American Axle sees profitable '09
Sep 15 - American Axle says it has adequate working capital and good liquidity.
American Axle says that despite the global slowdown facing automakers it has "adequate working capital and good liquidity." CEO Dick Dauch, speaking at the 2008 Reuters Autos Summit in Detroit on Monday, says the auto parts maker is in a good position to return to profitability in 2009. Dauch says American Axle has been successful at diversifying its customer base to include Chrysler, VW, Nissan, Brilliance and Chery.
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