UPDATE 1-American Axle 1st-qtr profit rises

Newswire

* Q1 EPS $0.68 vs $0.50 last year * Revenue up 16 pct (Adds details) April 27 (Reuters) - Auto parts maker American Axle and Manufacturing Holdings Inc posted a rise in quarterly profit, helped mainly by gains from lower post-retirement benefits. The company, which is diversifying its customer base to reduce dependence on General Motors Co, said sales to non-GM customers was up about 9 percent. Sales to GM contributes over 70 percent of its business. Net income rose to $51.2 million, or 68 ...

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