American Axle & Manufacturing Says Q3 Performance Reflected Greater Than Anticipated Downtime At Key Customers, Operational Inefficiencies And UAW Strike
Portfolio Pulse from Benzinga Newsdesk
American Axle & Manufacturing (AXL) reported that its Q3 performance was negatively impacted by greater than anticipated downtime at key customers, operational inefficiencies, and a UAW strike.
November 03, 2023 | 12:04 pm
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American Axle & Manufacturing's Q3 performance was negatively affected by unexpected downtime at key customers, operational inefficiencies, and a UAW strike.
The company's Q3 performance was negatively impacted by greater than anticipated downtime at key customers, operational inefficiencies, and a UAW strike. This could lead to a decrease in the company's stock price in the short term as it indicates operational and labor issues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100