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.
Operating income was $58.7m and net income $37.7m, more than doubled versus the first quarter of 2010.
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Net earnings were $16.3m a year ago.
“AAM is off to a strong start in 2011. Driven by a 24% year-over-year sales increase, we are pleased to report AAM’s highest quarterly sales total in over three years in the first quarter of 2011,” said chairman and CEO Richard Dauch.
