Dana (DAN) also announced changes to its reportable business segments, which will take effect in the first quarter of 2025. The company’s Power Technology segment will be split, integrating the OEM-facing businesses into its Light Vehicle Drive Systems segment and the aftermarket business into its Commercial Vehicle Drive and Motion Systems segment. Dana’s new reportable segments will be: Light Vehicle Systems and Commercial Vehicle Systems. The new organizational structure follows the company’s November 25, 2024, announcement that it is pursuing a sale of its Off-Highway business, which continues to advance. The board believes the sale will unlock substantial value for shareholders and that proceeds from a potential sale will enable Dana to strengthen its balance sheet through substantially reduced leverage and to return capital to shareholders.
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