As a “build where you sell supplier”, Dana CEO, Jim Kamisickas, said that the impact of tariffs from the Trump administration are not a big deal.
Kamisickas told US news outlet, TheStreet, that Dana does not ship axles and driveshafts half-way around the world, and will not be raising prices for its products in light of the US trade war.
“Our customers recognise that a healthy supply base is really important to them – and important to us – so when working through deals that may have something to do with economics and potential tariffs, there is a true partnership there. And everybody, I think, will work through that,” he said – explaining that Dana continues to find solutions. “When running a major parts manufacturing company, there is a lot of ways to take out waste through over-design or whatever it may be, so we continue to drive in that direction.”