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American Axle posts $644.3 million 2nd quarter loss, blames strike
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American Axle: $644 million 2Q loss
American Axle & Manufacturing Holdings Inc. lost $644.3 million, or $12.49 per share, in the second quarter as the Detroit-based auto supplier is reeling from the impact of a 12-week long strike, related restructuring costs and falling demand for trucks and SUVs, for which American Axle supplies parts.
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American Axle & Manufacturing Holdings Inc. lost $644.3 million, or $12.49 per share, in the second quarter as the Detroit-based auto supplier is reeling from the impact of a 12-week long strike, related restructuring costs and falling demand for trucks and SUVs, for which American Axle supplies parts.
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