UPDATE 1-American Axle posts loss on auto production cuts

Newswire

* Q4 loss per share $2.17 vs 52 cents loss yr ago * Says U.S. auto industry pushed to 'verge of collapse' DETROIT, Jan 30 (Reuters) - Auto parts supplier American Axle & Manufacturing Holdings Inc reported a steep quarterly net loss on Friday due to tumbling production volumes by major automakers. The net loss came to $112.1 million, or $2.17 per share, in the fourth quarter, compared with a year-earlier loss of $26.8 million, or 52 cents per share. Sales fell 33 percent to ...

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