AAM receives EC clearance for Dowlais combination; closing now expected Q1 2026

Dauch Corp

European Commission unconditionally cleared the combination on October 1, 2025; EU antitrust condition satisfied.
Seven of ten required antitrust clearances obtained (US, India, UK, Korea, Taiwan, Turkey, EU); Brazil, Mexico, China remain.
Brazil clearance expected early November 2025 following favorable opinion; China clearance expected late 2025 or early 2026.
Roberto Fioroni (CFO of Dowlais) will not join combined group's senior management; he indicated he wishes to pursue other opportunities.

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