American Axle

American Axle Q1 earnings fall on debt refinance, program costs

1:44 pm U.S. ET | May 3, 2013
Auto parts maker American Axle & Manufacturing said net income fell 86 percent in the first quarter, citing debt refinancing and high costs for new-vehicle launches.... Read More »

 

Jeep dilemma: Keep SUV guts, add comfort

12:01 am U.S. ET | April 15, 2013
With the help of key suppliers -- ZF Friedrichshafen and American Axle & Manufacturing -- that developed two major innovations, the Cherokee is Jeep's best hope to compete with today's Honda CR-V, Toyota RAV4 and Ford Escape.... Read More »

 

American Axle clutch helped Cherokee crawl

12:01 am U.S. ET | April 15, 2013
American Axle & Manufacturing had been trying unsuccessfully for years to expand into the clutch business. But it wasn't it realized that its clutch design had a better use beyond an automatic transmission that it found an enthusiastic buyer in Chrysler Group.... Read More »

 

GM strike in Thailand costs American Axle $15 million

3:37 pm U.S. ET | March 28, 2013
A labor strike at GM's plant in Rayong, Thailand, over the last few months is hitting the supply chain.... Read More »

 

American Axle earnings rise on large tax benefit

4:13 pm U.S. ET | Feb. 8, 2013
American Axle & Manufacturing Holdings, helped by a large tax benefit, said fourth-quarter net profits increased tenfold to $319.9 million from $31.1 million in the same period a year ago.... Read More »

 

American Axle posts loss on debt refinancing costs

10:28 am U.S. ET | Oct. 26, 2012
Parts supplier American Axle and Manufacturing Holdings reported a surprise quarterly loss, hurt by restructuring and debt refinancing costs. American Axle reported a net loss of $8.2 million, or 11 cents per share, compared with a profit of $22.6 million, or 33 cents per share, a year earlier.... Read More »

 

American Axle's new CEO says Europe woes may prompt deals

8:47 pm U.S. ET | Sept. 19, 2012
The turmoil in Europe's auto industry may present an opportunity for American Axle and Manufacturing Holdings to acquire distressed assets, new CEO David Dauch said in an interview on Wednesday.... Read More »

 

PRODUCTION LINE

New CEO looks beyond SUV era at American Axle

12:01 am U.S. ET | Sept. 17, 2012
Now that David Dauch has succeeded his father as CEO of American Axle & Manufacturing, he must reduce his dependence on General Motors, the customer that saved his company from bankruptcy three years ago. Dauch says he has a plan to do just that.... Read More »

 

New CEO David Dauch looks beyond SUV era, GM at American Axle

12:01 am U.S. ET | Sept. 11, 2012
Now that David Dauch has succeeded his father as CEO of American Axle & Manufacturing, he must reduce his dependence on GM, the customer that saved his company from bankruptcy three years ago. Dauch says he has a plan to do just that. American Axle, which derived 73 percent of its revenue last year from GM, has begun to win a considerable number of non-GM contracts.... Read More »

 

New American Axle CEO aims to diversify, expand worldwide presence

9:02 am U.S. ET | Aug. 29, 2012
David Dauch, who takes the reins this week as CEO of American Axle and Manufacturing, vows to stay the course of his father's company as the supplier continues to diversify away from its predominantly GM-based business.... Read More »

 

American Axle 2Q profit falls on restructuring moves

4:16 pm U.S. ET | July 27, 2012
American Axle and Manufacturing Holdings said Friday that quarterly net income fell as expenses rose and the company wrote off the cost of closing of plants in Michigan and New York. American Axle's second-quarter net profit fell to $4.7 million from last year's $49.2 million.... Read More »