High GM Light Truck Inventories Knock American Axle

Despite American Axle’s ongoing diversification, looming output cuts for GM’s large pick-ups have dented its share price. The recent evidence that GM has seen a significant inventory build-up for its profitable large pick-ups, which accounted for 23% of the OEM’s US sales in 2011, saw an immediate negative knee-jerk reaction Subscribe to Automotive World to … Continued

• By Megan Lampinen
• December 5, 2012