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American Axle strengthens independence, and sales, in Q1

AAM wrapped up a strong first quarter and made further progress on its customer diversification efforts

American Axle and Manufacturing (AAM) wrapped up a strong first quarter and made further progress on its customer diversification efforts. Sales in the January-March period rose 13.7% to US$858.8m, while gross profit rose from US$104.3m (13.8% of sales) in Q1 2013 to US$121.9m (14.2% of sales) in Q1 this year.

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