Detroit-based American Axle and Manufacturing will buy GKN Automotive owner Dowlais in a cash-and-stock deal, valuing the London-listed firm at about 1.16 billion pounds ($1.44 billion), the ...

GKN Automotive owner Dowlais Group has become the latest London-listed firm to receive a merger offer from a US competitor. In a stock exchange announcement, Dowlais said that Michigan-based ...

GKN Automotive owner Dowlais Group's sales were hit by volatility in the electric vehicle market last year ahead of its £1.2billion sale to a US rival. The automotive engineering specialist ...

Dowlais reported a 4.2% decline in adjusted operating profit to £324m, driven primarily by lower volumes and a £9m loss from the sale of its Hydrogen operations. The GKN Hydrogen business was ...

(image credit: GKN Automotive) Chief executive Liam Butterworth said ... The boards of American Axle & Manufacturing Holdings (AAM) and Dowlais reached agreement on the terms of a recommended cash and ...

Dowlais - which was formed from the demerger of Melrose Industries' GKN Automotive, GKN Powder Metallurgy and GKN Hydrogen businesses - announced in January that it had agreed to be taken over by ...

Electric vehicle development for the North American market has stalled as automakers decide to extend their combustion engine platforms instead, a supplier boss says. “The brakes are on in terms ...