DALLAS, Aug. 21, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring American Axle & Manufacturing Holdings Inc. (NYSE:AXL). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report American Axle & Manufacturing Holdings Inc. (NYSE:AXL) should be of particular interest to comparable companies: Hayz Lemmerz Intl. Inc. (Pink Sheets:HAYZQ), ArvinMeritor Inc. (NYSE:ARM), TRW Automotive Holdings Corp. (NYSE:TRW), Noble International Ltd. (Pink Sheets:NOBLQ) and Dana Holding Corp. (NYSE:DAN).
It is available at: http://www.beaconequity.com/i/AXL
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American Axle & Manufacturing Holdings, Inc. (AXL) is an automotive supplier of driveline and drivetrain systems, chassis systems, and metal-formed products. The Company manufactures, engineers, designs, and validates components for trucks, sport utility vehicles (SUVs), passenger cars and crossover vehicles. AXL serves over 100 customers and relies on GM for approximately 77% of its revenues.
The analyst notes:
"In mid-June 2009, Congress passed the 'Cash for Clunkers' program, a $1 billion federal stimulus aimed at boosting auto sales by providing credits to car owners who exchanged older vehicles for more efficient newer ones. Due to its popularity, Congress added $2 billion to the program in early August 2009. Many analysts believe the program will boost vehicle sales in the third quarter of 2009.
"On August 18, 2009, AXL reported that it would receive a $110 million cash payment from GM to cover contracts terminated through the automaker's Chapter 11 bankruptcy in June 2009.... Some analysts expect that GM's cash payment will more than cover AXL's anticipated restructuring expenses over the next 14 months and believe that the agreement will help AXL avoid bankruptcy."
To read the entire report visit: http://www.beaconequity.com/i/AXL
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