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American Axle & Manufacturing Holdings Inc (AXL.N)

AXL.N on New York Stock Exchange

12.50USD
8:47pm GMT
Change (% chg)

$0.24 (+1.96%)
Prev Close
$12.26
Open
$12.15
Day's High
$12.69
Day's Low
$11.95
Volume
437,463
Avg. Vol
457,099
52-wk High
$19.63
52-wk Low
$11.27

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
Tuesday, 7 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

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.