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American Axle lays its bets on growth outside U.S.

Publication: Crain's Detroit Business
Publication Date: 01-SEP-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: American Axle lays its bets on growth outside U.S.(American Axle and Manufacturing Holdings Inc.)(Financial report)

Article Excerpt
Byline: Robert Sherefkin and David Barkholz

Detroit-based American Axle & Manufacturing Holdings Inc. plans to slash its U.S. investment and pursue growth overseas as part of a recasting of the company, according to internal documents obtained by Crain's Detroit Business' sister publication Automotive News.

The driveline company plans to spend $73 million on its U.S. operations this year to support new products and contracts, but just $30.3 million next year.

By contrast, its international investment is expected to reach $162.3 million this year and $189.7 million in 2009.

Facing headwinds from weak truck sales here, American Axle forecasts international revenues will top U.S. revenues for...

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