AAM sees continued sales growth through business diversification

News
November 26, 2017

November 26, 2017

American Axle & Manufacturing Holdings Inc., Detroit, Michigan, USA, has reported its financial results for the third quarter 2017 and updated its full-year 2017 financial outlook. The company stated that Q3 sales had reached $1.72 billion compared with $1.01 billion in the same quarter in 2016 – an increase of 70%.

AAM’s Q3 2017 results, and a sales increase to $4.53 billion in the first 9 months of 2017 (2016: $3.00 billion), reflect the impact of the acquisition of Metaldyne Performance Group Inc. (MPG) that was completed on April 6, 2017, for $3.3 billion.

MPG, based in Southfield, Michigan, is one of the leading global manufacturers of powder forged steel and structural PM parts. AAM’s net income in the first nine months of 2017 was $230.8 million.

Both AAM and MPG are heavily involved in the production of driveline and powertrain components for the global automotive sector, including hybrid and electric driveline systems.

www.aam.com

News
November 26, 2017

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Phoenix Sintered Metals: A story of transformation, growth and community from America’s PM heartland
  • World PM2024 Yokohama: The stage is set for the PM industry to find a path to sustainable growth
  • The state of Europe’s hard magnets industry and the challenge of optimising the mass production of Nd2Fe14B permanent magnets

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link