US: AAM takes over Indian axle JV

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American Axle & Manufacturing (AAM) has assumed full ownership of the AAM Sona Axle joint venture (AAM Sona Axle) in Pantnagar, India. AAM Sona Axle, previously a joint venture between AAM and Sona Koyo to manufacture and sell light truck, passenger car and SUV axle assemblies for India, is now an independent company wholly owned by AAM. Full story...