AXL American Axle and Manufacturing Holdings Inc

Stock Market Alerts' performance stock list includes: China Direct Industries, Inc. (NASDAQ: CDII), Ford Motor Company (NYSE: F), Caterpillar, Inc. (NYSE: CAT) and American Axle & Manufacturing Holdings, Inc. (NYSE: AXL).

Breaking News: China Direct Industries, Inc. (NASDAQ: CDII) signs letter of intent to form new heavy truck parts manufacturing joint venture in its basic materials segment. The company, a U.S. owned, rapidly growing holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials, issued a press release this morning announcing that it has entered into a letter of intent to form Jinan Zhongsen Machinery Manufacturing Company, Limited ("Zhongsen Machinery") as a foreign invested enterprise. Zhongsen Machinery is a heavy truck parts manufacturer in the Peoples Republic of China. Under the proposed terms of the letter of intent, China Direct Industries will invest approximately $3.3 million over the next two years to obtain a 45% interest in the joint venture. The letter of intent is intended to be non-binding and is subject to all necessary due diligence, China Direct Industry's board of directors' approval and execution of definitive agreements. Management anticipates closing the transaction sometime before the end of 2009. Management of China Direct Industries plans to assist Zhongsen Machinery with its goal of applying for listing its common shares on a stock exchange in the Peoples Republic of China by 2012.

Located in Jinan Zhangqiu Mingshui Economic Development Zone in Zhangqiu, Jinan City, Shandong Province, Zhongsen Machinery has over 400 employees and generated unaudited revenue of over $15 million in 2008 with net profit of approximately $1.6 million. For the first five months of 2009, Zhongsen Machinery has generated unaudited revenue of $9.3 million with net profit of approximately $1.4 million.

Commenting on the letter of intent, Dr. James Wang, Chairman and CEO of China Direct Industries, stated, "China currently produces about 30% of the 3.6 million heavy trucks produced each year throughout the world. And recently China has become a major exporter with international sales reaching 43,000 units and growing at a compounded rate of 100% over the past few years. We believe the demand for parts will continue to grow as customers attempt to increase the life of their capital investment. We believe these factors, coupled with China's continued growth in market share, make this industry an excellent opportunistic investment for our company. We are confident that when this transaction is completed the management team at Zhongsen Machinery has the right plan to deliver rapid, profitable sales growth in the coming years, making it a welcome addition to our Basic Materials Segment.

Last week the company reported it has formed CDII Trading Inc., a wholly owned subsidiary to engage in the global purchases and sales of industrial commodities for China Direct Industries and its subsidiaries and client companies. CDII Trading will initially focus its efforts in North and South America, Russia, parts of Africa and the European Union. CDI Trading will seek to market products from China Direct Industries and its various business units as well as market and procure products for its consulting clients. CDII Trading will also seek to leverage China Direct Industries relationships in China and abroad to opportunistically trade additional complimentary products for its end customers.

On June 16th, 2009, China Direct Industries, Inc. announced that its Basic Materials segment has received several sales contracts for the delivery of various synthetic chemicals and reinforcing steel bars which have the potential to generate approximately $30.5 million in 2009. The contracts come as management of this segment sees improvements in its business outlook as China's economy begins to show signs of recovery. With the addition of these sales contracts, management now believes revenue derived from its basic materials segment should improve in 2009 compared to 2008 and range between $65 and $75 million, an increase of over 25%.

The stock closed yesterday at $1.76 a share.

For an in-depth profile of China Direct Industries, visit http://www.wallstreetenews.com/view-company-profiles.php?profile=CDII_072909.

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Ford Motor Company (NYSE: F) down 0.2% on 74.1 million shares traded. Ford Motor Company, one of the global automotive industry leaders, based in Dearborn, Mich., manufactures or distributes automobiles across six continents.

Caterpillar, Inc. (NYSE: CAT) down 2.4% on 12.3 million shares traded. Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent.

American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) up 50% on 23.9 million shares traded. AAM is a world leader in the manufacture, engineering, design and validation of driveline and drivetrain systems and related components and modules, chassis systems and metal-formed products for trucks, sport utility vehicles, passenger cars and crossover utility vehicles.

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