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American Axle's income plunges as supplier pivots business

American Axle & Manufacturing Holdings Inc. saw its first-quarter net income nearly evaporate while it tries to manage the immediate disruption of supply chain volatility and the longer-term challenge of electrification.The Detroit-based supplier's income plunged 97 percent year-over-year to $1… ....

United States , David Dauch , American Axle Manufacturing Holdings Inc , American Axle , Manufacturing Holdings ,

American Axle bolsters electrification strategy with acquisition of Tekfor

American Axle & Manufacturing Holdings Inc. is acquiring Tekfor Group in a deal valued at more than $135 million as the Detroit-based automotive supplier expands its electrification portfolio.American Axle's purchase of the Hausach, Germany-based company, announced Monday, comes with 2,100… ....

Baden Wüberg , United States , David Dauch , Tekfor Group , American Axle Manufacturing Holdings Inc , American Axle , Manufacturing Holdings , Silicon Valley , Autotech Ventures , Automotive News ,