Dana Incorporated has agreed to sell its off-highway business to Allison Transmission for $2.7 billion. The off-highway unit produces mobile drivetrain and motion systems for heavy-duty vehicles used in sectors such as construction, agriculture, material handling, mining, forestry, and industrial applications. The transaction is estimated to yield an after-tax amount of approximately $2.4 billion. Dana's management, led by Bruce McDonald, received commendation from investor Carl Icahn, who indicated that shareholder activism contributed to the decision amid challenging market conditions. The sale is expected to unlock around $1 billion in shareholder value and represents a strategic transformation for Dana.