History of DANA

[jtdesigns]

Came across this and thought it was a good lil tid-bit..

 

In 1904, an engineering student named Clarence Spicer left Cornell University to launch a new business in the vacant corner of a New Jersey factory.

 

While still a student, Spicer had earned a patent for his groundbreaking design of the first practical universal joint to power an automobile. Spicer’s innovation would quite literally unchain the automobile, which had previously relied on chain-and-sprocket drives to transmit power. But at its outset, his new venture was a decidedly bold step.

 

A talented engineer and inventor, Spicer had neither business nor manufacturing experience. And although the automobile was destined to become a global institution, its future was still far from certain at the turn of the 20th century.

 

It was from these uncertain beginnings that Dana Holding Corporation emerged as one of the world’s most influential automotive suppliers. Founded on Spicer’s designs, and fueled by the business acumen of attorney, politician, and financier Charles Dana, the company proceeded to expand its product array, technological expertise, and geographic scope throughout the century. Along the way, Dana Holding Corporation also fostered a progressive, people-oriented culture that has added a unique dimension to the products and services the company provides.

 

Building on these strengths, Dana Holding Corporation products have helped to drive history’s greatest vehicles – from the Model T and the World War II-era Jeep®, to London taxicabs, 18-wheel rigs, giant earth-moving machines, and every car on the NASCAR® racing circuit.

 

As Dana Holding Corporation embarks on its second century, it continues to build on this proud heritage. Dana people continue their passionate pursuit of innovation. And the company continues to deliver on its commitment to advancing the science of mobility for the benefit of its global customers.

[BLHTAZ]

8) Cool... I guess it's pretty-much understood that everything has a beginning, but I always like hearing the stories behind them and especially when it's "a lowly guy that started in his closet" type thing :thumbsup:

[Sir Sam]

8) Cool... I guess it's pretty-much understood that everything has a beginning, but I always like hearing the stories behind them and especially when it's "a lowly guy that started in his closet" type thing :thumbsup:

 

If you start a business in a closet could you consider your IPO a "coming out of the closet"?

[bigd44889]

:bowdown: :clapping: :rotf: comming out of the closet

[Drahcir495]

:bowdown: :clapping: :rotf: comming out of the closet

Is this thread going to disappear like the other out of the closet thread :yes:

[Sir Sam]

So where is the paragraph on Dana bankruptcy hearing? :roll:

[BLHTAZ]

8) Cool... I guess it's pretty-much understood that everything has a beginning, but I always like hearing the stories behind them and especially when it's "a lowly guy that started in his closet" type thing :thumbsup:

 

If you start a business in a closet could you consider your IPO a "coming out of the closet"?

I wondered how fast someone would make a reply like that :rotf: