American Axle to Add 200 Jobs
Mar. 19, 2002
THREE RIVERS, Mich. (AP) _ American Axle & Manufacturing Inc. will shift some operations from outside the United States to its plant in this southwestern Michigan city, creating about 200 new jobs.
The hiring has already started and will continue through the first quarter of 2003, plant manager Tom Szymanski said.
The Three Rivers Commercial News reported last week that American Axle expects more business because of a significant increase in projected light-truck production by General Motors Corp., the company's biggest customer.
Detroit-based American Axle employs about 12,000 people in the United States, Mexico, Brazil and the United Kingdom.
The company produces, designs, engineers and validates driveline systems and chassis for cars, buses, trucks and sport utility vehicles.
The Three Rivers facility will join American Axle plants in Mexico and Scotland in assembling 11 1/2-inch drive axles.
Shares of American Axle were up $1.26, or more than 4 percent, to close at $29.55 in trading on the New York Stock Exchange Monday.
On the Net: