Focus on new mobility solutions could improve profitability!
The planned introduction of a modular system for light commercial vehicles, suitable for both electric and hybrid applications in Q3, could become a future growth driver!
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On January 24, Dana Inc. (DAN) presented preliminary figures for the fiscal year 2024, along with a perspective for the year 2025. The company specializes in manufacturing drive systems, drivetrain components, and thermal management technologies. As such, it is a key player in the automotive and commercial vehicle industries, which have recently suffered from cost inflation and consumer reluctance. These trends were also reflected in Dana Inc.'s revenue decline for 2024, which is based on diminishing market demand for electric vehicles, commercial...
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