As 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: Business Operations Driveline Operations will have the following executives reporting to Mr. Lynch: Metal Forming Operations will have the following executives ...

Combination Update: Court Sanction of Scheme of Arrangement and Publication of Prospectus DETROIT, 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. Prospectus Dauch has today published a prospectus (the "Pros ...

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, ...

Core Insights - American Axle & Manufacturing (AXL) has received regulatory approval from China for its $1.44 billion acquisition of Dowlais Group, which owns GKN Automotive, with the deal expected to close in Q1 2026, pending further approvals [1][10] Group 1: Acquisition Details - The acquisition will result in a combined entity under American Axle's leadership, expanding its product range and global presence, with a focus on electric vehicle technology [2][3] - AXL shareholders will own approximately 51% of the combined company, while Dowlais shareholders will hold about 49% and receive cash plus shares [5][10] Group 2: Regulatory Approval - China's State Administration for Market Regulation (SAMR) granted approval with conditions to protect competition, focusing on fair supply terms and pricing practices in the Chinese market [6][7][10] - The approval requires American Axle and Dowlais to honor existing supply contracts and avoid unfair pricing practices to ensure that Chinese automakers are not adversely affected by the merger [7][10] Group 3: Industry Context - The acquisition occurs amid significant changes in the global auto industry, with a strong emphasis on investments in electric and hybrid vehicle technologies [3][4] - The merger aims to create a larger, more diversified global auto parts supplier, enhancing financial strength and innovation capabilities to meet evolving customer demands [4]

Core Viewpoint - The Chinese National Market Regulatory Administration has conditionally approved the acquisition of Doleis Group by American Axle Manufacturing Holdings, emphasizing the importance of fair competition and stable supply in the automotive transmission system market [1] Group 1: Acquisition Details - The acquisition involves a significant player in the global automotive transmission system products market, which is crucial for ensuring the safe and stable operation of vehicles [1] - American Axle, established in 1998 in the U.S., focuses on the production and sales of transmission system products and other automotive components [1] - Doleis, founded in 2023 in the U.K., primarily produces automotive transmission systems, sintered metal products, and metal powders [1] Group 2: Regulatory Conditions - The approval includes four commitments from American Axle and Doleis: fair and non-discriminatory supply, provision of development opportunities, adherence to contracts, and stable pricing [1] - These commitments aim to ensure reasonable pricing and stable supply of high-performance automotive components, protecting the interests of downstream customers and consumers [1] - The regulatory review considered the potential impact of the transaction on competition in China's automotive power transmission unit and rear-drive module markets [1]

Group 1 - The Chinese market regulator has approved American Axle & Manufacturing's acquisition of Dowlais Group, which owns GKN Automotive, indicating a positive regulatory stance towards the deal [1] - The approval suggests that the regulator has thoroughly evaluated the potential impacts of the acquisition on the market [1]

Core Viewpoint - The National Market Regulation Administration of China has approved the acquisition of shares in Dole Group Public Limited by American Axle Manufacturing Holdings, Inc. with additional restrictive conditions to ensure fair competition in the automotive transmission system market [1] Group 1: Acquisition Details - The acquisition involves a major global supplier of automotive transmission system products, which are crucial for ensuring the safe and stable operation of vehicles [1] - The approval includes commitments from American Axle and Dole to provide fair, reasonable, and non-discriminatory supply, development opportunities, continued performance, stable pricing, and not to refuse reasonable renewal requests [1] Group 2: Market Impact - The regulatory review considered the potential impact of the transaction on competition within China's automotive power transmission unit market and rear-drive module market [1] - The commitments made by the companies are expected to contribute to reasonable pricing and stable supply of high-performance automotive components, thereby protecting the interests of downstream customers and consumers [1]

Group 1 - American Axle & Manufacturing (AXL) shares increased by 9.8% to close at $7.05, with notable trading volume compared to typical sessions, and a 4.7% gain over the past four weeks [1][2] - The company's driveline segment is performing strongly, supporting margins, and recent contract wins in both electric and internal combustion engine markets position American Axle to defend and potentially expand consolidated margins [2] - The upcoming quarterly report is expected to show a loss of $0.12 per share, a year-over-year change of -100%, while revenues are projected at $1.41 billion, reflecting a 2.1% increase from the previous year [3] Group 2 - The consensus EPS estimate for American Axle has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [4] - American Axle holds a Zacks Rank of 3 (Hold), indicating a neutral outlook within the Zacks Automotive - Original Equipment industry [5] - Another company in the same industry, Hyliion Holdings Corp. (HYLN), also holds a Zacks Rank of 3 (Hold), with a consensus EPS estimate of -$0.08 remaining unchanged [6]

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