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American Axle’s Quarterly Sales Climb 13%
Detroit-based American Axle & Manufacturing Holdings Inc. reports its revenue in the fourth quarter of 2014 climbed 13% to $940 million.
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Detroit-based American Axle & Manufacturing Holdings Inc. reports its revenue in the fourth quarter of 2014 climbed 13% to $940 million. A one-time pension charge cut net income for the period to $13 million from $30 million a year earlier.
For the full year, AAM reports sales grew 15% to $3.7 billion, and net income jumped 50% to $143 million. Sales to customers other than General Motors Co. rose 30% to $1.2 billion.
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