American Axle Shares Surge 9.8% Amid Strong Driveline Unit Performance and Business Wins

American Axle (AXL) shares rose 9.8% to close at $7.05 due to strong performance in the driveline unit and frequent business wins. The company's driveline segment supports margins, and secured contracts underscore its strength across both electric and internal combustion engine markets. AXL is expected to post a quarterly loss of $0.12 per share and revenues of $1.41 billion.