haldex “willfully infringed” upon the Bendix and Knorr-Bremse U.S. patent rights to an improved air disc brake design used on tractor-trailers and other commercial vehicles….
More

1/6/2011 – Truck Owners Recover $293,000 in Wisconsin Lemon-Law Suit

A federal jury in Wisconsin recently awarded Randy Seeman and his son Jason more than half a million dollars in a law suit over a defective Western Star truck….
More

12/31/2010 – Pilot Flying J Enhancing Driver Benefits Through Frequent Fueler Program


Pilot Flying J is launching Frequent Fueler Advantage on Jan. 3, calling the new loyalty program nation’s largest for professional drivers and RV customers….
More

12/29/2010 – U.S. Marines Place first Military Order for All-Electric Commercial Truck

Smith Electric Vehicles announced the purchase of two all-electric Smith Newton trucks by the United States Marine Corps, the first military organization to order Smith Newtons off the General Services Administration (GSA) schedule….
More

JOIN OUR NEWSLETTER
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.
Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA