American Axle lifts profit view on new business

Newswire

DETROIT, Jan 23 (Reuters) - Auto parts maker American Axle & Manufacturing Holdings Inc. on Thursday raised its 2003 profit forecast, saying new business will power growth despite potentially lower U.S. vehicle production. The Detroit-based company, which makes the drivetrain systems for the Dodge Ram pickup truck and the Chevrolet TrailBlazer sport utility vehicle, said it expects first-quarter earnings of about $1 per share, above analysts' average estimate of 84 cents. The company ...

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