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High GM Light Truck Inventories Knock American Axle

Despite American Axle’s ongoing diversification, looming output cuts for GM’s large pick-ups have dented its share price. The recent evidence that GM has seen a significant inventory build-up for its profitable large pick-ups, which accounted for 23% of the OEM’s US sales in 2011, saw an immediate negative knee-jerk reaction It’s time to log in … Continued

Despite American Axle’s ongoing diversification, looming output cuts for GM’s large pick-ups have dented its share price. The recent evidence that GM has seen a significant inventory build-up for its profitable large pick-ups, which accounted for 23% of the OEM’s US sales in 2011, saw an immediate negative knee-jerk reaction

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