US Market News
5月前
Dauch to Announce Fourth Quarter Financial Results on February 13thFebruary 6, 2026 8:00 AM
PR Newswire (US)
DETROIT, Feb. 6, 2026 /PRNewswire/ -- Dauch Corporation, (NYSE: DCH, LSE: DCH), formerly known as American Axle & Manufacturing, Inc, will hold a conference call to discuss fourth quarter financial results and other related matters at 10:00 a.m. ET on Friday, February 13, 2026. A press release announcing the results will be issued before the market opens on the same day and will be available at www.dauch.com.
To participate by phone, please dial:(877) 883-0383 from the United States
(412) 902-6506 from outside the United StatesCallers should reference access code 1164659.To participate by live audio webcast or listen to the briefing following the call, visit www.dauch.com. A replay will be available one hour after the call is complete until February 20, 2026. To listen to the replay please dial:(855) 669-9658 from the United States
(412) 317-0088 from outside the United StatesWhen prompted, callers should enter replay access code 5771070. The audio replay will also be archived on Dauch's website for one year.About Dauch
Dauch Corporation is a premier Driveline and Metal Forming supplier serving the global automotive industry with a powertrain-agnostic product portfolio that supports electric, hybrid, and internal combustion vehicles. The company is headquartered in Detroit, MI, with operations that span 24 countries and more than 175 locations. Visit www.dauch.com to learn more.Contacts:
David H. Lim, Head of Investor Relations
+1 (313) 758-2006
David.lim@aam.comChristopher M. Son, Vice President, Marketing & Communications
+1 (313) 758-4814
Chris.son@aam.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/dauch-to-announce-fourth-quarter-financial-results-on-february-13th-302680769.htmlSOURCE Dauch Corporation
Original: Dauch to Announce Fourth Quarter Financial Results on February 13th
US Market News
5月前
Dauch Corporation Completes Acquisition of Dowlais Group plcFebruary 3, 2026 7:00 AM
PR Newswire (US)
DETROIT, Feb. 3, 2026 /PRNewswire/ -- Dauch Corporation (Dauch), (NYSE: AXL) today announced it has completed its previously announced acquisition of Dowlais Group plc (Dowlais) and its subsidiaries – GKN Automotive and GKN Powder Metallurgy.
"This is a defining and transformational time for both companies," said David C. Dauch, Chairman and Chief Executive Officer. "By uniting the capabilities of both organizations under one brand, we're creating a premier Driveline and Metal Forming supplier serving the global automotive industry that is built to perform—one positioned to meet today's demands and lead into the next era of propulsion."With the completion of the transaction, trading in Dowlais shares was suspended at 7:30 a.m. GMT on February 3, 2026. The Dowlais shares will be delisted from the London Stock Exchange effective as of February 4, 2026, at 8:00 a.m. GMT.The combined company will operate under one unified brand: the Dauch Corporation. Dauch brings together two organizations with deep engineering roots, global manufacturing capability, and a shared entrepreneurial spirit. To mark the completion of the acquisition, the company introduced its brand platform, Built to Perform, underscoring Dauch's commitment to engineering excellence, operational discipline, and long-term value creation. This platform reflects not only the company's heritage but the expectations of its global customers who rely on Dauch for consistency, reliability, quality and performance.Governance and LeadershipAs previously announced, the combined company will be headquartered in Detroit, MI and will be led by David C. Dauch as Chairman and CEO. Dauch's Board of Directors will be expanded to include two independent directors of Dowlais, Simon Mackenzie Smith and Fiona MacAulay effective February 5, 2026.Reporting to Mr. Dauch are the following executives:Michael J. Lynch – President DrivelineMarkus Bannert – President Metal FormingChristopher J. May – Executive Vice President & Chief Financial OfficerTerri M. Kemp – Senior Vice President Chief of Staff & SustainabilityMatthew Girlando – Vice President Strategy & Business DevelopmentRenee McLeod – Vice President Human ResourcesChristopher M. Son – Vice President Marketing & CommunicationsKristen Netschke – Acting General CounselBusiness Operations Driveline Operations will have the following executives reporting to Mr. Lynch:Tolga Oal, President Axles SystemsMark Gabriel, President Sideshafts / Propshafts / ePowertrainMetal Forming Operations will have the following executives reporting to Mr. Bannert:Jake Stiteler, President ForgingsJean-Marc Durbuis, President Powder MetallurgyAbout DauchDauch Corporation is a premier Driveline and Metal Forming supplier serving the global automotive industry with a powertrain-agnostic product portfolio that supports electric, hybrid, and internal combustion vehicles. The company is headquartered in Detroit, MI, with operations that span 24 countries and more than 175 locations. Visit www.dauch.com to learn more.Contacts:Christopher M. Son, Vice President, Marketing & Communications
+1 (313) 758-4814
Chris.son @brucefla
David.lim@aam.com Forward-looking statementsIn this announcement, Dauch makes statements concerning its expectations, beliefs, plans, objectives, goals, strategies, and future events or performance, including, but not limited to, certain statements related to the ability of Dauch and Dowlais Group plc ("Dowlais") to consummate Dauch's business combination with Dowlais (the "Business Combination") in a timely manner or at all, the closing the Business Combination and the regulatory approval process. Such statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to trends and events that may affect Dauch's or the combined company's future financial position and operating results. The terms such as "will," "may," "could," "would," "plan," "believe," "expect," "anticipate," "intend," "project," "target," and similar words or expressions, as well as statements in future tense, are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risks and uncertainties related to Dauch include factors detailed in the reports Dauch files with the United States Securities and Exchange Commission (the "SEC"), including those described under "Risk Factors" in its most recent Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this communication. Dauch expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
View original content to download multimedia:https://www.prnewswire.com/news-releases/dauch-corporation-completes-acquisition-of-dowlais-group-plc-302676855.htmlSOURCE Dauch Corporation
Original: Dauch Corporation Completes Acquisition of Dowlais Group plc
US Market News
5月前
RECOMMENDED CASH AND SHARE COMBINATION OF DOWLAIS GROUP PLC ("DOWLAIS") WITH DAUCH CORPORATION ("DAUCH")January 30, 2026 9:15 AM
PR Newswire (US)
Combination Update: Court Sanction of Scheme of Arrangement and Publication of ProspectusDETROIT, Jan. 30, 2026 /PRNewswire/ -- Dauch (NYSE: AXL) and Dowlais are pleased to announce that the Court has issued the Court Order sanctioning the Scheme. As a result, the Scheme will become effective on delivery of the Court Order to the Registrar of Companies, which is expected to occur after the Scheme Record Time, being 6:00 p.m. on February 2, 2026.
ProspectusDauch has today published a prospectus (the "Prospectus") approved by the Financial Conduct Authority ("FCA"), in connection with the admission of shares of common stock in the capital of Dauch to the equity shares (international commercial companies secondary listing) category of the Official List of the FCA and to trading on the main market of the London Stock Exchange ("Admission"), as part of the recommended cash and share combination between Dauch and Dowlais Group plc (the "Combination").There has been no material change to the expected timetable of principal events for the Combination, as a result, the Scheme is expected to become effective on February 3, 2026.About Dauch Corporation
As a leading global Tier 1 Automotive Supplier, Dauch designs, engineers and manufactures Driveline and Metal Forming technologies to support electric, hybrid and internal combustion vehicles. Headquartered in Detroit, MI, with nearly 75 facilities in 15 countries, Dauch is bringing the future faster for a safer and more sustainable tomorrow.Contacts:Christopher M. Son, Vice President, Marketing & Communications
+1 (313) 758-4814
Chris.son @brucefla
David.lim@aam.comForward-looking statementsIn this announcement, Dauch makes statements concerning its expectations, beliefs, plans, objectives, goals, strategies, and future events or performance, including, but not limited to, certain statements related to the ability of Dauch and Dowlais Group plc ("Dowlais") to consummate Dauch's business combination with Dowlais (the "Business Combination") in a timely manner or at all, the closing the Business Combination and the regulatory approval process. Such statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to trends and events that may affect Dauch's or the combined company's future financial position and operating results. The terms such as "will," "may," "could," "would," "plan," "believe," "expect," "anticipate," "intend," "project," "target," and similar words or expressions, as well as statements in future tense, are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risks and uncertainties related to Dauch include factors detailed in the reports Dauch files with the United States Securities and Exchange Commission (the "SEC"), including those described under "Risk Factors" in its most recent Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this communication. Dauch expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
View original content to download multimedia:https://www.prnewswire.com/news-releases/recommended-cash-and-share-combination-of-dowlais-group-plc-dowlais-with-dauch-corporation-dauch-302674630.htmlSOURCE Dauch Corporation
Original: RECOMMENDED CASH AND SHARE COMBINATION OF DOWLAIS GROUP PLC ("DOWLAIS") WITH DAUCH CORPORATION ("DAUCH")
US Market News
5月前
AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. TO BECOME "DAUCH CORPORATION" AND TRADE ON NYSE UNDER NEW TICKER SYMBOL "DCH"January 26, 2026 2:15 PM
PR Newswire (US)
DETROIT, Jan. 26, 2026 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (the "Company") today announced that on January 23, 2026, the Company changed its name to Dauch Corporation ("Dauch") by filing an amendment to its Certificate of Incorporation (the "Amendment") with the Secretary of State of the State of Delaware (the "Name Change"). The Name Change and the Amendment became effective at 12:01 a.m. Eastern Time on January 26, 2026.
As a result of the Name Change, effective February 5, 2026, the Common Stock will cease trading on the New York Stock Exchange under the name American Axle & Manufacturing Holdings, Inc. and under the ticker symbol "AXL" and will begin trading on the New York Stock Exchange under the name Dauch Corporation 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."This is a transformational moment for our company and its stockholders and another visible milestone in our long-term strategy as we prepare for the planned business acquisition of Dowlais Group and its subsidiaries," said David C. Dauch, Chairman and Chief Executive Officer of Dauch Corporation. "The name stands for clarity, confidence, and a commitment to performance with a legacy of leadership that has helped shape engineering and manufacturing. It represents a responsibility to our stakeholders, a dedication to operational excellence, and a willingness to take bold steps as we strive to exceed today's standards and capitalize on tomorrow's potential."The new name and branding will go into effect today with a brand identity rollout that will commence with the completion of the acquisition, which is expected to occur on February 3, 2026.No action is required by the Company's stockholders with respect to the Name Change or the ticker symbol change.About Dauch Corporation
As a leading global Tier 1 Automotive Supplier, Dauch designs, engineers and manufactures Driveline and Metal Forming technologies to support electric, hybrid and internal combustion vehicles. Headquartered in Detroit, MI, with nearly 75 facilities in 15 countries, Dauch is bringing the future faster for a safer and more sustainable tomorrow.Contacts:
Christopher M. Son, Vice President, Marketing & Communications
+1 (313) 758-4814
Chris.son @brucefla
David.lim@aam.comForward-looking statementsIn this announcement, Dauch makes statements concerning its expectations, beliefs, plans, objectives, goals, strategies, and future events or performance, including, but not limited to, certain statements related to the ability of Dauch and Dowlais Group plc ("Dowlais") to consummate Dauch's business combination with Dowlais (the "Business Combination") in a timely manner or at all, the closing the Business Combination and the regulatory approval process. Such statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to trends and events that may affect Dauch's or the combined company's future financial position and operating results. The terms such as "will," "may," "could," "would," "plan," "believe," "expect," "anticipate," "intend," "project," "target," and similar words or expressions, as well as statements in future tense, are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risks and uncertainties related to Dauch include factors detailed in the reports Dauch files with the United States Securities and Exchange Commission (the "SEC"), including those described under "Risk Factors" in its most recent Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this communication. Dauch expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
View original content to download multimedia:https://www.prnewswire.com/news-releases/american-axle--manufacturing-holdings-inc-to-become-dauch-corporation-and-trade-on-nyse-under-new-ticker-symbol-dch-302669612.htmlSOURCE American Axle & Manufacturing Holdings, Inc.
Original: AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. TO BECOME "DAUCH CORPORATION" AND TRADE ON NYSE UNDER NEW TICKER SYMBOL "DCH"
1center
11年前
$AXL American Axle & Manufacturing. Strong #AUTO SALES update
$GM $FCAU $F ..http://www.aam.com/ #stocks
Auto Makers Report Strong U.S. Sales -- 3rd UpdateFont size: A | A | A
11:24 AM ET 8/3/15 | Dow Jones
By Mike Ramsey And Chelsey Dulaney
U.S. auto sales continued their strong pace in July as the appetite for trucks and sport-utility vehicles overcame the fading popularity of fuel-efficient cars.
The auto industry is on pace to break 17 million vehicle sales for the year, the strongest level in more than a decade, as continued low fuel prices, low interest rates and an old fleet of vehicles on the road have combined to power the market for new cars into a long expansion that began in 2009.
With the national average for fuel prices at $2.65 per gallon of regular gasoline, down nearly $1 from a year ago, consumers are snapping up pickup trucks and SUVs.
General Motors Co., the largest U.S. auto maker, posted a 6.4% sales increase and Ford Motor Co. rose 4.9% in the month. Fiat Chrysler Automobiles said sales rose 6.2%, Nissan Motor Co. jumped 7.8% and Honda Motor Co. said sales rose 7.7%. Toyota Motor Corp. said sales rose less 1% off of a strong July 2014.
The six largest auto makers, which account for about 70% of the market, had a sales increase of 5.3% to 1,167,647 for July, as other companies continue to report sales throughout the day.
Purchases of light trucks, which are generally more expensive than cars, drove up transaction prices 2.6% to a $33,453, according to car purchase researcher Kelley Blue Book.
The thirst for larger vehicles has been good to the auto industry. Auto makers, both foreign and domestic, are reporting very strong second-quarter profits, built largely on results from North America. Trucks and SUVs tend to produce higher profit margins than cars. Through six months of 2015, light trucks have made up more than 50% of new car sales and the percentage is rising. The market share of pickups rose to 12.3% of the industry, up a full percentage point compared with a year ago, while midsize cars fell to 13%, down a point, according to Ford.
Demand for fuel efficient vehicles is spiraling down. Ford said sales of its C-Max hybrid plunged 36% in July and its subcompact Fiesta fell 27%. Production at its Wayne, Mich.-assembly plant where the C-Max is built, stands at 79% of its capacity, according to Wards Auto, while many of Ford's other plants, which make SUVs and trucks, are running 24 hours a day.
At FCA, trucks and SUVs made up 79% of its sales. Nissan said sales of its Leaf electric car plunged 61% in July and the compact Versa also fell 36%. GM's plug-in hybrid Volt fell 35% in the month.
Through June 2015, the market share in the U.S. for hybrid electric cars, like the Toyota Prius and C-Max and electric vehicles, like the Leaf, was 2.8% of industry sales. That is down from 3.6% through the same period in 2014. Volumes of those vehicles fell 22% while the overall industry rose, according to researcher Edmunds.com.
Auto makers have been selling cars to rental car fleets to blunt the effects of the drop in demand by consumers and the intense competition in a segment loaded with good options.
For example, Ford's sales of its Fusion sedan rose 5% in July to 25,105, attributed by Ford to higher sales to fleet customers and lower retail sales at dealerships.
"We think it is a market share battle in the passenger-car market for us, " Ford's U.S. sales chief Mark LaNeve said. "But we're doing reasonably well. Our Asian competition has been very strong. They're looking to protect their volumes. We've seen increased incentive spending from them, as well as higher inventories."
Christina Rogers contributed to this article.
Write to Mike Ramsey at michael.ramsey@wsj.com and Chelsey Dulaney at Chelsey.Dulaney@wsj.com
> Dow Jones Newswires
August 03, 2015 11:24 ET (15:24 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
1center
11年前
$AXL $GM US sales up 6%...AAM Selected as Target Supplier of Axles and Driveshafts for GM's Next Generation Full Size Truck ProgramFont size: A | A | A
8:02 AM ET 7/31/15 | PR Newswire
American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced that it has been selected as target supplier to provide axles and driveshafts for GM's next generation full size truck program under GM's Strategic Sourcing Process (SSP).
A key objective of the SSP is to involve critical suppliers earlier in the process of designing and developing future vehicle programs. Pending final design direction and completion of the sourcing process, AAM expects to retain approximately 75% of the sales content provided to GM for the current full size truck program.
AAM expects to provide approximately 75% of the light-duty axles, 100% of the heavy-duty axles and 100% of the rear steel driveshafts for GM's next generation full size truck program. AAM does not expect to provide the aluminum driveshafts, front auxiliary driveshafts and steering linkages for GM's next generation full size truck program.
"With the strategic sourcing of multi-generations of this program now clarified, AAM is pleased to reaffirm our long-term partnership with GM," said AAM's Chairman, President & Chief Executive Officer, David C. Dauch. "AAM's innovative product, process and systems technology, as well as our cost-competitive global manufacturing, engineering and sourcing footprint, provides a compelling value proposition to all of our customers, including GM."
"With the direction of a core program of AAM's business now solidified for many years to come, we will continue to focus on leveraging our long-term commitment to quality, technology leadership and operational excellence to drive profitable growth and business diversification."
AAM is a world leader in the manufacture, engineering, design and validation of driveline and drivetrain systems and related components and modules, chassis systems, electric drive systems and metal-formed products for light trucks, sport utility vehicles, passenger cars, crossover vehicles and commercial vehicles. In addition to locations in the United States (Michigan, Ohio, Pennsylvania and Indiana), AAM also has offices or facilities in Brazil, China, Germany, India, Japan, Luxembourg, Mexico, Poland, Scotland, South Korea, Sweden and Thailand.
Hostile Takeover
15年前
Shares of Autoliv Rank the Highest in terms of Relative Performance in the Auto Parts & Equipment Industry (ALV, AXL, TRW, TEN, JCI)
3 days 5 hours 41 minutes ago - Comtex SmarTrend(R) via Comtex
Comtex SmarTrend(R)
Below are the top five companies in the Auto Parts & Equipment industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.
Autoliv (NYSE:ALV) ranks first with a gain of 2.65%; American Axle & Manufacturing (NYSE:AXL) ranks second with a gain of 2.39%; and TRW Automotive (NYSE:TRW) ranks third with a gain of 1.77%.
Tenneco (NYSE:TEN) follows with a gain of 1.51% and Johnson Controls (NYSE:JCI) rounds out the top five with a gain of 1.36%.
Autoliv, Inc. develops and manufactures automotive safety systems for automotive manufacturers. The Company's products include seat belts, airbags, anti-whiplash seats, child restraints, and leg protection equipment. Autoliv tests cars and products at crash test tracks in several countries.
Write to Chip Brian at cbrian@mysmartrend.com
Hostile Takeover
15年前
Our fundamental outlook for the auto parts and
equipment sub-industry is positive, reflecting our
expectations for rising demand in the U.S. and
abroad, partly offset by increased raw material and
oil and gasoline prices and other operational
challenges.We believe profits in 2011 should benefit
from the higher U.S. and international vehicle
production. Some parts makers may be impacted by
production reductions in the second and third
quarters due to the Japan crisis.
We estimate an increase of 12.9% to 13.0 million
units in U.S. light vehicle sales for 2011 as well as
gains in most other regions. Rising prosperity in
emerging markets, led by China, should drive global
demand growth, partly offset by weaker
post-scrappage program European demand. While
U.S. demand will likely remain low by historical
standards, overall, we think higher volume in the
U.S. and abroad versus 2010 will help corporate
profits and cash flows. Positive factors we see in
the U.S. for 2011 include higher employment and
increased consumer confidence, pent-up consumer
and business demand and improving access to
credit for consumers. Cost cutting should also help
margins. However, rising gasoline prices could hurt
sales volume and vehicle sales mix. Also higher raw
material costs could pressure profit margins.
We forecast higher global vehicle production in
2011, with production trends varying by country. U.S.
new light vehicle production should increase.We
also project higher production in Asia, excluding
Japan, and expect improved U.S. automotive
replacement parts market demand.We think
demand for new commercial (heavy) trucks will rise
in 2011.
Many auto parts suppliers are increasing their
proportion of business done outside the U.S.
Emerging markets are becoming more attractive to
parts manufacturers due to lower labor costs for
manufacturing and engineering and/or due to
growing demand in local and regional markets.
Year to date through May 6, the S&P Auto Parts &
Equipment Index rose 4.3% versus a 6.8% gain for
the S&P 1500 Index. In 2010, the sub-industry index
surged 53.9% versus a 14.2% increase for the S&P
1500.
--Efraim Levy, CFA
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