What Dowlais makes

Dowlais Group plc was acquired by Dauch Corporation (NYSE: DCH, formerly American Axle and Manufacturing) on February 3, 2026, and no longer operates as an independent listed company. GKN Automotive and GKN Powder Metallurgy now operate as subsidiaries of Dauch.

Dowlais Group plc was the parent entity of GKN Automotive and GKN Powder Metallurgy -- two distinct but related engineering businesses that together supply driveline and powertrain components to the global automotive industry as a Tier-1 supplier.

GKN Automotive is the world's leading producer of drive systems. Its core product lines cover sideshafts (constant velocity joints), propshafts, all-wheel drive systems, and advanced differentials -- components that transmit engine torque to the wheels on roughly 45% of light vehicles produced worldwide, per the company's own materials. Alongside this conventional driveline business, GKN Automotive has built a significant eDrive portfolio: e-axles, high-voltage hairpin electric motors, inverters, and integrated transmission systems for battery-electric and plug-in hybrid vehicles. The company states it is the market leader in sideshafts, propshafts, AWD systems, and advanced differentials, and that 90% of the world's major vehicle manufacturers are customers.

GKN Powder Metallurgy, the smaller of the two divisions, is the world's leading producer of sintered metal components and atomized metal powders. Its technology enables parts with complex internal geometries -- gears, structural components, valve seats, sprockets -- that would be difficult or wasteful to machine from solid stock. Production part approval disciplines are embedded across GKN PM's customer programs. The division reported adjusted revenue of approximately £1.0 billion in FY2024 at a 9.1% operating margin. By early 2025, 56% of its new business wins were in EV-relevant or propulsion-agnostic products.

Financial performance

Dowlais reported adjusted group revenue of £4,937 million for the year ended December 31, 2024, a decline of 6.4% at constant currency versus £5,489 million in 2023. The Berylls by AlixPartners Top-100 automotive supplier study (2026) places the group at rank 59 with automotive sector revenue of approximately €5.6 billion for FY2025. GKN Automotive contributed roughly £3.9 billion of the 2024 total at a 6.8% adjusted operating margin; GKN Powder Metallurgy contributed approximately £1.0 billion at 9.1%.

The company's adjusted operating profit was £324 million, a 4.2% decline at constant currency. Adjusted operating margin improved 10 basis points to 6.6%, as proactive cost management and commercial pricing recoveries partially offset the volume decline. Approximately 70% of the revenue shortfall was attributable to weakness in the ePowertrain product line, driven by volatility in battery-electric vehicle production schedules at major customers in 2024. The group's tooling amortization obligations and active restructuring programs contributed to net debt of £968 million at year-end.

Net debt stood at £968 million at year-end 2024, representing 1.7 times adjusted EBITDA. The company carried approximately 27,000 employees and operated 79 manufacturing facilities in 22 countries, per its 2024 annual report filings.

Ownership and history

GKN's roots in metalworking date to 1759. The automotive division has been a discrete operational business for over 70 years, growing through successive ownership structures: GKN plc (the public conglomerate), then Melrose Industries following Melrose's 2018 acquisition of GKN. On April 20, 2023, Melrose demerged the automotive businesses into a new standalone listed company, Dowlais Group plc, which began trading on the London Stock Exchange under the ticker DWL.L.

Dowlais operated as an independent public company for less than three years. In January 2025, American Axle and Manufacturing Holdings (AAM) announced a recommended cash and share acquisition valuing the combination at approximately $1.44 billion. The transaction received all required regulatory clearances and closed on February 3, 2026. AAM subsequently renamed itself Dauch Corporation (NYSE: DCH). GKN Automotive and GKN Powder Metallurgy now operate as subsidiaries of Dauch, which describes the combined group as spanning 24 countries and more than 175 locations.

The registered headquarters of Dowlais Group plc was London, United Kingdom, with GKN Automotive's operating leadership based in Birmingham. GKN Automotive maintains a significant joint venture in China -- Shanghai GKN HUAYU Driveline Systems (SDS), established in 1988 with HUAYU Automotive Systems -- which is the market leader in sideshafts and propshafts in China and serves 80% of OEMs in that market.

Certifications and quality

GKN Powder Metallurgy was among the first suppliers globally to achieve full IATF 16949:2016 certification for 3D metal printing operations, per a company announcement in May 2018. GKN Automotive publishes a quality policy referencing continuous improvement across its driveline systems in line with IATF standards, and its 2024 sustainability report identifies quality and product safety as explicit pillars of its operating model. The group also holds an EcoVadis Platinum sustainability rating -- the highest available from that assessor -- as of 2024. Individual site certifications are managed at the business-unit level across the 79 manufacturing locations.

Known customers

GKN Automotive states that approximately 90% of the world's major vehicle manufacturers are customers, a claim consistent with its position as the sector's leading Tier-1 supplier of sideshafts and AWD systems. These OEM relationships span conventional ICE programs, hybrids, and battery-electric platforms. Named customers appearing in company-sourced materials include Audi, BMW, Ford, Honda, Mazda, Nissan, Stellantis (Fiat Chrysler), and Volkswagen, cited specifically in connection with GKN's Villagran, Mexico propshaft plant. The China JV (SDS) supplies 80% of OEMs operating in China. The broader customer base spans conventional ICE programs, hybrid vehicles, and battery-electric platforms, with GKN Automotive securing more than £4.8 billion of forecast lifetime revenue in new business wins during 2024 alone.

Recent news

February 2026 -- American Axle and Manufacturing closed its acquisition of Dowlais Group plc for approximately $1.44 billion in cash and stock, completing regulatory clearances from the US, EU, China, and other jurisdictions. The combined company was renamed Dauch Corporation (NYSE: DCH). GKN Automotive and GKN Powder Metallurgy became subsidiaries of Dauch.

August 2025 -- Dowlais reported half-year 2025 results, guiding for full-year revenue in a flat-to-mid-single-digit decline range and adjusted operating margin of 6.5%-7.0% at constant currency, as restructuring initiatives offset continued softness in BEV production volumes.

March 2025 -- Dowlais published its FY2024 annual results, reporting adjusted revenue of £4,937 million and adjusted operating profit of £324 million. The company disposed of its GKN Hydrogen operations during the year, eliminating future associated cash losses.

Frequently asked questions

What does Dowlais make?

Dowlais is the parent company of GKN Automotive and GKN Powder Metallurgy. GKN Automotive produces sideshafts, propshafts, all-wheel drive systems, eDrive systems, and torque management devices for roughly 45% of light vehicles globally. GKN Powder Metallurgy produces sintered metal components and atomized metal powders for automotive and industrial customers.

Who owns Dowlais?

Dowlais Group plc was acquired by Dauch Corporation (formerly American Axle and Manufacturing, NYSE: DCH) on February 3, 2026. Prior to the acquisition, Dowlais was independently listed on the London Stock Exchange (ticker DWL.L) after demerging from Melrose Industries in April 2023.

What is Dowlais's annual revenue?

Dowlais reported adjusted group revenue of £4,937 million for FY2024, or approximately €5.6 billion per the Berylls by AlixPartners Top-100 automotive supplier study (2026). This represented a 6.4% decline at constant currency versus FY2023, driven primarily by softness in battery-electric vehicle production schedules affecting the eDrive product line.

Where is Dowlais headquartered?

Dowlais Group plc was registered in London, United Kingdom. GKN Automotive's operational leadership is based in Birmingham, UK. As of February 2026, both GKN Automotive and GKN Powder Metallurgy operate as subsidiaries of Dauch Corporation, headquartered in Detroit, Michigan.

Who are Dowlais's customers?

GKN Automotive states that approximately 90% of the world's major vehicle manufacturers are customers. Named programs and plants document supply relationships with Audi, BMW, Ford, Honda, Mazda, Nissan, Stellantis, and Volkswagen. In China, the GKN-HUAYU joint venture (SDS) supplies 80% of OEMs operating in that market.

Last verified September 2026. Is this your company? Request a correction.