American Axle's latest acquisition highlights its long rise from near death
With its acquisition of a British competitor, Detroit-based American Axle will expand its production in Michigan, diversify its business beyond North America and reduce its reliance on General Motors — a megamove that signals how far the company has come since its near death 15 years ago.
The purchase of British driveline provider Dowlais for $1.44 billion, announced Wednesday, marks the latest step for the company to achieve greater scale to meet the demand of electric vehicles in the U.S. market and carve out an even larger global footprint. The combined company will be among the world's largest auto suppliers.
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It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PSE:AUB SEHK:2005 and SGX:H13. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
