The March 5 sale came nine months after the auto supplier auctioned off equipment & machinery from its closed Buffalo plant on E. Delavan Ave. in 2008.
American Axle & Manufacturing has sold off the machinery & equipment from its Detroit manufacturing complex.
The company did not disclose how much money was raised in the Detroit auction which took place in an idled building on a portion of the site.
On the block were many machines & plant equipment used to machine-forge axle components.
The company said it is reducing U.S. manufacturing capacity by 70 percent while expanding capacity overseas by 150 percent.
The cut in U.S. production is needed to match a forecast for automobile & van sales of 10 million to 12 million vehicles in 2009, company CEO Richard Dauch said in a Jan. 30 conference call.
Since then, American Axle also closed its town of Tonawanda forge plant. The company continues to operate a small Cheektowaga machining operation with fewer than 100 employees.
The company auctioned off the Buffalo plant’s industrial equipment & machinery over two days last June.
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