UPDATE 1-American Axle quarterly earnings rise

Newswire

CHICAGO, July 27 (Reuters) - American Axle & Manufacturing Holdings Inc. said on Friday quarterly earnings rose as the auto parts maker benefited from higher sales and cost cuts from its restructuring programs. American Axle also said its backlog of new business, a key focus of auto parts suppliers, has increased by about $400 million to $1.2 billion for vehicle programs starting in the 2008 to 2012 time period. Net income rose to $34 million, or 64 cents per share, in the second ...

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