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American Axle, REE Partner To Develop Module For Electric Vehicles

American Axle, REE Partner To Develop Module For Electric Vehicles
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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Michigan CEOs to GOP: Don't disenfranchise voters

Michigan CEOs to GOP: Don't disenfranchise voters
bridgemi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bridgemi.com Daily Mail and Mail on Sunday newspapers.

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American Axle reports improved Q4 earnings, lousy 2020 results

American Axle reports improved Q4 earnings, lousy 2020 results
COVID-19 and customer stoppages impacted Q4, full-year sales
Net loss of $561.3 million in 2020
American Axle & Manufacturing is based in Detroit.
American Axle & Manufacturing Holdings Inc. (NYSE: AXL) joins many of its auto supplier peers in outperforming expectations during the fourth quarter but falling well short on the year.
The Detroit-based supplier reported net income of $36 million, a substantial increase over a loss of $454 million in during Q4 in 2019. The 2019 loss was attributed to a pretax goodwill impairment of $440 million and a $52 million impact from the UAW strike at American Axle s largest customer, General Motors. ....

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