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.

Adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation, excluding the impact of special charges, asset impairments and other non-recurring operating costs) totalled $93.2m, or 14.4% of sales.

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Q3 special charges, asset impairments and other non-recurring operating costs of $11.9m primarily related to the planned closures of Detroit and Cheektowaga factories. Also included in the quarter’s special charges was a $1.6m asset impairment for the e-AAM joint venture related to a long-term supply agreement with Saab Automobile.

AAM’s sales rose 16.5% to $2.0bn in the first nine months of 2011. Non-GM sales grew 32% to $535m.

Gross profit in the third quarter of 2011 was $103.5m, or 16.0% of sales. For the first three quarters of 2011, gross profit was $349.4m, or 17.7% of sales, compared to $300.1m a year ago.

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