Wednesday, April 7, 2010 as of 11:14 AM ET
American Axle & Manufacturing, Inc. (AAM) (), headquartered in Detroit, Michigan, is a manufacturer of automobile driveline and drivetrain components and systems.
Read More at Wikipedia ›By Deepa SeetharamanSome major U.
S. auto parts makers projected disappointing full-year outlooks on Friday and said the rebound in the auto industry could be more tempered than previously expected.Still, auto suppliers said they expected the sector to rebound faster than the broader economy as the average age of vehicles on U.S. roads climbs higher."We still think that this is a growth industry and that we are going to see a recovery, albeit maybe a little bit more gradual than we originally anticipated," Lear Corp <LEA.N> Chief Executive Matt Simoncini said during a conference call.Shares of Lear, BorgWarner Inc <BWA.N>, Tenneco Inc <TEN.N> and American Axle and Manufacturing <AXL.N> all dropped after reporting third-quarter results.Meanwhile, Goodyear Tire & Rubber Co's <GT.N> stock shot up on a higher-than-expected profit.Lear's quarterly earnings and 2011 profit outlook fell short of estimates. BorgWarner reported a better-than-expected quarter, but its 2011 outlook implied fourth ...By Ben KlaymanDETROIT (Reuters) - Major auto suppliers blew past profit expectations on Friday, suggesting the recovery in the global auto market remains strong desp...
SAN FRANCISCO -- Ford Motor Co.'s surprising profit drop and subsequent stock retreat on Friday led the broader auto sector deep into the red with the rest of the eq...
American Axle & Manufacturing (NYSE:AXL) nearly doubled its third-quarter profit on rebounding demand for full-size pickups and SUVs.The Detroit-based company posted...
WASHINGTON (Reuters) - The Obama administration believes the recovery of the U.S. auto industry can be sustained and that it has the potential to grow.Senior White H...
Shares of American Axle & Manufacturing Holdings Inc. (AXL) saw shares slide more than 10% on Friday after the company forecast lower-than-expected 2010 sales.The co...
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