GM's $1 billion investment plan to take toll on American AxleWed, 18, Jan 2017
General Motors' plan to invest $1 billion into U.S. factories and add thousands of jobs comes at the expense of one Detroit supplier. American Axle & Manufacturing is losing part of its business to supply GM's next-generation full-size pickup trucks and SUVs.
American Axle to face new risks, board changes after Metaldyne dealTue, 08, Nov 2016
American Axle's bold move last week to acquire Metaldyne in a $3.3 billion deal is an operational win, but local experts say the deal is expensive and carries new financial risk, along with the addition of new, potentially challenging board room dynamics for management.
American Axle to buy Metaldyne for $3.3 billionThu, 03, Nov 2016
American Axle & Manufacturing agreed to acquire Metaldyne Performance Group for $3.3 billion in cash, stock and debt. The deal, expected to close during the first half of 2017, creates a supplier with a broad lineup of drivetrain, driveline and powertrain components and systems.
American Axle Q2 net income rises 21%Fri, 29, Jul 2016
American Axle & Manufacturing's net income climbed 21 percent to $71 million in the second quarter from the year-earlier period, the supplier reported today. The company's revenue rose 2.1 percent to $1.02 billion in the quarter.
American Axle Q1 profits rise 15% on lower costsFri, 06, May 2016
American Axle Q4 net income rises, shares surgeFri, 12, Feb 2016
American Axle Q3 profits rise 38%Fri, 30, Oct 2015
American Axle Q2 net grows 12%Fri, 31, Jul 2015
2 deal makers take charge at suppliersMon, 20, Jul 2015
American Axle may land tenants for Detroit siteFri, 29, May 2015
American Axle profits rise; non-GM sales growFri, 01, May 2015
ThyssenKrupp plans to sell axle systems unit, report saysTue, 14, Apr 2015
German steelmaker ThyssenKrupp is selling its automotive contract assembly unit, which makes axle systems for car makers, as it seeks to streamline its activities and beef up profitability, two sources familiar with the deal told Reuters.