UPDATE 1-American Axle posts deep loss amid restructuring

Newswire

* Q3 loss $8.54 per share * Hit by one-time costs, declining truck production DETROIT, Oct 31 (Reuters) - American Axle & Manufacturing Holdings Inc posted a steep quarterly loss on Friday, stung by hefty charges related to hourly and salaried buyouts and plant closures as well as plunging truck production volumes. American Axle lost $440.9 million in the third quarter, or $8.54 per share, against net income of $13.5 million a year earlier, or 25 cents per share. Revenue fell to ...

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