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American Axle takes Q4 loss, but sees unique benefit from EV boom

American Axle & Manufacturing Holdings Inc. took a $46.3 million blow in the fourth quarter, but executives say consolidation in the internal combustion engine market and new business in electric vehicles will benefit its balance sheet.The Detroit-based driveline supplier's net loss reported…

American Axle invests $15 million in venture capital firm as part of electrification push

Driveline supplier American Axle & Manufacturing Holdings Inc. said it invested $15 million in Silicon Valley venture capital firm Autotech Ventures, as the Detroit-based company looks to boost its electrification business. American Axle said in a Wednesday statement that its investment…

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