American Axle sets 2014-2016 backlog at $900 million

Article by Anita Panait, on January 20, 2014

American Axle & Manufacturing Holdings Inc. estimates its backlog of new and incremental business in 2014-2016 at around $900 million. The estimate a year ago for American Axle’s 2013-2015 backlog was $1.25 billion. "It's not that we're not growing, it's just the way the figures settle," said Chris Son, director of investor relations for American Axle.

He said that while the numbers “look a bit different,” the company expects an 18-percent growth in 2014 over what they have predicted. The backlog represents accumulated work that has yet to be completed and includes several projects with General Motors, which had 73 percent of its business in 2012.

The company’s current backlog includes an EcoTrac disconnecting driveline system for the Jeep Cherokee as well as a rear drive module for the Cadillac ATS. The company also has plans for electric and hybrid systems for a model for Israeli-Chinese carmaker American Axle.

Around 70 percent of the backlog is for customers other than GM, with two-thirds of the backlog slated for passenger car and crossover vehicle programs. In terms of geographical locations, 70 percent of the backlog is for programs outside of US -- Brazil, China, India and Thailand.

KeyBanc Capital Markets recently wrote that the future sales forecast helped mitigate disappointment due to lower-than-expected sales figures.

According to a KeyBanc report, American Axle is expected to post sales of $3.21 billion in 2013, lower than the $3.26 billion that analysts had expected. [source: automotive news - sub. required]

Topics: american axle

If you liked the article, share on:

Comments

Recommended

McLaren has already shown some interest in electrifying their models. And initially, we thought that they will just use hybrid systems to use across their current lineup. Nevertheless, we have...
by - August 19, 2017
Fifty years after its glorious victory at the 24 Hours of Le Mans, Ford launches the 2018 Ford GT ’67 Heritage Edition at the 2017 Monterey Car Week. The red...
by - August 18, 2017
Hyundai has recently unveiled an unnamed pre-production model of its new fuel cell SUV. We don’t know what to call this model just yet, but sources say that this model...
by - August 18, 2017
This weekend at the 2017 Pebble Beach Concours d’Elegance, the BMW Z4 Concept will make its first public appearance. The good news is that we will finally have a real...
by - August 18, 2017
While Honda’s new 2018 HR-V will be rolling out at the dealerships with just a few updates, the company is certainly not giving up its spot as the best-selling vehicle...
by - August 18, 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