* American Axle steep loss worsened by one-time charges * ArvinMeritor cutting 1,250 jobs; 7 pct of workers * ArvinMeritor reviewing alternatives * Shrs of American Axle jump 34 pct, ArvinMeritor also up By Soyoung Kim and Poornima Gupta DETROIT, Oct 31 (Reuters) - American Axle & Manufacturing Holdings Inc posted a steep loss on Friday, while car and truck parts maker ArvinMeritor Inc announced a new round of job cuts amid a deep slump in auto sales. Shares of American Axle ...
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