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.
AAM’s new business backlog for 2011 – 2013 is more than 20% higher than the previous three year backlog for 2010 – 2012.
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AAM’s new backlog supports its goal of achieving a US$3bn billion sales target in 2013, which would result in a compound annual growth rate in sales of around 10% for the next three calendar years.
More than 50% of AAM’s new and incremental business backlog for 2011 – 2013 is for customers other than GM. This includes new and expanded orders from manufacturers such as including Audi, Chrysler, Daimler Truck, Mack Truck, Mercedes, Nissan, Saab, Scania, Volkswagen and others.
