The Latest Breaking News from AXL

The auto industry is experiencing robust demand due to rising disposable incomes, rapid growth in new vehicle sales, technological advancements, and the strong uptick in EV interest. Against this backdrop, quality auto stocks such as Volkswagen AG (VWAGY), Gentherm (THRM), and American Axle & Manufacturing Holdings (AXL) could be solid…

The recent United Auto Workers strike has taken its toll on both automakers and the large number of companies that supply them. This temporary bump in the road may provide an opportunity to pick up certain auto related stocks at prices that otherwise wouldn’t be available. American Axle Manufacturing (AXL)…

The S&P 500 is one of the most popular U.S. stock indices and is often what investors and experts are referring to when they mention the "stock market." However, there's more to the market than large-cap stocks.

American Axle & Manufacturing Holdings Inc (NYSE:AXL) reported first-quarter FY22 sales growth of nearly 1% year-on-year to $1.44 billion, beating the consensus of $1.35 billion. The company noted the semiconductor chip shortage unfavorably impacted its Q1 sales. Adjusted EPS of $0.19 beat the analyst consensus of $0.02. The gross profit fell 17.7% Y/Y…

  American Axle & Mfg Hldgs (NYSE:AXL) reported its Q1 earnings results on Friday, May 6, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

Morgan Stanley analyst Adam Jonas upgraded American Axle & Manufacturing Holdings Inc (NYSE:AXL) to Overweight from Underweight with a price target of $16, up from $8, implying a 77% upside. While many other legacy OEMs and suppliers plough cash flow into EV projects that "will likely not generate their cost of capital," Jonas thinks American…

American Axle & Manufacturing Holdings Inc (NYSE:AXL) reported a fourth-quarter FY21 sales decline of 14% year-on-year, to $1.24 billion, missing the analyst consensus of $1.28 billion. The company noted its Q4 sales were unfavorably impacted by the semiconductor chip shortage impacting the automotive industry by $137 million. Adjusted EPS loss of $(0.09) missed…

American Axle & Manufacturing Holdings Inc (NYSE:AXL) has invested $15 million in Autotech Ventures to access new opportunities that support its mission to develop powerful electric drivelines. Autotech Ventures is an early-stage Silicon Valley venture capital firm focused on tech start-ups in the global ground transportation industry.  With over $400 million under management, Autotech…