American axle says china sales are resuming towards pre-covid levels - db conf

American axle says expects production in north america and europe to resume in phased approach starting mid-may and increase into june- deutsche bank conf presentation.american axle says china sales are resuming towards pre-covid levels.american axle says estimates it can breakeven on an adjusted free cash flow basis in 2020 if sales are 25% to 30% lower than its initial financial outlook of $5.8 billion to $6.0 billion.american axle says identified about $60 million of additional cost reduction actions in 2020 to offset the impact of severe production declines resulting from the covid-19 pandemic.american axle says has reduced its expected capital expenditures for 2020 to about $250 million from about $325 million.american axle ceo says there is a market for electric pickup trucks, based on the communication put out by gm and ford, tesla, rivian and nikola.american axle ceo says, over time, electric pickups could displace the traditional pickups for multiple generations of product.
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