UPDATE 1-American Axle posts first quarterly profit in 2 years

Newswire

* Q3 EPS 35 cents, first quarterly profit since Q3 2007 * Says successfully resolved short-term liquidity concern DETROIT, Oct 30 (Reuters) - American Axle & Manufacturing Holdings Inc posted its first quarterly profit in two years on Friday and said it had shored up liquidity and nearly completed a restructuring to cut costs. The auto parts supplier reported net income of $19.6 million in the third quarter, or 35 cents per share, compared to a $440.9 million net loss, or $8.54 per ...

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