American Axle Teetering On Verge Of Ch. 11: Report
The Detroit-based maker of drivelines, powertrains and chassis for light cars and trucks could be looking at a Chapter 11 filing within the next 12 months as slumping sales eat into its existing cash reserves, the report written by KDP analyst Kip Penniman said.
“At today's projected rate of capacity utilization, despite management's efforts to remain upbeat at recent conferences,...
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