Dana’s Q4 net loss widened to $80 million after decreased demand in EV, off-highway markets

Dana is a drivetrain supplier based in Toledo, OH. — Drivetrain supplier Dana's drop in sales was “really reflecting small business in a few key areas,” Dana CEO Bruce McDonald said. “One would be EV and some of our sales programs that we’re currently in production on. And as the year progressed, we saw increasingly weak markets in off-highway.” (COURTESY OF DANA)

February 20, 2025 04:29 PM

Drivetrain supplier Dana Inc. saw major losses in the fourth quarter of 2024 because of decreased demand for electric vehicles and off-highway equipment.

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