American Axle earnings fall, sales rise


July 27 (Reuters) - U.S. auto parts supplier American Axle and Manufacturing Holdings Inc said second-quarter revenue rose 7.8 percent, to $739.8 million, while net income fell to $4.7 million, or 6 cents per share. The results reflected charges and restructuring costs of $36.5 million, or 49 cents per share, related to the closing of plants in Detroit and Cheektowaga, New York. American Axle last year earned $49.2 million, or 65 cents per share.

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