Mexican Media Brands
Profits Jump 58% for American Axle
American Axle & Manufacturing Holdings Inc. reports its sales climbed 13% to $969 million in the first quarter of 2014.
#economics
Share
American Axle & Manufacturing Holdings Inc. reports its sales climbed 13% to $969 million in the first quarter of 2014. Operating income grew 30% to $84 million, and net income zoomed 58% to $53 million.
The Detroit-based axle maker says the per-vehicle value of its sales in January-March advanced 1% to $1,676. The company predicts full-year sales of more than $4 billion compared with $3.7 billion in 2014.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.