American Axle and Mfg. Holdings Inc. says anticipated full-year volume declines could double in the wake of 2006 production cuts by its largest customers, General Motors Corp. and Chrysler Group. The supplier makes the revelation as it announces an incentive program designed to reduce its payroll. The initiative, aimed primarily at employees covered by American Axle’s contract with the United Auto Workers union, likely will cost between $150 million and $250 million. “The key issue that ...

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