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American Axle & Manufacturing Holdings Inc (AXL.N)

AXL.N on New York Stock Exchange

16.68USD
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Change (% chg)

$0.44 (+2.71%)
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$16.24
Open
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$16.27
Volume
63,072
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$20.25
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Latest Key Developments (Source: Significant Developments)

AAM Further Expands In China, Forms Joint Venture With Liuzhou Wuling
Thursday, 5 Apr 2018 

April 5 (Reuters) - American Axle & Manufacturing Holdings Inc ::AAM FURTHER EXPANDS IN CHINA, FORMS JOINT VENTURE WITH LIUZHOU WULING.LIUZHOU AAM AUTOMOTIVE DRIVELINE SYSTEM WILL BEGIN PRODUCTION LATER THIS YEAR IN GUANGXI PROVINCE.WULING'S SUV AND MPV MODELS.  Full Article

American Axle & Manufacturing Holdings announces secondary common stock offering
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - American Axle :American Axle & Manufacturing Holdings Inc announces secondary common stock offering.Announces secondary offering of 15.0 million shares.  Full Article

AAM reports Q3 earnings $0.75/shr
Friday, 3 Nov 2017 

Nov 3 (Reuters) - American Axle & Manufacturing Holdings Inc :AAM reports third quarter 2017 financial results.Q3 adjusted earnings per share $0.86.Q3 earnings per share $0.75.Q3 sales $1.72 billion versus I/B/E/S view $1.63 billion.Q3 earnings per share view $0.65 -- Thomson Reuters I/B/E/S.American Axle & Manufacturing Holdings Inc - ‍increased its sales target to a range of $6.2 billion to $6.25 billion for full year 2017​.American Axle & Manufacturing Holdings Inc - ‍AAM has updated its full year 2017 financial outlook​.American Axle & Manufacturing Holdings Inc sees ‍adjusted EBITDA of approximately $1.1 billion in 2017.​.American Axle & Manufacturing Holdings Inc sees ‍adjusted free cash flow of approximately 5% of sales in 2017.​.American Axle & Manufacturing Holdings Inc sees ‍full year capital spending of approximately 8% of sales in 2017.​.American Axle & Manufacturing Holdings Inc - ‍AAM is targeting adjusted EBITDA of approximately $1.1 billion in 2017​.FY2017 revenue view $6.07 billion -- Thomson Reuters I/B/E/S.American Axle & Manufacturing Holdings Inc - ‍AAM is targeting full year capital spending of approximately 8% of sales in 2017​.American Axle & Manufacturing Holdings Inc - ‍non-GM sales in Q3 of 2017 were $1.01 billion as compared to $307.7 million in Q3 of 2016​.  Full Article

American Axle to buy Metaldyne Performance for $1.6 bln
Thursday, 3 Nov 2016 

American Axle & Manufacturing Holdings Inc : AAM announces acquisition of MPG . Deal expected to deliver annual cost synergies in range of $100 million to $120 million . Deal for $1.6 billion in cash and stock . Transaction is expected to be accretive to cash flow and eps in first full year following transaction . Deal includes assumption of $1.7 billion in net debt . Each share of MPG's common stock will be converted into right to get $13.50 per share in cash and 0.5 share of AAM stock . David C. Dauch will continue to serve as chairman and chief executive officer of AAM . Following transaction, affiliate of American Securities LLC will own about 23% of combined co . AAM's shareholders will own approximately 70% of combined company and MPG's shareholders will own approximately 30% . Effective as of closing of transaction, AAM's board of directors will be expanded to 11 members . AAM is targeting a net debt / adjusted EBITDA ratio of 2x by end of 2019 . Deal includes assumption of $1.7 billion in net debt . Transaction has been unanimously approved by boards of directors of both companies .Cash portion of merger consideration will be financed through a combination of cash on hand and debt.  Full Article

Auto loans weaken in US secondary market amid tariff threats

NEW YORK, July 19 (LPC) - Secondary loan prices for US automotive manufacturers and components makers are falling as investors view proposed US tariffs of up to 25% on imported automobiles and parts as negative for the sector.