Mexican Media Brands
American Axle’s First-Quarter Profits Rise 15%
American Axle & Manufacturing Holdings Inc. reports its net income in the first quarter of 2016 grew 15% to $61 million.
#economics
Share
American Axle & Manufacturing Holdings Inc. reports its net income in the first quarter of 2016 grew 15% to $61 million.
Sales for the period were unchanged at $969 million. AAM’s sales in terms of content per customer vehicle in North America slipped 4% to $1,611. About one-third of the company’s revenue came from sales to General Motors Co.
AAM says it will repurchase as much as $100 million of its common shares through the end of 2018.
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.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.