Advertisement
American Axle Confirms Not Engaged In Any Discussions To Sell Company
(RTTNews) - Reacting to media speculation regarding the company on Friday, American Axle & Manufacturing Holdings, Inc. or AAM (AXL) said in a statement that we are not engaged in any discussions to sell the company and that we are not otherwise for sale.
The company added it is important to state this despite its long-standing policy to not publicly comment on market rumors and media speculation.
The company noted that, "In the ordinary course of executing on its strategic plan, we continuously monitor market conditions and assess industry developments and we regularly consider strategic opportunities that serve the best interests of the company (including our customers and associates) and its shareholders."
read more
American Axle Boosts FY22 Sales Outlook; Q2 Results Top Estimates
While reporting financial results for the second quarter on Friday, American Axle & Manufacturing Holdings, Inc. or AAM (AXL) raised its sales guidance for the full-year 2022.
RTTNews
|
503 days ago
American Axle & Manufacturing Investing $10 Mln In Global Strategic Mobility
American Axle & Manufacturing Holdings, Inc. (AXL) announced Friday a $10 million investment in the Global Strategic Mobility Fund (GSMF), a venture capital fund managed by EnerTech Capital.
RTTNews
|
789 days ago
American Axle Sees FY23 Sales In Line With View; Q4 Adj. EPS Miss Estimates
While reporting financial results for the fourth quarter on Friday, American Axle & Manufacturing Holdings, Inc. or AAM (AXL) initiated its sales guidance for the full-year 2023.
RTTNews
|
866 days ago
American Axle Trims FY22 Sales Outlook As Q3 Adj. EPS Miss Estimates; Stock Down 16%
While reporting financial results for the third quarter on Friday, American Axle & Manufacturing Holdings, Inc. or AAM (AXL) trimmed its sales guidance for the full-year 2022.
RTTNews
|
971 days ago
Paramount To Pay $16 Mln To Settle Lawsuit By Trump Over Interview With Kamala Harris
Media firm Paramount Global has agreed to pay $16 million to settle a legal dispute with U.S. President Donald Trump, over its '60 Minutes' interview with former Vice President Kamala Harris, reports said. The interview was broadcast on Paramount's affiliated CBS network last year, ahead of the 2024 Presidential election.
RTTNews
|
2h 14min ago
Bay Street Likely To Open With Positive Bias
Canadian shares look set to open with a positive bias on Wednesday, tracking steady European markets and higher crude oil prices. Optimism about Canada and the U.S. striking a trade deal is likely to help underpin sentiment.
RTTNews
|
3h 42min ago
U.S. Private Sector Employment Unexpectedly Decreases In June
Private sector employment in the U.S. unexpectedly decreased in the month of June, according to a report released by payroll processor ADP on Wednesday.
RTTNews
|
3h 51min ago
Yen Falls Amid Risk-on Mood
The Japanese yen weakened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors pondered the prospect of Federal Reserve rate cuts and hoped for a positive resolution on trade discussions ahead of completion of 90-day tariff pause on July 9.
RTTNews
|
4h 19min ago
