International Business News - Axle 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 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 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 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 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 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 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 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 American Axle and Manufacturing Holdings Inc. said Wednesday it will cut more than half of its U.S. hourly work force, or 2,000 jobs, through early retirement and buyout offers, plant closures and layoffs. http://www.ibtimes.com/articles/20080528/american-axle-expects-to-cut-2-000-factory-jobs.htm Wed, 28 May 2008 16:53:34 EDT Auto components maker American Axle & Manufacturing Holdings Inc. said Wednesday its order backlog of new and incremental business from 2009 through 2013 now totals $1.4 billion. http://www.ibtimes.com/articles/20080528/american-axle-2009-13-backlog-seen-growing-1-4b.htm Wed, 28 May 2008 09:18:01 EDT Slumping demand for pickup trucks has forced General Motors Corp. to speed up production cuts at two Michigan factories that had been closed due to a strike at a parts supply company. http://www.ibtimes.com/articles/20080527/gm-speeds-cuts-in-pickup-production-at-flint-site.htm Tue, 27 May 2008 16:38:18 EDT An analyst upgraded American Axle & Manufacturing Holdings Inc. late Monday, saying the auto parts maker's recent labor resolution and stock drop makes the shares attractive. http://www.ibtimes.com/articles/20080527/ahead-of-the-bell-analyst-upgrades-american-axle.htm Tue, 27 May 2008 08:02:23 EDT General Motors Corp.'s stock dropped almost 5 percent Friday after the company reported that strikes at some of its own plants and parts supplier American Axle will cost the automaker about $2 billion before taxes in the second quarter. http://www.ibtimes.com/data/articleimgs/54253-american-axle-labor.jpg http://www.ibtimes.com/articles/20080524/gm-strikes-will-cost-it-2-billion-pretax-in-2q.htm http://www.ibtimes.com/articles/20080524/gm-strikes-will-cost-it-2-billion-pretax-in-2q.htm Sat, 24 May 2008 07:25:44 EDT American Axle and Manufacturing Holdings Inc. said Thursday its board declared a regular quarterly dividend of 15 cents. The auto parts maker said the dividend is payable June 27 to shareholders of record June 7. http://www.ibtimes.com/articles/20080523/american-axle-sets-quarterly-dividend-of-15-cents.htm Fri, 23 May 2008 17:17:28 EDT General Motors Corp.'s stock dropped almost 5 percent Friday after the company reported that strikes at some of its own plants and parts supplier American Axle will cost the automaker about $2 billion before taxes in the second quarter. http://www.ibtimes.com/articles/20080523/gm-expects-1-8b-hit-from-american-axle-strike.htm Fri, 23 May 2008 17:26:13 EDT American Axle and Manufacturing Holdings Inc. said Friday it expects production to resume next week after workers overwhelmingly approved a new contract with the auto parts supplier that contains steep pay cuts and other concessions. http://www.ibtimes.com/data/articleimgs/53458-american-axle-labor.jpg http://www.ibtimes.com/articles/20080523/american-axle-workers-vote-to-end-3-month-strike.htm http://www.ibtimes.com/articles/20080523/american-axle-workers-vote-to-end-3-month-strike.htm Fri, 23 May 2008 10:46:15 EDT Workers from the largest union local at American Axle and Manufacturing Holdings Inc. have approved a new contract, ending a nearly three-month-old strike. http://www.ibtimes.com/articles/20080522/american-axle-local-approves-contract-ends-strike.htm Thu, 22 May 2008 22:03:06 EDT Workers at American Axle and Manufacturing Holdings Inc. have voted to end their nearly three-month-old strike, overwhelmingly ratifying a new contract with the company despite steep pay cuts and other concessions. http://www.ibtimes.com/data/articleimgs/53160-american-axle-labor.jpg http://www.ibtimes.com/articles/20080522/american-axle-workers-voting-on-deal-that-could-end-strike.htm http://www.ibtimes.com/articles/20080522/american-axle-workers-voting-on-deal-that-could-end-strike.htm Thu, 22 May 2008 23:25:03 EDT Among the stock activity stories for Tuesday, May 20, from AP Financial News: NEW YORK (AP) _ Shares of American Axle & Manufacturing Holdings Inc. continued to fall for a second straight day Tuesday, as its workers began to vote on a tentative agreement that could end a nearly 12-week-old strike at the auto supplier. http://www.ibtimes.com/articles/20080520/movers-roundup-american-axle-raven-industries.htm Tue, 20 May 2008 14:45:20 EDT