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American Axle’s Dowlais buyout will need approval in several countries (correct*)

By Jon Menon ( January 29, 2025, 11:02 GMT | Insight) -- American Axle & Manufacturing’s buyout of Britain’s Dowlais Group will need antitrust approval in the UK, the EU, the US, China and elsewhere. The US company today agreed to buy Dowlais, which owns GKN Automotive, for about 1.16 billion pounds, to form a leading global driveline and metal-forming supplier for the car industry.American Axle & Manufacturing’s acquisition of Britain’s Dowlais Group needs antitrust approval in the UK, the EU, the US, China and elsewhere, as the deal will create a top components and metal-forming supplier for the automotive industry....

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