Fitch cut the auto supplier’s issuer default rating by two steps to “BB” from “BBB-minus,” which is the lowest investment-grade rating. The outlook is negative because it is heavily dependent on business with GM.
GM accounted for 78% of American Axle’s revenues in 2005, reported Reuters.
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Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
