MAUMEE, Ohio, April 4, 2017 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) has earned a 2017 Automotive News PACE Award for its Victor Reinz® multi-layer steel transmission pump gasket. The awards were presented last evening at the Max M. Fisher Music Center in Detroit.
Dana's multi-layer steel transmission pump gasket is a five-layer gasket that improves performance and fuel economy for vehicles with higher-speed transmissions. The innovative gasket provides a robust solution that increases durability, minimizes contact stress, and meets the needs of higher operating pressures.
"Dana is honored to earn this prestigious award in recognition of our commitment to providing our customers with innovative solutions that address many of the biggest challenges facing the global automotive industry today," said Dwayne Matthews, president Dana Power Technologies. "This award is a testament to the expertise and collaborative spirit of Dana's world-class engineering team. Their unwavering dedication to developing cutting-edge solutions will continue to drive the future of our company, and the automotive industry as a whole."
Dana was the only supplier to have three technologies named as 2017 PACE Award finalists, with its adaptive air/oil separation system and its Spicer® OpTiMa™ tire pressure management system also recognized by the judges. This marks the sixth consecutive year that Dana has been named a finalist for the PACE Awards. Only six global automotive suppliers have achieved this distinction.
About Dana Incorporated
Dana is a world leader in highly engineered solutions for improving the efficiency, performance, and sustainability of powered vehicles and machinery. Dana supports the passenger vehicle, commercial truck, and off-highway markets, as well as industrial and stationary equipment applications. Founded in 1904, Dana employs approximately 27,000 people in 34 countries on six continents who are committed to delivering long-term value to customers. The company reported sales of more than $5.8 billion in 2016. Forbes Magazine has again selected Dana as one of America's 100 Most Trustworthy Companies. Based in Maumee, Ohio, the company's operations were selected as a 2017 "Top Workplace" in Northwest Ohio and Southeast Michigan by The (Toledo) Blade. For more information, please visit dana.com.
About the Automotive News PACE Awards
The Automotive News Premier Automotive Suppliers' Contribution to Excellence (PACE) Awards is recognized around the world as the industry benchmark for automotive innovation. PACE Awards are awarded to international automotive organizations for bringing game changing innovation to their OEM customers and the automotive industry. The PACE Awards Program welcomes entries from all suppliers to automotive OEMs. Applicants and winners have come from six continents including large and small companies supplying production parts, materials, capital equipment and services. The award is presented by Automotive News, Ernst & Young, OESA, and SAE International.
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SOURCE Dana Incorporated