American Axle earnings rise on higher auto sales


DETROIT, July 24 (Reuters) - American Axle & Manufacturing Holdings Inc. said on Wednesday its quarterly earnings rose due to strong sales to automakers and cost controls. American Axle, which makes axles and steering and suspension systems, said its second-quarter net income rose to $48.6 million, or 92 cents a share, from $34 million, or 72 cents a share, in the same period a year ago. Sales rose 9 percent, to $881.3 million from $811 million. The analysts' consensus estimate from ...

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