Bharat Forge to acquire AAM India Manufacturing business from American Axle & Manufacturing for $65m.

Bharat Forge, a forging manufacturer, agreed to acquire AAM India Manufacturing business from American Axle & Manufacturing, a company that designs, engineers and manufactures driveline and metal forming technologies, for $65m. "The strategic decision to sell our commercial vehicle axle business in India enables us to strengthen our focus on ICE, hybrid and full electric passenger car, pickup truck / SUV, and van applications globally and provides additional financial flexibility. We are committed to collaborating with Bharat Forge to execute this agreement efficiently and support the continuity of supply from these facilities to customers during the ownership transition," David C. Dauch, AAM Chairman and Chief Executive Officer.