Detroit's American Axle buys British driveline maker for $1.44 billion
The British firm that American Axle is acquiring was listed on the London exchange in 2023 and has lost 40% of its stock value since.
Why American Axle $1.44B bid for British rival aims to navigate uncertain future
The Detroit-based drivetrain components supplier's acquisition of Dowlais Group plc will offer more production scale.
U.S. Auto-Parts Maker American Axle To Buy Britain’s Dowlais For $1.4 Billion
American Axle & Manufacturing has agreed to buy Dowlais Group for about $1.44 billion in a cash-and-shares deal that will result in another U.K. company leaving the London stock market.
UK Car Parts Maker Dowlais Agrees to $1.2 Billion Merger With American Axel
American Axle & Manufacturing Holdings Inc., a maker of drivetrain components, has agreed to combine with UK peer Dowlais Group Plc in a transatlantic automotive deal.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson,
American Axle to buy GKN automotive owner Dowlais in $1.4 billion deal
Detroit-based American Axle and Manufacturing will buy GKN Automotive owner Dowlais in a cash-and-stock deal, valuing the London-listed firm at about 1.16 billion pounds ($1.44 billion), the companies said on Wednesday.
UAW officials defy strike mandate by Detroit Axle workers, move to ram through sellout deal
Rank-and-file workers expressed their anger and disgust over the decision by the United Auto Workers bureaucracy to run ...
Detroit Axle workers OK possible strike with contract expiring next week
Detroit Axle is part of Daimler Truck. Workers, who are represented by the UAW, say they make about $10 less an hour than ...
Crain's Detroit17h
American Axle to acquire London-based supplier in $1.44B deal
American Axle & Manufacturing Holdings Inc., a Detroit-based maker of drivetrain components, has agreed to acquire UK peer ...
Detroit Axle workers ready to walk out as strike deadline approaches
Workers voted by 99 percent last week to authorize a strike to win substantial raises, better retirement benefits and equal ...
American Machinist3h
American Axle Combining with Drivetrain Rival
The Detroit-based developer of ICE and EV drivetrain products is expanding its automotive-sector presence with a ...
Crain's Detroit13d
UAW says 99% of Detroit Axle members vote to authorize strike against Daimler
The UAW said 99 percent of its members at the Detroit Axle plant voted Jan. 15 to authorize a strike against Daimler Truck ...
American Axle secures acquisition of Dowlais for £1.16 billion
Holdings Inc. (NYSE: AXL), a leading automotive supplier, has agreed to acquire UK-based Dowlais in a deal that values the ...