Dana to Build New Gear Manufacturing Facility in Europe

MAUMEE, Ohio, Sept. 8, 2016 /PRNewswire/ -- In support of secured new business, Dana Incorporated (NYSE: DAN) announced today that it plans to construct a state-of-the-art gear manufacturing facility in Europe. The establishment of this Spicer® gear factory in Győr, Hungary, will serve as a significant enabler to further satisfy the regional needs of Dana's global customers. The 140,000 square-foot (13,000 square-meter) facility will provide customers in the region with access to Dana's advanced design, engineering, and manufacturing expertise to support their sourcing initiatives and technology strategies. With construction slated to begin in the first quarter of 2017, the company plans to invest approximately $51 (