AAM agrees to sell India commercial vehicle axle business to Bharat Forge for $65M

Dauch Corp

Sale price $65M; business generated $156M sales in LTM ended June 30, 2024.
Transaction includes Pune and Chennai facilities; excludes Chakan plant and Pune Business Office.
Expected close Q4 2024, subject to regulatory approvals.
CEO says move strengthens focus on passenger car and SUV applications globally.

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