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 The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.