Fendt Expands Engineering Collaboration with Dana Incorporated through Joint Development of Axles for New Fendt 900 Vario Series Tractors

HANNOVER, Germany, Nov. 11, 2019 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced the expansion of a joint engineering agreement with Fendt, a worldwide brand of AGCO. Over the past three years, the companies have co-developed advanced Spicer(®) 980 independent suspended axles for the new Fendt 900 Vario series of large tractors.

Ranging from 296 to 415 HP (218 to 305 kW), the five new Fendt 900 Vario tractors provide unprecedented fuel efficiency, uptime, and agronomic benefits through features such as the Fendt tractor management system (TMS) and Fendt stepless VarioDrive continuously variable transmission (CVT).

The Fendt 942 Vario tractor, the largest in the new series, is featured at Agritechnica 2019 this week in hall 20, stand B14. The tractor was awarded "Tractor of the Year 2020" honors at a ceremony on Sunday.

"Agriculture customers rely on the technological superiority of Fendt tractors to maximize productivity, offer the versatility needed to perform a wide variety of work, enhance operator safety and comfort, and ultimately improve their bottom lines over the long term," said Peter-Josef Paffen, vice president, brand head Fendt EME. "Dana has long served as our trusted collaborator in developing advanced drive technologies for Fendt tractors, and we anticipate continued success as we extend our relationship with the new series of Fendt 900 Vario tractors."

The Spicer 980 axle features an independent front suspension, which provides isolation from body vibration. With approximately 20 cm (eight inches) of vertical movement, the axle provides stable ground contact and traction on uneven field terrain. The configuration provides improved vehicle control, operator comfort, traction, and handling characteristics for safer operation, especially at on-road speeds.

Additionally, the Spicer 980 axle is designed to support Fendt's proprietary tire inflation system.

In addition to this year's recognition, numerous Fendt tractors with Spicer axles have earned prestigious "Tractor of the Year" honors, including:

    --  the Fendt 313 Vario, the winner in the "Best Utility" category for 2019;
    --  the Fendt 211 Vario V narrow-track tractor, which topped the "Best
        Specialized" category in 2018; and
    --  the Fendt 1050 Vario, recognized as the "Tractor of the Year" in 2016.

"The exceptional performance of Fendt tractors is enhanced through our shared market knowledge, deep technical expertise, and commitment to customer centricity," said Aziz Aghili, president of Dana Off-Highway Drive and Motion Technologies. "We look forward to working with AGCO to further improve the class-leading features, capabilities, and comfort of the next generation of Fendt tractors."

About AGCO
AGCO is a global leader in the design, manufacture and distribution of agricultural solutions and delivers high-tech solutions for farmers feeding the world through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger(®), Fendt(®), GSI(®), Massey Ferguson(®) and Valtra(®), supported by Fuse(®) smart farming solutions. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $9.4 billion in 2018. For more information, visit www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

About Dana Incorporated
Dana is a world leader in providing power-conveyance and energy-management solutions that are engineered to improve the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. Enabling the propulsion of conventional, hybrid, and electric-powered vehicles, Dana equips its customers with critical drive and motion systems; electrodynamic technologies; and thermal, sealing, and digital solutions.

Founded in 1904, Dana employs more than 36,000 people who are committed to delivering long-term value to their customers, which includes nearly every vehicle manufacturer in the world. Based in Maumee, Ohio, USA, and with locations in 33 countries across six continents, the company reported sales of $8.1 billion in 2018. Having established a high-performance culture that focuses on its people, the company has earned recognition around the world as a top employer. Learn more at dana.com.

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SOURCE Dana Incorporated