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Prime Mover Magazine

Dana rises in Fortune 500

Dana Holding has been named as part of Forbes’ annual Fortune 500 list.

The provider of driveline tech and thermal management automotive parts was among a group of companies and household brands recognised each year by the investment and finance magazine.

Of the final 500 companies recognised in the official list, a select 57 of these had retained their place since its inception in 1955.

Dana was one of them.

Coming in at number 393, Dana had moved up 54 positions from its listing, the previous year.

The company’s revenue for the last financial year was estimated at more than $9.6 million.

The specialist supplier in auto parts for light, medium and heavy manufacturers joined other corporate giants on the list. Among them were General Electric, General Motors, Chevron oil, IBM and PepsiCo.

Brands predominantly associated with the road transport industries included Exxon Mobil (#2), Chevron (#13), Caterpillar (#65), and Penske Automotive Group (#139).

Of the exclusive companies to make the list of 57, Forbes indicated the annual adjustments for returns had not been calculated for those who issued additional company stock as a result of bankruptcy reorganisations.

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