American Axle earns $33.6 million in first quarter of 2014

Article by Christian A., on May 4, 2014

American Axle & Manufacturing Holdings Inc. posted $33.6 in income million on $858.8 million in revenues in the first quarter of 2014, compared with $7.3 million in earnings on $755.6 million in revenues in the same period in 2013.

American Axle still has General Motors Co. as its largest customer for, but business with other carmakers surged 53 percent to $287.8 million in the first three months of 2014, as it benefited from new Jeep Cherokee and Ram pickup.

Non-GM customers for the period accounted for over 38 percent of its revenues. The supplier’s content-per-vehicle dollar value hiked 10 percent to $1,655 in the first quarter of 2014 from $1,504 in the same period in 2013.

In February this year, Industrial Realty Group LLC finalized the acquisition of most of American Axle’s 2.5 million-square-foot former manufacturing complex in Detroit.

American Axle appointed in November 2013 Sam Valenti III to its board of directors, filling the seat of former chairman and chief executive Richard E. Dauch, passed away in September. Dauch’s was replaced by son, David, as chairman of the board.

If you liked the article, share on:

Comments

Recommended

For many years, Lamborghini has always relied on the use of large and powerful engines including the V10 and the V12. In fact, the company’s very first engine in the...
by - October 17, 2017
You can now get the Opel Crossland X that’s LPG-powered if you are not a fan of diesel. Recently, the company released their version of the Peugeot 2008 equipped with...
by - October 17, 2017
As seasons change, temperatures rise and fall. The changes affect our preferences when it comes to driving cars. Therefore, Aston Martin introduces the new DB11 Volante or convertible, and it...
by - October 16, 2017
Aston Martin may be known for building many of the stylish Bond cars we see on the big screen but nobody really knew how it can get super aggressive when...
by - October 16, 2017
Today, manual transmissions have become rare in mainstream cars and are more commonly found in performance cars within the $20,000 to $40,000 range. However, the selection of affordable, three-pedal performance...
by - October 16, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries