American Axle predicts $850 million in new business over the next few years

Article by Christian Andrei, on November 19, 2010

American Axle & Manufacturing Holdings Inc. predicts that in the few years, it will have $850 million in a new business. The company has certainly come a long way after General Motors gave a financial lifeline to the supplier in 2009.

American Axle said that its backlog of new and incremental business for 2011-13 will be higher by 20% than the previous three-year backlog from 2010 to 2012.

American Axle, which was a GM unit, manufactures driveline and drivetrain systems and other components. It posted a net income of $80.5 million on revenue of $1.70 billion during the first nine months of the year.

For the same period in 2009, it lost $301.7 million on revenue of $1.06 billion. American Axle said that having a diversified portfolio of customers resulted to the higher backlog. During the GM bailout, the automaker made up for about three-fourths of American Axle's revenue.

In a release, the supplier said half of the new backlog stems from non-GM companies. These include orders from Audi AG, Chrysler Group, Daimler AG, Nissan Motor Co., Volkswagen Commercial Vehicles and others.

American Axle also revealed its plan to expand business overseas. Over 60% of the $850 million backlog comes from sources outside North America. [via autonews - sub. required]

If you liked the article, share on:


Login or Create new account to add a comment!


Many have been anticipating Mercedes-Benz Vans’ newest luxury pickup truck, the X-Class. While Mercedes-Benz has yet to reveal the official production version of the X-Class, it was kind enough to...
by - October 27, 2016
We’ve seen quite a lot of intriguing stories in the age of Internet (where the most interesting part was revealed before the story unfolds). Some are from movies and novels...
by - October 26, 2016
Many people have long known that the new 2018 RS5 was being developed by Audi AG. Enthusiasts the world over were excited when a prototype was seen running on the...
by - October 26, 2016
It was only recently when BMW officially debuted the new 2017 5-Series Saloon (G30) online. At that time, this range revealed that it had driving dynamics that was the best...
by - October 26, 2016
Starting early 2017, the new Audi Q7 will be available with the new 2.0-liter TFSI four-cylinder engine that makes it not only faster but also lighter and more efficient than...
by - October 25, 2016