US: AAM’s net income falls 90.2% in Q2 as closure costs bite
American Axle & Manufacturing (AAM) said second quarter 2012 sales of US$739.8m were up 7.8% year on year, non-GM sales grew 8.5% to $198.2m and net profit was $4.7m, or $0.06 per share, down sharply on $49.2m and $0.65 in the second quarter of 2011.
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