UPDATE 2-American Axle profit beats Street, raises outlook

Newswire

* Q2 adj. EPS 69 cents vs Street view 44 cents * Raises full-year sales and earnings outlook * On track to close Detroit plant in February * Shares up more than 10 percent (Adds details on Detroit plant closure, New York plant labor negotiations, CFO comment and Tenneco results) By Clare Baldwin DETROIT, July 29 (Reuters) - American Axle and Manufacturing Holdings Inc posted higher-than-expected quarterly earnings and raised its full-year forecast due to increased demand from its ...

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