(DETROIT)More than 2,000 U.S. hourly workers are expected to take buyout offers from auto supplier American Axle and Manufacturing Holdings Inc., a United Auto Workers official said Wednesd...READ MORE
(NEW YORK)A Deutsche Bank analyst on Wednesday cut his ratings for a trio of auto suppliers, citing reduced U.S. automotive production expectations for this year and next.READ MORE
(NEW YORK)The continued decline in North American automotive production is expected to weigh heavily on the second-quarter results of auto suppliers, especially those heavily dependent on li...READ MORE
(NEW YORK)Shares of U.S. automakers soared Wednesday as investors took comfort in GM's announcement that it was slashing its work force and production and suspending its dividend in an effor...READ MORE
(NEW YORK)Shares of American Axle & Manufacturing Holdings Inc. tumbled Tuesday on worries about the effects that new light truck capacity cuts at No. 1 customer General Motors Corp. will ha...READ MORE
(NEW YORK)Shares of several auto suppliers tumbled to 52-week lows Tuesday, after General Motors Corp. announced further light truck production cuts as part of a plan designed to help the st...READ MORE
(DETROIT)Auto supplier American Axle and Manufacturing Holdings Inc. said Wednesday it plans to eliminate between 300 and 350 U.S. salaried jobs because of slumping auto sales.READ MORE