−Removed: The risk factor " Labor stoppages or work slowdowns at Dana, key suppliers or our customers could result in a disruption in our operations and have a material adverse effect on our business.
−Removed: " disclosed in Item 1A of our 2020 Form 10-K has been updated to read as follows:
−Removed: Labor stoppages or work slowdowns at Dana, key suppliers or our customers could result in a disruption in our operations and have a material adverse effect on our business.
−Removed: We and our customers rely on our respective suppliers to provide parts needed to maintain production levels.
−Removed: We all rely on workforces represented by labor unions.
−Removed: Workforce disputes that result in work stoppages or slowdowns could disrupt operations of all of these businesses, which in turn could have a material adverse effect on the supply of, or demand for, the products we supply to our customers.
−Removed: Labor agreements with United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) and United Steelworkers (USW) represented employees at certain of our U.S.
−Removed: facilities expired in August 2021.
−Removed: Represented employees have continued to work while Dana and representatives from the UAW and USW continued good faith negotiations.
−Removed: A tentative agreement for new multi-year labor agreements has been reached by the parties.
−Removed: The agreements are subject to the ratification process by both unions, the result of which is uncertain.
+Added: The risk factors disclosed in Item 1A of our 2021 Form 10-K have been updated to include the following additional risk factor:
+Added: Our business, financial condition and results of operations could be adversely affected by disruptions in the global economy caused by Russia ’
+Added: s invasion of Ukraine.
+Added: In February 2022, Russia invaded Ukraine.
+Added: In response, the U.S.
+Added: and certain other countries imposed significant sanctions and export controls against Russia, Belarus and certain individuals and entities connected to Russian or Belarusian political, business, and financial organizations, and the U.S.
+Added: and certain other countries could impose further sanctions, trade restrictions, and other retaliatory actions should the conflict continue or worsen.
+Added: It is not possible to predict the broader consequences of the conflict, including related geopolitical tensions, and the measures and retaliatory actions taken by the U.S.
+Added: and other countries in respect thereof as well as any counter measures or retaliatory actions by Russia or Belarus in response, including, for example, potential cyberattacks or the disruption of energy exports, is likely to cause regional instability, geopolitical shifts, and could materially adversely affect regional economies and the global economy.
+Added: The situation remains uncertain, and while it is difficult to predict the impact of any of the foregoing, the conflict and actions taken in response to the conflict could increase our costs, disrupt our supply chain, reduce our sales and earnings, or otherwise adversely affect our business, financial condition, and results of operations. Our 2021 revenue from customers located in these countries was approximately $75.
+Added: Our physical presence in Russia is limited to a leased sales office with two employees.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.