USA: American Axle & Manufacturing Holdings reports record Q3 earnings
American Axle & Manufacturing Holdings has reported record third quarter earnings of 70 cents per share for 2002, an increase of 37% compared to the 51 cents earned in the third quarter of 2001. Sales in the third quarter hit a record level for the third straight quarter, up $85 million or 11.4% to $829 million for the third quarter of 2002 as compared to the $744 million in the year earlier period. North American vehicle builds were up approximately 11% by comparison.
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