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AXL News
AXL Events
American Axle & Manufacturing Renamed to Dauch Corporation
American Axle & Manufacturing (AXL) announced that on January 23, the company changed its name to "Dauch Corporation" by filing an amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware. The Name Change and the Amendment became effective at 12:01 a.m. Eastern Time on January 26. As a result of the Name Change, effective February 5, the Common Stock will cease trading on the New York Stock Exchange under the name American Axle & Manufacturing Holdings and under the ticker symbol "AXL" and will begin trading on the New York Stock Exchange under the name Dauch Corporation (DCH) and under new ticker symbol, "DCH". The CUSIP of the company's common stock will not change in connection with the Name Change or the ticker symbol change. Following the Name Change, existing stock certificates, which reflect the former name of the company, will continue to be valid unless and until such certificates are exchanged for new stock certificates reflecting the new name of the company. The new name and branding will go into effect January 26 with a brand identity rollout that will commence with the completion of the acquisition, which is expected to occur on February 3.
American Axle Revises FY25 Revenue Forecast to $5.8B-$5.9B, Down from $5.75B-$5.95B
FY25 consensus $5.86B. AAM is targeting Adjusted EBITDA in the range of $710M-$745M vs. $695M-$745M prior. AAM is targeting Adjusted free cash flow in the range of $180M-$210M vs. $175M-$215M prior; this target assumes capital spending of approximately 5% of sales.
American Axle Announces Q3 Adjusted EPS of 16 Cents, Exceeding Consensus of 12 Cents
Reports Q3 revenue $1.51B, consensus $1.53B. "AAM delivered strong year-over-year margin growth driven by performance," said AAM's Chairman and Chief Executive Officer, David Dauch. "Furthermore, we continue to make great progress to close our combination with Dowlais, positioning us well for a bright future as a premier global driveline and metal forming supplier with significant size, scale, and value creation potential."
European Commission Approves Merger of American Axle and Dowlais
American Axle & Manufacturing Holdings and Dowlais are pleased to announce that the European Commission has unconditionally cleared the combination. The European Commission's clearance decision was issued on October 1, meaning that the EU Antitrust Condition has been satisfied. The Combination has now been cleared (including by way of the expiration of applicable waiting periods and/or confirmation of no further questions), and the related conditions to the Combination satisfied, under antitrust laws in seven of the ten required jurisdictions where antitrust filings were made, namely the USA, India, UK, Korea, Taiwan, Turkey and, now, the EU. The clearances that remain outstanding under antitrust laws are Brazil, Mexico and China. Clearance in Brazil is expected in early November 2025, following a favourable opinion issued by the General Superintendent of the Conselho Administrativo de Defesa Economica on October 17, 2025, and publication on October 21. Clearance in Mexico is also expected in the fourth quarter of 2025. In China, the parties are actively engaging with the State Administration for Market Regulation with respect to its review of the Combination and remain highly confident of obtaining antitrust clearance for the Combination from SAMR, with clearance expected in late 2025 or early 2026. Based on the progress to date, it's expected that the combination will close in the first quarter of 2026. Additionally, in the Scheme Document, AAM stated its intention to invite Roberto Fioroni (Chief Financial Officer, Dowlais), Markus Bannert (Chief Executive Officer, GKN Automotive), and Jean-Marc Durbuis (Chief Executive Officer, GKN Powder Metallurgy) to join existing AAM executives as part of the senior executive management team of the Combined Group, in roles to be confirmed. Following discussions with Fioroni, he has indicated that he wishes to pursue other opportunities.
American Axle narrows FY25 revenue view to $5.75B-$5.95B from $5.65B-$5.95B
FY25 consensus $5.83B. AAM is targeting Adjusted EBITDA in the range of $695M-$745M vs. $665M-$745M prior. AAM is targeting Adjusted free cash flow in the range of $175M-$215M vs. $165M-$215M prior; this target assumes capital spending of approximately 5% of sales. These targets are based on the following assumptions for 2025: North American light vehicle production of approximately 14.6-15.1M units. AAM's production estimates of key programs that we support. Excludes costs and expenses associated with the announced combination with Dowlais. Reflects AAM on a stand-alone pre-combination basis only. No changes to USMCA. Mitigation of a majority of incremental tariff costs.
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