American Axle & Manufacturing Holdings (AXL)

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See all Bulls Reasons Bulls: Reasons To Buy Union problems in AXL 100% agree Union problems in AXL American Axle & Manufacturing Holdings Inc., Visteon Corp. and ArvinMeritor Inc. are either closing plants, buying out workers or researching plans to offload health-care costs to halt financial erosion in the U.S. in 2008. Meanwhile, these... read more View or Edit Reason 2 votes 100% agree Bears: Reasons To Sell Feeling Bearish? Be the first to explain why this would make a poor investment Send the authors a comment or suggestion Be the first to make a suggestion See All Suggestions

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American Axle & Manufacturing Holdings, Inc., (AXL), is a leading supplier of driveline systems, modules, and components for the light vehicle market. The company makes axles, driveshafts, and chassis components for light trucks, sports utility vehicles (SUVs), and passenger cars. The company has a 38% share of the driveshaft market in the U.S. and 11% globally. Driveline systems include components that transfer power from the transmission and deliver it to the drive wheels.

The principal manufacturing facilities of AXL are located in the U.S. (Michigan, New York, and Ohio), Brazil, Mexico, Germany, India, Japan, and the U.K. Its customers include General Motors (GM), from which the company derives around 76% of its business, Ford, and Daimler Chrysler. The U.S. market alone accounts for about 69% of annual revenue. Among the company's diverse products, rear and front axles, as well as driveshafts contribute about 85% to annual sales, while chassis components, forged products, and others generate the remaining 15%.

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