Dana Incorporated (NYSE: DAN) outlined its long-term growth strategy at a capital markets event in New York City, presenting financial targets through 2030.

The automotive supplier announced Dana 2030, a plan targeting approximately $10 billion in annual sales by 2030, representing a 33% increase compared to 2026 sales guidance. The company projects adjusted EBITDA margins of 14% to 15%, reflecting a 400 basis point improvement from 2026 guidance.

Dana also set an adjusted free cash flow margin target of approximately 6%, which represents a 200 basis point improvement compared to 2026 guidance. The company plans up to $2 billion in cumulative share repurchases through 2030, building on $765 million already completed.

The presentation featured Dana's senior leadership team, including Chairman and CEO R. Bruce McDonald, incoming CEO Byron Foster, and other executives from various business units.

According to the company, the margin improvements will be driven by higher margin new business, operational efficiency, structural cost actions, and disciplined investments.

Dana, headquartered in Maumee, Ohio, designs and manufactures propulsion solutions for light and commercial vehicle markets. The company reported $7.5 billion in sales in 2025 and employs 27,000 people in 24 countries.

The information was provided in a company press release statement.