Dauch Corporation, formerly known as American Axle & Manufacturing Holdings, Inc., reported a net loss of $19.7 million for the fiscal year ending December 31, 2025, compared to a net income of $35 million in 2024. The company's revenue decreased by 4.7% to $5.84 billion from $6.12 billion in the previous year, primarily due to lower production volumes on certain vehicle programs and the impact of the sale of its India manufacturing operations. The cost of goods sold also fell by 4.7% to $5.13 billion, reflecting similar trends in production and operational performance.
In a significant strategic move, Dauch Corporation completed its acquisition of Dowlais Group plc on February 3, 2026, for approximately $1.7 billion. This acquisition involved the issuance of about 117 million shares and an increase in authorized shares from 150 million to 375 million. The combined entity aims to enhance its position as a leading supplier in the driveline and metal forming sectors, with operations spanning 24 countries and over 175 locations. The company also divested its commercial vehicle axle business in India for $65 million, which contributed to the overall restructuring efforts.
Operationally, Dauch Corporation's customer base remains concentrated, with General Motors accounting for approximately 44% of consolidated net sales in 2025, followed by Ford at 15% and Stellantis at 13%. The company has emphasized its commitment to diversifying its customer, product, and geographic sales mix, launching seven new programs in 2025 and planning additional launches in 2026. The workforce stood at approximately 18,000 employees globally, with a significant portion represented by labor unions.
Looking ahead, Dauch Corporation anticipates stable production volumes in North America, Europe, and China, with expectations of approximately 15 million units in North America for 2026. The company is focused on enhancing its core business while expanding its electric and hybrid vehicle offerings, responding to evolving market demands. However, it faces challenges from fluctuating raw material prices, labor shortages, and the ongoing transition to electric vehicles, which could impact future profitability and operational efficiency.
About AMERICAN AXLE & MANUFACTURING HOLDINGS INC
American Axle & Manufacturing Holdings, Inc. (AAM) is a leading global tier 1 automotive supplier specializing in driveline and metal forming technologies for electric, hybrid, and internal combustion vehicles. With a strong focus on innovation, AAM serves major clients like General Motors, Stellantis, and Ford. The company is expanding its electric vehicle offerings and aims for net-zero carbon emissions by 2040, positioning itself for growth in a rapidly evolving market.
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