Mexican Media Brands
American Axle Posts 12% Earnings Gain
American Axle & Manufacturing Holdings Inc. reports its second-quarter sales rose 6% to $1 billion, and net earnings climbed 12% to $59 million.
#economics
Share
American Axle & Manufacturing Holdings Inc. reports its second-quarter sales rose 6% to $1 billion, and net earnings climbed 12% to $59 million. Operating income grew 7% to $94 million.
About one-third of the company's sales of driveline components were to non-General Motors Co. customers, a 15% improvement on year-earlier volume.
AAM sales through the first half of 2015 advanced 9% to nearly $2 billion. Net earnings in January-June totaled $112 million, up 30%.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.