Dana Incorporated (NYSE: DAN) recently inaugurated a new high-tech axle production facility in Toledo, Ohio.  The site of the new Dana facility was initially home to Willys-Overland Motors, which developed the original Jeep.

The 300,000 sq. ft. facility was built to support a number of new light-vehicle programs, including the new Jeep Wrangler, which will be manufactured less than three miles away at FCA US LLC's Toledo Assembly Complex.

"The investment in this new manufacturing facility supports Dana's global growth and serves as the latest example of our commitment to the greater Toledo area, which has been our home for nearly 90 years," said James Kamsickas, Dana president and CEO.  "It is an honor for Dana to return manufacturing to the same historic site where Toledo's automotive industry began more than a century ago."

"Our new Toledo facility will integrate Dana's best global manufacturing practices and advanced operating systems.  The plant's products will feature Dana's latest technologies, and the location - in close proximity to our customers and our World Headquarters and Maumee Technology Center - will benefit our customers, employees, and shareholders," said Bob Pyle, president, Dana Light Vehicle Driveline Technologies.  "I would like to thank our customers for their trust and support as we grow our company and launch this new facility."

END

The Toledo-Lucas County Port Authority redeveloped the property in conjunction with NAI Harmon Group.  To support this investment, Dana received financial and other assistance from the State of Ohio and JobsOhio, the Regional Growth Partnership, Lucas County, the City of Toledo, the Port Authority, and First Energy.