Dana Holding Corporation (NYSE: DAN) last night was honored with the 2012 Automotive News PACE Innovative Partnership Award for its collaboration with Ford Motor Co. in bringing to the marketplace its Long® active and passive warm-up technology – which improves fuel efficiency by up to 4 percent.
Dana partnered with Ford to introduce the technology on the 2012 Ford Edge and subsequently the 2013 Ford Taurus.
"This recognition affirms to us that we are creating market-driven, innovative technologies and truly partnering with our customers to deliver these breakthrough innovations to the marketplace," said Roger Wood, Dana president and chief executive officer. "To have earned this award with an important customer such as Ford is a real honor. Dana and Ford have worked in close cooperation since the days of the Model T, and we are pleased to be collaborating on innovations nearly a century later."
This Dana innovation also was a finalist for the 2012 Automotive News PACE Awards, which honor superior innovation, technological advancement, and business performance among automotive suppliers.
Dana's innovative technology diverts wasted heat from the vehicle's cooling and exhaust systems to transmission oils, which accelerates the process for achieving and maintaining optimal temperatures. The results are increased efficiency, improved fuel economy, and reduced emissions.
The new technology combines the thermal bypass valve with the active warm-up unit to deliver an integrated system that reduces friction loss due to the oil's viscosity at low temperatures. In cool temperatures, the unit transfers heat from the coolant to the oil, and in normal operating conditions, the unit functions like a traditional cooler by transferring heat from the oil to the coolant.
About the Automotive News PACE Awards
The Automotive News PACE Awards honor superior innovation, technological advancement and business performance among automotive suppliers. This prestigious award, now in its eighteenth year, is recognized around the world as the industry benchmark for innovation. The 2012 Automotive News PACE Awards were presented on April 23, 2012, at the Max M. Fisher Music Center in Detroit.
About Dana Holding Corporation
Dana is a world-leading supplier of driveline, sealing, and thermal-management technologies that improve the efficiency and performance of passenger, commercial, and off-highway vehicles with both conventional and alternative-energy powertrains. The company's global network of engineering, manufacturing, and distribution facilities provides original-equipment and aftermarket customers with local product and service support. Based in Maumee, Ohio, Dana employs approximately 24,500 people in 26 countries and reported 2011 sales of $7.6 billion. For more information, please visit www.dana.com.
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