financetom
Business
financetom
/
Business
/
American Axle plans secondary London listing after GKN Automotive deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
American Axle plans secondary London listing after GKN Automotive deal
May 26, 2025 9:14 AM

May 16 (Reuters) - Detroit-based American Axle and

Manufacturing ( AXL ) said on Friday it plans to seek a

secondary listing of its shares in London after its $1.4 billion

acquisition of GKN Automotive owner Dowlais ( DWLAF ).

"This will ensure a greater range of both existing and

prospective shareholders are able to access the future value

creation opportunity of the combination," said the auto parts

supplier, which is listed on the New York Stock Exchange.

American Axle and Manufacturing ( AXL ) announced a cash-and-stock

deal for UK peer Dowlais ( DWLAF ) in January, aiming to benefit from

greater scale as the auto industry grapples with volatile demand

for electric vehicles, economic uncertainties and the global

expansion of Chinese EV makers.

"Recent global events have further highlighted the

attractiveness of the combination," the company said, adding

that regulatory filings were progressing as planned.

U.S. President Donald Trump had unveiled a 25% tariff on

imported cars and light trucks in March.

In a partial rollback of his policies, Trump has granted

automakers a two-year window to increase the share of domestic

components in vehicles built in the United States.

($1 = 0.7509 pounds)

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Savio

D'Souza and Mrigank Dhaniwala)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved