What Dauch makes

Dauch Corporation is organized into two major divisions: Driveline and Metal Forming.

The Driveline division produces axle systems for rear-wheel, all-wheel, and four-wheel drive vehicles across internal combustion, hybrid, and battery electric platforms. The product range includes sideshafts, propshafts, CV joints, and ePowertrain assemblies. The company describes the division as designed to optimize mass, improve efficiency, and reduce noise and vibration without sacrificing performance. GKN Automotive, now part of Dauch, brought a particularly deep sideshaft and ePowertrain footprint to the combined company.

The Metal Forming division covers two product families. GKN Powder Metallurgy operates a vertically integrated powder-to-part process, producing metal powders and sintered components for conventional press-and-sinter routes as well as metal additive manufacturing. The forging business, which the company describes as the world's largest automotive forging enterprise, delivers hot, warm, and cold forged components with in-house machining, heat treatment, and assembly for automotive and industrial customers.

Together, the company describes its portfolio as powertrain-agnostic, meaning the same Tier-1 supplier relationship covers a customer's full transition from combustion to electrified vehicle programs without a supplier change.

Financial performance

Per the Berylls Top-100 Automotive Suppliers study (2026 edition, FY2025), Dauch reported automotive-sector revenue of EUR 5.2 billion and an operating income margin of 1.9 percent. The Berylls study covers the legacy AAM perimeter; the company's own FY2025 figures reflect the business before the Dowlais acquisition closed on February 3, 2026.

Following the acquisition, Dauch reported second-quarter 2026 net sales of $2.96 billion (compared to $1.54 billion in Q2 2025 before Dowlais contributed), with adjusted EBITDA of $389.6 million, or 13.2 percent of sales. The company updated its full-year 2026 guidance in August 2026 to $10.6 to $10.8 billion in net sales, with $1.36 to $1.425 billion in adjusted EBITDA. Synergy targets from the combination were raised to $60 to $75 million in-year, with a run rate exceeding $100 million by end of year one.

The company carries a market capitalization of approximately $1.4 billion on the NYSE (as of September 2026), reflecting a share price well below peak 52-week levels as integration costs and restructuring charges run through the income statement.

Employees across the combined organization number in the tens of thousands across 24 countries. Dauch operates more than 175 manufacturing and engineering locations globally.

Ownership and history

American Axle and Manufacturing (AAM) was founded on March 1, 1994, when Richard E. Dauch and a group of investors purchased five driveline and forging facilities from General Motors. The Detroit plant at the center of AAM's North American operations traces its industrial history to a General Motors aircraft parts facility established in 1917 on the same site.

AAM listed on the NYSE and grew through internal expansion and acquisitions over three decades. On February 3, 2026, the company completed its acquisition of Dowlais Group plc, which brought GKN Automotive and GKN Powder Metallurgy into the organization. Simultaneously, the company renamed itself Dauch Corporation, and the ticker symbol changed from AXL to DCH on both the NYSE and the London Stock Exchange, where Dauch gained a secondary listing as part of the transaction terms. Dowlais Group plc was subsequently delisted from the LSE.

David C. Dauch, son of the founder, serves as Chairman and Chief Executive Officer. The headquarters is in Detroit, Michigan, with a board expanded following the Dowlais acquisition to include former Dowlais independent directors Simon Mackenzie Smith and Fiona MacAulay.

Known customers

Ford Motor Company named Dauch a 2026 Ford Supplier of the Year in the quality category, per a company press release dated June 22, 2026. The award covered performance during Ford's 2025 fiscal year and was formally presented at Ford's supplier event in Detroit.

General Motors and Stellantis (formerly FCA) are identified in Dauch's SEC filings as primary customers whose purchasing volumes materially affect the company's results. The legacy AAM business supplied axle systems for GM and Stellantis light truck and SUV programs. LightSource tracks original equipment manufacturers across the full supply chain for sourcing teams navigating multi-tier programs.

The legacy GKN Automotive business, now operating as Dauch's Driveline division, supplied sideshafts and ePowertrain components to a broader European and Asian OEM base, including programs at several OEMs outside North America.

Recent news

February 2026 -- Dauch Corporation completed its acquisition of Dowlais Group plc, integrating GKN Automotive and GKN Powder Metallurgy to create a combined global driveline and metal forming supplier operating 175-plus locations across 24 countries (per dauch.com).

June 2026 -- Dauch was recognized as a 2026 Ford Supplier of the Year in the quality category, per the company's investor communications. The award honored performance during Ford's 2025 fiscal year (per dauch.com).

August 2026 -- Dauch reported second-quarter 2026 financial results with sales of $2.96 billion and adjusted EBITDA of $389.6 million, or 13.2 percent of sales. The company raised its full-year 2026 guidance and increased its synergy targets for the Dowlais integration (per dauch.com).

Frequently asked questions

What does Dauch Corporation make?
Dauch Corporation produces driveline components and metal-formed automotive parts. Its Driveline division makes axle systems, sideshafts, propshafts, CV joints, and ePowertrain assemblies for combustion, hybrid, and battery electric vehicles. Its Metal Forming division makes sintered powder metallurgy parts and precision forgings. The company operates under the AAM, GKN Automotive, and GKN Powder Metallurgy brand identities within the combined organization.

Who owns Dauch Corporation?
Dauch Corporation is a publicly listed company, trading on the NYSE and the London Stock Exchange under the ticker symbol DCH. It was formerly listed as American Axle and Manufacturing Holdings (NYSE: AXL) before completing the acquisition of Dowlais Group plc on February 3, 2026 and renaming the combined entity Dauch Corporation.

What is Dauch Corporation's revenue?
Per the Berylls Top-100 study (2026 edition), Dauch reported EUR 5.2 billion in automotive-sector revenue for FY2025 with a 1.9 percent operating income margin. Following the Dowlais acquisition, the company's full-year 2026 guidance (issued August 2026) projects $10.6 to $10.8 billion in net sales.

Where is Dauch Corporation headquartered?
Dauch Corporation is headquartered in Detroit, Michigan, United States. The company operates more than 175 manufacturing and engineering locations across 24 countries.

Who are Dauch Corporation's customers?
Ford Motor Company named Dauch a 2026 Ford Supplier of the Year in the quality category. General Motors and Stellantis are identified in the company's SEC filings as primary customers. The legacy GKN Automotive business supplied sideshafts and ePowertrain components to additional OEM customers in Europe and Asia.

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