Aam announces sale of commercial vehicle axle business in india

Detroit , oct. 17, 2024 /prnewswire/ -- american axle & manufacturing holdings, inc. (aam), (nyse: axl) announced today that it has entered into a definitive agreement to sell its commercial vehicle axle business and related assets in india (aam india manufacturing corporation pvt., ltd. or aamimcpl), to bharat forge limited (bfl), for a purchase price of $65 million, subject to certain customary adjustments at closing.
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