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Stock impact report

AXL sells commercial vehicle axle business to India's Bharat Forge for $65M [Seeking Alpha]

American Axle & Manufacturing Holdings, Inc. (AXL) 
Last american axle & manufacturing holdings, inc. earnings: 2/14 08:00 am Check Earnings Report
US:NYSE Investor Relations: aam.com
Company Research Source: Seeking Alpha
The business being sold generated ~$156M of sales in the last twelve months ending June 30, 2024. "The strategic decision to sell our commercial vehicle axle business in India enables us to strengthen our focus on ICE, hybrid and full electric passenger car, pickup truck / SUV, and van applications globally and provides additional financial flexibility," said David C. Dauch, AAM Chairman and CEO. The transaction is expected to close in Q4 2024. More on American Axle & Manufacturing American Axle & Manufacturing: 7.6% Yielding Long-Term Debt Attractive For Income Investors American Axle & Manufacturing Non-GAAP EPS of $0.19 beats by $0.08, revenue of $1.63B beats by $40M American Axle & Manufacturing Q2 2024 Earnings Preview Recommended For You Comments More Trending News Recommended For You More Trending News Show less Read more
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