In addition to beating Wall Street expectations for its fourth quarter results, investors were pleased with American Axle’s ...

American Axle & Manufacturing is merging with UK-based Dowlais Group to tackle industry transitions and diversify, growing to ...

Detroit-based American Axle & Manufacturing Inc. CEO David Dauch spent much of Wednesday assuring analysts that the supplier’s $1.44 billion transatlantic takeover will benefit shareholders and the ...

British "industrial aristocracy" Dowlais joins exodus from London stock market - Dowlais traces its roots back to the formation of Dowlais Ironworks Co in south Wales at the dawn of the Industrial Rev ...

American Axle & Manufacturing Holdings, Inc. AXL, a leading supplier of driveline and drivetrain systems, modules and components, has reached an agreement with the board of Dowlais Group plc for a ...

Whilst the Dowlais Board remain confident in our stand-alone strategy, this transaction creates significant shareholder value while ensuring that our outstanding businesses continue to shape the ...

American Axle & Manufacturing (AAM) in Detroit has acquired the British Dowlais Group, which includes GKN Automotive and GKN Powder Metallurgy, for approximately $1.44 billion in cash and AAM shares.

As part of the agreement, Dowlais shareholders will receive 0.0863 ... debt reduction while maintaining a capital allocation strategy below 2.5x net leverage. The boards of directors of both ...