Mexican Media Brands
American Axle Sales, Earnings Climb
Third-quarter sales climbed 16% to $951 million for American Axle & Manufacturing Holdings Inc.
#economics
Share
Third-quarter sales climbed 16% to $951 million for American Axle & Manufacturing Holdings Inc. Operating income jumped 26% to $85 million, and net income soared 54% to $49 million.
AAM, which has been trying for years to increase the proportion of its business from non-General Motors sources, says such sales climbed 37% in the first nine months of 2014 to $883 million, or 32% of total revenue.
RELATED CONTENT
-
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
-
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.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.