UPDATE 1-American Axle says striking plants unprofitable

Newswire

(Adds details, background) DETROIT, Feb 29 (Reuters) - American Axle & Manufacturing Holdings Inc said on Friday its five U.S. plants subject to a strike by the United Auto Workers union were not profitable and "have not been for years." In a statement, the Detroit-based auto parts supplier said its other U.S. and international plants were profitable because of lower cost structures in those locations. The statement from American Axle came on the fourth day of a strike by the UAW ...

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