American Axle spun off from GM in 1996, nearly crashed during the recession and, with a $1.4 billion buy of UK's Dowlais, ...
The Detroit-based drivetrain components supplier's acquisition of Dowlais Group plc will offer more production scale, help lower costs.
Dowlais shares jumped as much as 13%, but had pared gains to trade up 4.6% at 71.5 pence by 1418 GMT. RBC analysts said the ...
The British firm that American Axle is acquiring was listed on the London exchange in 2023 and has lost 40% of its stock ...
British car parts maker Dowlais has agreed to a £1.2bn US takeover to cope with the industry switch to electric vehicles (EVs ...
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