American Axle and Manufacturing Holdings (AAM) - automotive industry company news 
US: American Axle sales seen above analysts' estimates in 2012
18 January 2012
American Axle and Manufacturing expects sales of US$2.8-2.9bn in 2012, above analysts' expectation of US$2.83bn.
US: American Axle expands JAC JV in China
1 December 2011
American Axle & Manufacturing Holdings (AAM) is expanding its existing joint venture with Hefei Automobile Axle (HAAC), a subsidiary of JAC Group (Anhui Jianghuai Automotive Group) to now include all of HAAC's light commercial axle business.
US: AAM Q3 sales up 5%
31 October 2011
American Axle & Manufacturing Holdings (AAM) has booked third quarter 2011 sales of US$647.6m, up 5% year on year. Non-GM sales grew 18% to $173.9m.
US: AA&M closing New York gear plant
19 August 2011
American Axle and Manufacturing Holdings is closing its New York gear making plant following the failure of union members to ratify a new contract late last month.
US: AAM appoints new president and CEO
9 August 2011
Recording Industry Association of America (RIAA) president Mitch Bainwol is to become president and CEO of the Alliance of Automobile Manufacturers on 1 September according to Dow Jones.
US: AAM Q2 net income almost doubles
1 August 2011
American Axle & Manufacturing Holdings (AAM) has posted 93.7% growth in its net income to US$49.2m in second quarter of 2011, compared with US$25.4m reported in the same quarter a year ago.
US: AA&M doubles Q1 net profit
3 May 2011
American Axle & Manufacturing Holdings booked irst quarter 2011 sales of US$645.6m, up 24% year on year as non-GM sales grew approximately 44% to $178.4m.
THE WEEK THAT WAS: All about BRICS
11 February 2011
Given the work that is put into such things, it was good to see many eyes on our report on the BRIC markets this week. We also launched a special new section on electric drive technology in our research portfolio.
US: AAM swings back to 2010 net profit
9 February 2011
American Axle & Manufacturing Holdings booked 2010 operating income of US$204.1m, or 8.9% of sales of US$2.28bn which were up 50% year on year.
SWEDEN: Saab reveals new engineering structure
26 January 2011
Saab has unveiled a new organisational structure for its engineering department following its independence from GM last year.
US: AAM takes over Indian axle JV
7 January 2011
American Axle & Manufacturing (AAM) has assumed full ownership of the AAM Sona Axle joint venture (AAM Sona Axle) in Pantnagar, India. AAM Sona Axle, previously a joint venture between AAM and Sona Koyo to manufacture and sell light truck, passenger car and SUV axle assemblies for India, is now an independent company wholly owned by AAM.
US: AAM estimates backlog at US$850m future sales
17 November 2010
American Axle & Manufacturing Holdings (AAM) has announced its backlog of new and incremental business launching from 2011 through 2013 is estimated at US$850m in future annual sales.
BULGARIA: Sales decline begins to slow
11 November 2010
Bulgaria's new car sales decline slowed in October to 32.8% on the year compared with 37.8% a month earlier and some 40% at the beginning of 2010, according to figures from the Association of Automobile Manufacturers (AAM).
US: AAM Q3 net almost doubles
29 October 2010
American Axle & Manufacturing (AAM) booked net earnings of $38.8m or $0.52 per share in the third quarter of 2010, nearly double net earnings of $19.6m or $0.35 per share in Q3 2009.
SWEDEN: Saab pours cold water on Volvo speculation
7 October 2010
Saab is remaining quiet on speculation it could enter into a tie-up with fellow-Swedish manufacturer Volvo.
COMMENT: Saab still going strong
1 October 2010
Just the fact Saab was able to hold its huge press conference yesterday evening (30 September) at the Paris show was extraordinary.
NETHERLANDS: Spyker confirms BMW talks
27 September 2010
Saab owner Spyker is now confirming it is holding talks with BMW for a possibly supply relationship agreement.
SWEDEN: Saab not talking about BMW cooperation
27 September 2010
Saab is declining to comment on reports it will work with BMW on parts and technology.
SWEDEN: Saab and AAM form EV drive system joint venture
24 September 2010
Saab Automobile and American Axle Manufacturing (AAM) today (24 September) announced the formation of a jointly-owned company for the engineering, development and marketing of electric all-wheel drive systems, as well as electric and hybrid driveline systems.
THE WEEK THAT WAS: Ambition and profits
6 August 2010
News this week that Geely is adamant Volvo will retain its identity now the Chinese are in charge and Ford is shot of its Swedish patient. It remains to be seen if we now get Volvo badges on Geely products for Chinese sale but somehow I doubt they'll try that abroad.
US: AAM books Q2 profit
4 August 2010
American Axle and Manufacturing Holdings has booked second quarter 2010 net earnings of US$25.4m, or $0.34 per share, compared with a net loss of $288.6m ($5.20) a share in Q2 2009. Net sales were $559.6m, more than double the $245.6m reported in the second quarter of 2009. Non-GM sales increased about $78m to $135.2m.
BULGARIA: New car market bottoms out
12 July 2010
The Bulgarian auto market enjoyed its best month of the year so far in June, with 1,910 new cars sold.
US: AAM reveals Q1 profit
30 April 2010
American Axle & Manufacturing (AAM) has posted first quarter net earnings of US$16.3m, compared to a net loss of US$32.7m in the first quarter of 2009.
US: AAM supplies Amarok axles
30 March 2010
American Axle & Manufacturing Holdings (AAM) has confirmed it is supplying rear axles for the Volkswagen Amarok, a new double cab pickup initially launched in South America.
US: AAM establishes truck axle plant
25 March 2010
American Axle & Manufacturing Holdings, Inc. (AAM), has announced that it has established the Lancaster Manufacturing Facility in Lancaster, Pennsylvania, approximately 75 miles west of Philadelphia.
US: AAM profitability improves
8 February 2010
American Axle & Manufacturing (AAM) results in the fourth quarter of 2009 were net earnings of US$48.6m or $0.80 per share. This compares to a net loss of $112.1m, or $2.17 per share, in the fourth quarter of 2008.
US: AAM prices public offer stock
11 December 2009
American Axle & Manufacturing Holdings (AAM) has priced the 14,000,000 shares of common stock it is selling through a public offering at US$7.20 each for total gross proceeds of approximately US$100.8m.
US: American Axle eyes up to $108m from stock offer
8 December 2009
American Axle & Manufacturing Holdings (AAM) hopes to raise up to $US108m from a public offering of 14m shares of its common stock. Its part of a strategy to boost liquidity at the partsmaker, originally spun off from a General Motors component operation, which narrowly escaped bankruptcy earlier this year.
US: BorgWarner profitable in third quarter
28 October 2009
BorgWarner has reported third quarter net earnings of $17.2m, or $0.15 per diluted share, compared with a loss of $130.4m, or $1.12 a share, in third quarter 2008.
RESEARCH ANALYSIS: Review of stop-start systems
22 October 2009
The gradual emergence of eco-friendly vehicles on our roads has featured, among other technical wizardry, systems that automatically switch off vehicle engines during idling, for instance at red traffic lights. Matthew Beecham pauses to review the latest advances in stop-start systems.
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