During the auto industry's Great Collapse of 2009, American Axle and Manufacturing Holdings Inc. had a near-death experience. Its two biggest customers, General Motors Co. and Chrysler Group, both shut down production as they went through bankruptcy.
American Axle avoided bankruptcy after GM gave the supplier $110 million in cash, a $100 million line of credit and 10-day payment terms in exchange for the right to buy up to 20 percent of American Axle's stock.
Revenues and profits began to rebound, and now American Axle is looking for growth opportunities in Asia.
Company CEO Richard E. Dauch and his son, COO David C. Dauch, shared American Axle's growth strategy with Production Line's David Sedgwick.