American Axle plans secondary London listing after acquiring Dowlais for $1.4 billion

From Yahoo Finance: 2025-05-16 02:25:00

American Axle and Manufacturing plans to seek a secondary listing of its shares in London after acquiring Dowlais for $1.4 billion. The deal aims to benefit from greater scale in the auto industry amidst volatile demand for electric vehicles and economic uncertainties. Regulatory filings are progressing as planned. Trump’s 25% tariff on imported cars has been partially rolled back to give automakers a two-year window to increase domestic components. ($1 = 0.7509 pounds)



Read more at Yahoo Finance: American Axle plans secondary London listing after GKN Automotive deal