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American Axle & Manufacturing Holdings Inc will receive up to $210 million in aid from General Motors Co [GM.UL] as it completes a debt restructuring outside of bankruptcy, the auto-parts maker said Tuesday, sending its shares soaring more than 100 percent.American Axle (AXL.N) reached an agreement in principle with GM under which it would receive $110 million in payments from GM to help recover costs associated with the automaker's bankruptcy process.GM will also provide a second-lien term loan facility of up to $100 million, giving American Axle the right to make multiple draws from the loan through September 2013, the Detroit-based supplier said in regulatory filings on Tuesday.

After a moderate opening, the stock is currently trading at $5.55 moved up about 112% on over 57million shares. In the last 52-week, the stock has been trading within a range of $0.26-$8.38.

About American Axle & Manufacturing Holdings, Inc.

American Axle & Manufacturing Holdings, Inc. (AAM) is a Tier I supplier to the automotive industry. AAM manufactures, engineers, designs and validates driveline and drivetrain systems, and related components and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles.

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