Automotive Industry Cyclicality and Economic Downturns: Dana's performance is highly dependent on global vehicle production volumes, which are cyclical and sensitive to overall economic conditions, potentially leading to reduced demand for its products.

Raw Material Price Volatility: Fluctuations in the prices of key raw materials such as steel, aluminum, and other metals can significantly impact Dana's cost of goods sold and profitability if these increases cannot be fully passed on to customers.

Customer Concentration and Loss of Business: A significant portion of Dana's revenue comes from a relatively small number of major global automotive and off-highway equipment manufacturers; the loss of business from, or financial distress of, a key customer could materially harm its results.