The Detroit-based developer of ICE and EV drivetrain products is expanding its automotive-sector presence with a ...
American Axle & Manufacturing (AAM) has agreed terms to acquire Dowlais Group plc. The $1.44 billion deal, consisting of cash and AAM shares.
The Detroit-based drivetrain components supplier's acquisition of Dowlais Group plc will offer more production scale, help lower costs.
The British firm that American Axle is acquiring was listed on the London exchange in 2023 and has lost 40% of its stock ...
(Reuters) - Detroit-based American Axle and Manufacturing will buy GKN Automotive owner Dowlais in a cash-and-stock deal, ...