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The Company is a supplier of driveline components to General Motors Corporation for its rear-wheel drive light trucks and SUVs manufactured in North America.
American Axle & Manufacturing is currently on strike due to UAW issues with wages and benefits. AA is a major supplier to GM, and you have seen where the US auto market is headed. GM has been struggling to sell it big trucks and SUVs, and AA makes parts for these types of vehicles. As the US slides into a recession, you will see AA sales and profits sink...along with it's stock price.
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