AutoShopOwner - Automotive Management Network: American Axle aims to stay out of bankruptcy, shares surge 40% - AutoShopOwner - Automotive Management Network

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American Axle aims to stay out of bankruptcy, shares surge 40%

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Posted 05 August 2009 - 09:01 AM

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The CFO of American Axle and Manufacturing Holdings Inc. said today the supplier plans to avoid going into bankruptcy, but declined to say whether General Motors Co. would again come to the rescue.

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