American Axle & Manufacturing Investing $10 Mln In Global Strategic Mobility

RTTNews | 678 days ago
Stocktwits
American Axle & Manufacturing Investing $10 Mln In Global Strategic Mobility

(RTTNews) - American Axle & Manufacturing Holdings, Inc. (AXL) announced Friday a $10 million investment in the Global Strategic Mobility Fund (GSMF), a venture capital fund managed by EnerTech Capital.

As a strategic partner, American Axle gains access to EnerTech's vast network of business alliances and emerging technology, all supporting mobility innovation that can help enhance American Axle's products and operations.

American Axle's investment in GSMF provides the company with access to new startup and fully vetted high-tech companies that are advancing automotive technologies in the electrification, connectivity, autonomy and digitization sectors.

This includes exposure to academic research, market intelligence, new business development opportunities and data from public-private coalitions accelerating innovation in the clean mobility space.

Tags: AXL
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UK Housing Demand Weakest Since 2023, Sales Fall: RICS

UK Housing Demand Weakest Since 2023, Sales Fall: RICS

Demand for residential property declined to the lowest since 2023 and agreed sales turned negative and house prices logged a subdued growth in February as the stamp duty deadline approaches, the Royal Institution of Chartered Surveyors, or RICS, said on Thursday. Buyer demand weakened in February with the balance falling to -14 percent from -1 percent in January. This was the weakest result since
RTTNews | 4h 25min ago
Yen Rises On BOJ Chief Ueda Remarks

Yen Rises On BOJ Chief Ueda Remarks

The Japanese yen strengthened against other major currencies in the European session on Thursday, as the Bank of Japan (BoJ) chief's remarks reinforced expectations of a rate hike.
RTTNews | 4h 37min ago
Asian Shares Decline On Tariff Concerns

Asian Shares Decline On Tariff Concerns

Asian stocks ended lower on Thursday despite softer U.S. inflation data bolstering the case for more Federal Reserve interest-rate cuts this year.
RTTNews | 5h 15min ago
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