GM's $1 billion investment plan to take toll on American AxleJan. 18
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 dealNov. 8, 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 billionNov. 3, 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%July 29, 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.