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Acquisitions and Dispositions (Notes)
 3 Months Ended
Mar. 31, 2022
Acquisitions and Dispositions [Abstract]  
Acquisitions and Dispositions [Text Block]
14. ACQUISITIONS AND DISPOSITIONS

Subsequent Event - AAM Acquisition of Tekfor Group

In April 2022, AAM announced that we had entered into a definitive agreement to acquire Tekfor Group for an estimated US GAAP purchase price of approximately €90 million (estimated enterprise value of approximately €125 million after net adjustment for cash and debt-like items), subject to certain customary closing adjustments. We expect to fund the entire purchase price with cash on hand and the transaction is expected to close in the second quarter of 2022, subject to regulatory approval and other customary closing requirements.

Tekfor Group manufactures high-performance components, modules and fasteners, including traditional powertrain and driveline components (for both internal combustion and hybrid applications), and e-mobility components. Headquartered in Hausach, Germany, Tekfor Group has eight sites and employs approximately 2,000 associates in Europe and the Americas.

Sale of Interest in Consolidated Joint Venture

In the first quarter of 2021, we completed the sale of substantially all of our ownership interest in a consolidated joint venture and received cash proceeds of approximately $2.4 million. As a result of the sale and deconsolidation of this joint venture, we recognized a loss of $2.6 million in the first quarter of 2021. Subsequent to the sale of this joint venture, we no longer present noncontrolling interest in our condensed consolidated financial statements as all consolidated entities are wholly owned.