AAM Announces Sale of Commercial Vehicle Axle Business in India
American Axle & Manufacturing Holdings has sold this business to Bharat Forge Limited, for a purchase price of $65 million.
Bharat Forge to acquire axle maker AAM India for Rs 544.5 crore
Kalyani emphasised that this move aligns with Bharat Forge's broader strategy to diversify its offerings in vehicle components and enter a new product segment
American Axle to Sell India Commercial-Vehicle Axle Business to Bharat Forge
American Axle & Manufacturing Holdings has struck a deal to sell its commercial-vehicle axle business and related assets in India to Bharat Forge for $65 million. American Axle on Thursday said the business,
American Axle To Sell AAM India Manufacturing To Bharat Forge For $65 Mln
Thursday announced a definitive agreement to sell its AAM India Manufacturing Corp. Pvt., Ltd., the commercial vehicle axle business and related assets in India to Bharat Forge Ltd. for $65 million. The global Tier 1 automotive and mobility supplier said the sale includes AAM's manufacturing facilities in Pune and Chennai,
American Axle sells assets in India to Bharat Forge
AAM is focusing its growth on combustion, hybrid and fully electric passenger vehicles, divesting its commercial axle business in India.
Bharat Forge To Acquire AAM India Manufacturing Corporation
Bharat Forge Limited said it plans to acquire AAM India Manufacturing Corporation Private Limited (AAMIMCPL), a key player in the manufacturing of axles for commercial vehicles in India. What Happened: Bharat Forge Limited on Thursday signed a share purchase agreement (SPA) to acquire 100% shareholding in AAMIMCPL.
Automotive Industry Veteran David C. Dauch Joins REV Group’s Board of Directors
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Bharat Forge to acquire AAM India Manufacturing for ₹544 Crore
AAM India Manufacturing Corporation manufactures axles for light, medium, and heavy-duty commercial trucks and passenger ...
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$3 million gift lays cornerstone for Purdue's new alumni center
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David Dauch joins REV Group board with automotive expertise
Dauch as an independent member of its Board of Directors, effective last Friday. Dauch, who is the Chairman of the Board & Chief Executive Officer of American Axle (NYSE:AXL) & Manufacturing ...