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(EMAILWIRE.COM, September 18, 2009 ) DALLAS, Texas - StockPreacher.com announces an investment report featuring auto parts maker American Axle & Manufacturing Holdings Inc. (NYSE: AXL).
The investment report on American Axle & Manufacturing Holdings Inc. (NYSE: AXL) should be of particular interest to other automotive industry suppliers: ArvinMeritor Inc. (NYSE: ARM), Dana Holding Corp. (NYSE: DAN), WABCO Holdings Inc. (NYSE:WBC) and TRW Automotive Holdings Corp. (NYSE: TRW).
The full report is available at: http://www.stockpreacher.com/n/AXL
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American Axle & Manufacturing Holdings Inc. (AXL) engages in the design, engineering, testing, validation and manufacturing of driveline, drivetrain and chassis systems, related components, and metal formed products for light trucks and buses, sport utility vehicles, crossover vehicles and passenger cars. AXL has established a foothold in the global driveline market, serving more than 100 customers on five continents. In North America, the Company is the principal supplier of driveline components to General Motors Corp. (GM) for its rear-wheel drive (RWD) light trucks and SUVs manufactured.
Message Board Search for AXL: http://www.boardcentral.com/boards/AXL
In the report, the analyst notes:
“On September 11, Barclays analyst Brian Johnson upped AXL shares to "Overweight" from "Equal Weight," According to the analyst's report, the Company's debt deal with its lenders and GM's cash infusion have helped ease concerns over the Company's liquidity. Johnson also wrote that AXL is poised to benefit from resurgence in demand for full-size pickups, for which it produces components. AXL's price target was also raised to $13 from $8.
“In its recent regulatory filing, AXL announced it has been granted a waiver extension on its revolving-credit facility for time, which expired Thursday, September 17. According to the Company, the previous waiver expired as " it continues to work with key stakeholders on various commercial agreements and financing arrangements that would result in a comprehensive long-term solution outside of bankruptcy.” Through these waivers, AXL is given time to renegotiate its loans and avoid a bankruptcy filing.”
To read the entire report visit: http://www.stockpreacher.com/n/AXL
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Jeff Bishop
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Source: EmailWire.com
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