American Axle to restructure, shrink business without Chapter 11 - ModernCamaro.com - 5th Generation Camaro Enthusiasts
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post #1 of 1 Old 08-06-2009, 03:10 AM Thread Starter
 
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American Axle to restructure, shrink business without Chapter 11

Detroit-based American Axle said Wednesday it plans to restructure without bankruptcy and posted a narrower loss than a year ago. The second-quarter net loss of $288.6 million, or $5.20 a share, declined from $644.3 million, or $11.89, a year earlier, when a three-month union strike crimped revenue and production.


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