American Axle posts quarterly loss amid UAW strike

Newswire

DETROIT, April 25 (Reuters) - American Axle & Manufacturing Holdings Inc posted a quarterly loss on Friday as the auto parts supplier grappled with a strike by union workers that has idled its five U.S. plants. American Axle lost $27.0 million in the first quarter, or 52 cents per share, against net income of $15.7 million a year earlier, or 30 cents per share. Revenue fell to $587.6 million from $802.2 million a year earlier. About 3,650 United Auto Workers-represented employees ...

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