Dana Company History Timeline

1904
Dana Corporation, currently operating as Dana Holding Corporation, was established in 1904 by a 29-year-old engineering student.
Also in 1904, the first C.W. Spicer u-joints are shipped to Corbin Motor Company in Connecticut.
1905
Spicer originally incorporated his company as the Spicer Universal Joint Manufacturing Company in 1905, but changed the name to Spicer Manufacturing Company four years later.
1914
In 1914, Charles Dana joins the company.
1916
Attorney and financier Charles Dana invested in the company shortly after, assuming the role of president in 1916.
1920
Another 1920 s development began in Capistrano Beach, led by oil tycoon Edward Doheny it also faltered.
1922
In 1922, Spicer is listed on the New York Stock Exchange.
1925
In 1925, Spicer expands internationally taking a holding in licensee in England, Hardy, renamed Hardy Spicer.
1929
The stock market crash of 1929 and ensuing economic depression, however, ended the development.
1930
In the 1930 s, Sidney H. Woodruff, developer of the Hollywood tracts advertised by the Hollywood land sign, along with several prominent investors, purchased extensive land in the area and made ambitious plans for a resort town that combined the romance of Old California with modern amenities.
1931
In 1931, Doheny donated more the 40 acres of prime ocean front property to the state, which became Doheny State Beach Park, California s first state beach.
1933
The company returns to profitability in 1933.
1946
In 1946, Dana became president and treasurer, and the company was renamed the Dana Corporation.
1954
Hobie Alter, who went on to develop polyurethane foam surfboards, opened California s first surf shop in 1954.
1958
Company introduces the first cruise control on 1958 Chrysler models.
1960
Construction of Dana Point Harbor started in the late 1960 s with the building of the rock breakwater jetties.
1970
In the 1970 s, residential development began in earnest and the sleepy beach town was transformed.
1972
Harrison founded the Dana Outrigger and Canoe Club in 1972.
1974
Moreover, Dana became known for its ability to turn unprofitable companies around. For example, in 1974, Dana acquired Summit Engineering Corporation, a manufacturer of numerical controls for machinery.
1978
Owners Dana Gleason and Renee Sippel-Baker have worked together since 1978, when Dana hired Renee as a production sewer with his first company, Kletterwerks.
1979
At the time, the company's sales were at 900,000 under Dana's direction, sales increased to 18 million by 1979.
1980
By 1980, Dana had developed three distinct areas of business original equipment auto and truck parts, replacement parts, and industrial machine components.
1983
In 1983, Dana's original equipment parts business had an unexpectedly profitable year, as earnings rose 119 percent to 112 million.
1984
In 1984, Dana began manufacturing gears identical to those designed for a line of Clark Equipment Company truck transmissions.
1985
In 1985, Dana and Renee founded Dana Design, the backpack company that would come to be recognized as the industry standard in load carriage technology.
1989
Incorporated in 1989, the City of Dana Point is named after Richard Henry Dana Jr.
1993
According to the objectives stated in Dana's 1993 annual report, the company planned to earn 50 percent of sales from distribution markets and 50 percent of total sales from outside the United States.
1995
Prompted by the need for capital to expand into wider markets and manage a growing company, Dana and Renee accepted an offer to sell Dana Design to the K2 Corporation in 1995.
2000
Since 2000, Mystery Ranch has been manufacturing packs and load carriage systems for military, hunting, wildland fire and mountaineering customers, with a focus on use-specific designs and hand-built quality.
Dana and Renee officially founded Mystery Ranch in 2000, and they were officially back in packs.
2001
The brothers agreed, and in January 2001, they formed parent company Zuffa, LLC and bought UFC, with White serving as president.
2002
Dana White is the president and brains behind the UFC. Dana rose from humble beginnings in New England to acquiring the UFC in 2002 when it was at the verge of bankruptcy.
In one notable asbestos lawsuit, a former pipefitter sought recovery for his asbestos-related injuries in 2002.
2004
Though firmly entrenched in outdoor retail, Dana was approached by the Navy SEALs for custom packs in 2004, and Mystery Ranch began a relationship with the military that would significantly alter its business model and design strategy.
2006
In 2006, Dana filed for bankruptcy.
2007
Dana began reorganization in December 2007.
In 2007, the company settled 7,500 claims involving asbestos gaskets.
In 2007, Dana canceled 150 million shares of stock during their bankruptcy.
2008
2008, January 6 . Retrieved from http www.toledoblade.com local 2008 01 06 Dana-Corp-asbestos-claimants-appeal-Chapter-11-plan-confirmation.html.
In 2008, a group called the Ad Hoc Committee of Asbestos Claimants appealed Dana Corporation s recently accepted reorganization plan to emerge from bankruptcy.
2009
On January 1, 2009, the City of Dana Point celebrated its 20th anniversary.
2010
Dana Holding Corp. had about 31,000 active pending asbestos claims as of June 30, 2010.
2012
Asbestos Bankruptcy Funds Trusts. n.d. . Retrieved July 9, 2012, from Retrieved from http www.militaryconnection.com articles 5Casbestos 5Casbestos-bankruptcy-funds-trusts.asp.
2015
Dana and Audi are awarded a 2015 Automotive news Pace Innovation Partnership Award for developing Victor Reinz partially coated multi-layer steel valve body separator plates.
Speek raised a 5.8M Series A and was acquired in 2015 by Jive Communications.
2016
He joined The Mesothelioma Center at Asbestos.com in 2016, and he spends much of his time reading, analyzing and reporting on mesothelioma research articles to ensure people in the mesothelioma community know the latest medical advances.
2017
Now known as Dana Incorporated, the company has been on the Fortune 500 list for 24 years, generating sales of nearly 7.2 billion in 2017 alone.
According to Dana s 2017 filing with the United States Securities and Exchange Commission, the company had approximately 25,000 active pending asbestos personal injury claims as of Dec.
2019
Dana recognized by General Motors as a 2019 Supplier of the Year Winner for Driveline Technologies and FCA Supplier of the Year for Value Optimization.
2020
Vote for Best of Orange County 2020 Disneyland reopening.
In 2020, Dana started using 3D printers at its Advanced Manufacturing Center in Maumee, Ohio to manufacture face shield components for use during the coronavirus pandemic.
Founded
1904
Headquarters
Maumee, OH
Founders
J. B. Long,Hugo Reinz,Charles Dana,Clarence Spicer,Joseph Victor

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