International Business News - AXL http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif 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 Wednesday. http://www.ibtimes.com/articles/20080723/ap-source-over-2-000-workers-taking-axle-buyouts.htm Wed, 23 Jul 2008 18:23:41 EDT 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. http://www.ibtimes.com/articles/20080723/analyst-cuts-ratings-for-trio-of-auto-suppliers.htm Wed, 23 Jul 2008 10:27:28 EDT 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 light truck production at the U.S.-based automakers. http://www.ibtimes.com/articles/20080722/earnings-preview-auto-suppliers.htm Tue, 22 Jul 2008 15:24:58 EDT 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 effort to stay afloat in an increasingly difficult market. http://www.ibtimes.com/articles/20080716/auto-stocks-rise-sharply-following-gm-cuts.htm Wed, 16 Jul 2008 18:20:46 EDT 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 have on the auto supplier's sales down the road. http://www.ibtimes.com/articles/20080715/american-axle-shares-tumble-on-news-of-gm-cuts.htm Tue, 15 Jul 2008 19:41:33 EDT 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 struggling automaker ride out the continued downturn in the automotive industry. http://www.ibtimes.com/articles/20080715/sector-snap-auto-suppliers-shares-fall-on-gm-cuts.htm Tue, 15 Jul 2008 12:08:23 EDT 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. http://www.ibtimes.com/articles/20080709/american-axle-to-shed-up-to-350-salaried-workers.htm Wed, 09 Jul 2008 17:06:34 EDT Canadian Auto Workers President Buzz Hargrove, who fought to retain Canadian workers' high wages even as the country lost thousands of auto jobs, announced his retirement Tuesday. http://www.ibtimes.com/data/articleimgs/88175-caw-hargrove.jpg http://www.ibtimes.com/articles/20080708/caws-hargrove-retires-union-to-name-successor.htm http://www.ibtimes.com/articles/20080708/caws-hargrove-retires-union-to-name-successor.htm Tue, 08 Jul 2008 18:03:23 EDT Fitch Ratings on Monday cut its noninvestment-grade issuer default and outstanding debt ratings for American Axle & Manufacturing Inc. to "BB-" from "BB," citing the effects of declining light-truck production. http://www.ibtimes.com/articles/20080630/fitch-cuts-american-axle-rating.htm Mon, 30 Jun 2008 15:40:33 EDT Shares of many auto suppliers tumbled Monday, as both General Motors Corp. and Ford Motor Co. both hit historical lows a day before the release of what's expected to be weak June sales figures. http://www.ibtimes.com/articles/20080630/auto-suppliers-fall-ahead-release-of-june-sales.htm Mon, 30 Jun 2008 13:04:27 EDT Shares of American Axle & Manufacturing Holdings Inc. touched a record low on Friday after Moody's Investors Service cut the auto parts maker's credit rating. http://www.ibtimes.com/articles/20080627/american-axle-shares-dip-to-all-time-low.htm Fri, 27 Jun 2008 17:08:03 EDT Shares of many automotive suppliers tumbled to record lows Thursday as worries grew that things could get even worse for the U.S. automotive industry down the road. http://www.ibtimes.com/articles/20080626/sector-snap-auto-suppliers-fall.htm Thu, 26 Jun 2008 11:49:48 EDT Among the stock activity stories for Wednesday, June 25, from AP Financial News: NEW YORK (AP)--Shares of Williams Cos. touched a seven-year high on Wednesday after the oil and natural gas producer and transporter raised its profit outlook for the next two years, predicting higher natural gas prices. http://www.ibtimes.com/articles/20080625/movers-roundup-williams-monaco-coach.htm Wed, 25 Jun 2008 17:30:41 EDT Shares of American Axle & Manufacturing Holdings Inc. rose Wednesday, reversing eight straight days of losses that came on worries about the health of the U.S.-based automakers and cuts in light truck production. http://www.ibtimes.com/articles/20080625/american-axle-shares-rise-reverse-skid.htm Wed, 25 Jun 2008 15:31:20 EDT Shares of American Axle & Manufacturing Holdings Inc. continued their slide Tuesday, on worries about the effects of production cuts at U.S.-based automakers and a shift in consumer demand away from pickup trucks and sport utility vehicles. http://www.ibtimes.com/articles/20080624/american-axle-shares-continue-to-fall.htm Tue, 24 Jun 2008 13:04:56 EDT Among the stock activity stories for Thursday, June 19, from AP Financial News: NEW YORK (AP)--Shares of Tyson Foods Inc. regained some ground on Thursday, one day after a credit rating agency cut the meat producer's bonds to junk bond status, sparking a sharp drop in stock price. http://www.ibtimes.com/articles/20080619/movers-roundup-tyson-foods-american-axle.htm Thu, 19 Jun 2008 14:25:30 EDT Shares of American Axle & Manufacturing Holdings Inc. tumbled Thursday on worries that the effects of the continued decline in pickup and sport utility demand on the company may be worse than previously thought. http://www.ibtimes.com/articles/20080619/american-axle-shares-fall-on-production-worries.htm Thu, 19 Jun 2008 13:36:23 EDT General Motors Corp. will furlough entire shifts of workers at some truck factories and may move them to nearby car plants as it restructures to adjust to a rapidly changing U.S. market brought on by $4 per gallon gasoline. http://www.ibtimes.com/data/articleimgs/58206-gm-restructuring.jpg http://www.ibtimes.com/articles/20080530/gm-may-reassign-workers-from-trucks-to-cars.htm http://www.ibtimes.com/articles/20080530/gm-may-reassign-workers-from-trucks-to-cars.htm Fri, 30 May 2008 05:21:03 EDT Shares of American Axle and Manufacturing Holdings Inc. jumped Thursday, a day after the auto parts maker said it will save about $300 million per year with planned plant closures and significant job cuts. http://www.ibtimes.com/articles/20080529/american-axle-up-on-better-than-expected-savings.htm Thu, 29 May 2008 17:46:17 EDT Auto parts supplier American Axle & Manufacturing Inc. on Thursday promoted Executive Vice President and Chief Operating Officer David C. Dauch to president, effective Sunday. http://www.ibtimes.com/articles/20080529/american-axle-promotes-david-dauch-to-president.htm Thu, 29 May 2008 13:19:22 EDT