Market Overview

American Axle & Manufacturing to Invest $100M in Three Rivers, MI

Related AXL
Credit Suisse Likes Auto Suppliers & Tesla, But Cautious On Ford & General Motors
UPDATE: Credit Suisse Initiates Coverage On American Axle & Manufacturing
Auto Parts Makers Drive Higher (Fox Business)

American Axle & Manufacturing Holdings, Inc. (NYSE: AXL), announced today that it is investing more than $100 million in its Three Rivers Manufacturing Facility located in Three Rivers, Michigan. The investment, which will be completed by December 2013, is expected to create more than 500 new jobs while further diversifying AAM's product portfolio and customer base in North America.

The investment represents the installation of new production lines, multiple assembly stations, paint line modifications, additional shipping and receiving capacity and upgrades to the facility's business offices and lobby. To complete the project, AAM has sourced millions of dollars of business to Michigan-based companies, and in turn, is positively impacting multiple communities in the state.

Posted-In: News

 

Related Articles (AXL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters