One result of all this consolidation is that the remaining suppliers are working more closely together. Even historical competitors are finding creative ways to offer the best overall product solutions to their common OEM customers. A real sea change partnership for us, and perhaps one of the most exciting, is our collaboration with GKN wherein we even exchanged some of our driveshaft operations. In this partnership, Dana will focus on cardan operations, and GKN will focus on constant-velocity joints. But that's not the extent of the plan.
Many suppliers have similar stories to tell.
They're all looking for ways to be more effective, and they're not afraid to set aside long-standing protocols to do it. We believe that the formation of strategic partnerships is one of the most capital efficient ways that Dana can grow in support of our customers at this time. The strategy allows us to offer more choices to our customers without the need for additional capacity. The result is better use of capital and more efficient asset utilization, which ultimately serves the shareholder. Looking further over the horizon, our industry has to plan and prepare for continued global growth and new technologies to speed our success.