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Dowlais, American Axle
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.
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.
American Axle in Detroit Acquires British Dowlais Group for $1.44B
American Axle & Manufacturing (AAM) in Detroit has acquired the British Dowlais Group, which includes GKN Automotive and GKN Powder Metallurgy, for approximately $1.44 billion in cash and AAM shares.
American Axle CEO says Detroit will benefit from $1.44B Dowlais deal
Detroit-based American Axle & Manufacturing Inc. CEO David Dauch spent much of Wednesday assuring analysts that the supplier’s $1.44 billion transatlantic takeover will benefit shareholders and the automotive industry.
American Axle & Manufacturing signs $1.44bn deal to acquire Dowlais
American Axle & Manufacturing has agreed to acquire UK-based car parts maker Dowlais Group in a cash and stock deal valued at approximately $1.44bn.
US car parts firm to buy GKN Automotive owner Dowlais for £1.2bn
GKN Automotive owner Dowlais is set to be acquired by a US firm in a deal worth almost £1.2billion, less than two years after it was spun-out of Melrose Industries .
Hosted on MSN
5h
American-Made Luxury: Porsche, Audi US Expansion Rumors
Porsche and Audi may bring some of their production to the United States. This would be a boost for the VW Group and a nod to ...
8h
American Axle's latest acquisition highlights its long rise from near death
American Axle spun off from GM in 1996, nearly crashed during the recession and, with a $1.4 billion buy of UK's Dowlais, ...
Crain's Detroit
1d
American Axle to acquire London-based supplier in $1.44B deal
American Axle & Manufacturing Holdings Inc. plans to acquire British peer Dowlais Group Plc in a $1.44 billion deal that ...
TMJ4
8h
Trump tariffs on track to raise the cost of cars in the U.S., local auto industry reps react
The Trump Administration is proposing a 25% tariff on imported vehicles and vehicle parts from Canada and Mexico, as soon as ...
1d
Why American Axle's $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, help lower costs.
8d
on MSN
Trump ended the EV mandate. Here’s what it means for the auto industry.
Trump’s new executive order ending the EV mandate could give companies more leeway in the EV transition, but it is not ...
American Machinist
13h
American Axle Combining with Drivetrain Rival
The Detroit-based developer of ICE and EV drivetrain products is expanding its automotive-sector presence with a ...
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