American Axle's Quarterly Revenue Rises 13%

Newswire

Feb 7 (Reuters) - American Axle & Manufacturing Holdings Inc reported a 13 percent rise in quarterly revenue due to higher demand for auto parts. The company reported net income of $29.8 million, or 39 cents per share, for the fourth quarter. American Axle posted net income of $319.9 million, or $4.21 per share, a year earlier due to a $337.5 million tax benefit. The company, which got about three-quarters of its revenue from General Motors Co in 2012, said non-GM sales rose 37 percent ...

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